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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