Maybe I’m suffering from a case of wishful thinking as I analyze the tape, but as inflation begins to rear its head, I think we may be in for some real fireworks. If you’re long crap, be careful.
"They said the reason they're doing this is because 'other people' are using it in ways they can't monitor/control and potentially at the expense of their users."
Following its stress tests earlier this year, this morning the Fed announced individual large bank capital requirements which will become effective on October 1.
“It’s a new form of urban guerrilla warfare,” Barr said. “They are essentially shielding themselves or shrouding themselves in First Amendment activity..."
We see realpolitik trump the ‘liberal world order’, huge explosions, warnings of war, political polarization, dubious constitutionality, warnings of election fraud, sanctions, tariffs, and now the arrest of press barons.
The only notable data releases this week in the US are July CPI on Wednesday and July retail sales on Friday. The latest weekly jobless claims print on Thursday is also worth keeping an eye on.
"On July 28, we signed a Letter of Interest with Eastman Kodak. Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared."
