26th July 2024

  • Markets Tear Up Popular Trades That Reached ‘Stupid Levels’ (2)

Assumptions on Fed rate cuts, AI, earnings have been upended

Result include yen rally, plunge in large-cap tech stocks

https://blinks.bloomberg.com/news/stories/SH7330T1UM0W

  • US Economy Grew Faster Than Expected Last Quarter on Firm Demand

Gross domestic product rose 2.8%, led by consumers, businesses

Core PCE climbed by more than forecast but still eased from 1Q

https://blinks.bloomberg.com/news/stories/SH6L73T1UM0W

  • Treasuries Gain as Debate Rages Over Timing of Fed’s First Cut

The US economy accelerated by more than forecast last quarter

Traders are pricing in first interest-rate cut in September

https://blinks.bloomberg.com/news/stories/SH71GWT1UM0W

  • Trump Won’t Commit to Debate Until Harris Formally Nominated

Trump campaign says it’d ‘be inappropriate to schedule things’

Biden and Trump had agreed to ABC News debate on Sept. 10

https://blinks.bloomberg.com/news/stories/SH7GM4T0G1KW

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