Trump Puts Spotlight On Rubio At Florida Rally Amid VP Speculation
Trump Puts Spotlight On Rubio At Florida Rally Amid VP Speculation Authored by Eva Fu via The Epoch Times (emphasis ours), Sen. Marco Rubio (R-Fla.) joined former President Donald Trump at a campaign rally in Doral, Florida, just days before the 45th president is expected to announce his vice presidential pick. Sen. Marco Rubio (R-Fla.) […]
Watch: Black Smoke Billowing Out Of Rouen Cathedral In France
Watch: Black Smoke Billowing Out Of Rouen Cathedral In France A 12th-century medieval cathedral in Rouen, northern France, was evacuated Thursday after black smoke billowed from the scaffolding around its spire. Reuters reported that “40 fire engines rushed to the site and emergency workers set up a cordon around” the Notre Dame of Rouen Cathedral. Videos posted […]
Wall Street Reacts To Today’s Dovish CPI Shock: “It’s Time To Cut”
Wall Street Reacts To Today’s Dovish CPI Shock: “It’s Time To Cut” In retrospect, what is happening was obvious to anyone with half a brain. Back in April, when CPI prints were still coming in hot, we said that it is only a matter of time before CPI starts missing month after month driven by […]
Vision Pro’s Success Hinges On Cheaper Version As Consumers Balk At $3,500 Price Tag
Vision Pro’s Success Hinges On Cheaper Version As Consumers Balk At $3,500 Price Tag Apple’s augmented reality headset, the Vision Pro, costs $3,499 and was released earlier this year during a period of elevated consumer stress, which has only worsened by the month. There have been notable signs of mounting demand woes for the overpriced headset, […]
Soft Landing Or Hard Crash? The Hidden Danger In Rate-Cuts
Soft Landing Or Hard Crash? The Hidden Danger In Rate-Cuts Submitted by QTR’s Fringe Finance Just days ago, I released my latest take on macro and the markets, including two new long positions I like, heading into the second half of 2024. As I wrote then, there are a number of negative catalysts still just waiting […]
Surveying The Post-CPI Market Carnage…
Surveying The Post-CPI Market Carnage… First things first, rate cut expectations are soaring after the deflationary CPI print… July rate cut expectation remain subdued though for now… Which smashed Treasury yields lower, led by the short-end… Which initial sent stock prices higher but all the majors are now back to unchanged… apart from the silly […]
Initial Jobless Claims ‘Plunged’ Last Week By Most In 10 Months
Initial Jobless Claims ‘Plunged’ Last Week By Most In 10 Months Initial jobless claims plunged from near one-year highs to two month lows last week at 222k (well below the 235k expectation). However, on an NSA basis, claims rose once again to their highest since February… Source: Bloomberg Continuing claims remain near their highest since […]
Momentous Press Conference Looms Today As Cracks Form In Biden’s Senate Wall, Donations Dry Up, Delegates Rebel
Momentous Press Conference Looms Today As Cracks Form In Biden’s Senate Wall, Donations Dry Up, Delegates Rebel Despite President Biden and his team attempting a major, multi-faceted counter-offensive aimed at silencing demands for him to call off his re-election bid, the push to bounce Biden off the ticket has only grown stronger — with major […]
Consumer Prices ‘Deflated’ Most Since COVID Lockdowns In June; Core Prices Continue To Rise
Consumer Prices ‘Deflated’ Most Since COVID Lockdowns In June; Core Prices Continue To Rise Expectations for more ‘evidence’ of a return to disinflationary trends were high heading into today’s CPI and they were more than satisfied by a 0.1% MoM decline in headline consumer prices in June (below the +0.1% MoM exp) – the biggest […]
Futures Dip Ahead Of “Very Good” CPI
Futures Dip Ahead Of “Very Good” CPI After the S&P closed up the first 7 trading days of July, US equity futures are down small following yesterday’s last hour meltup rally and into today’s CPI. As of 7:45am ET, S&P futures down 0.1% after the underlying index gained more than 1% to fresh all-time highs, […]