US Fed chair indicating further smaller rate cuts are ahead. While China’s market sees is biggest one day gain since 2008. Here is the daily.
The S&P 500 rose for four straight quarters, adding $2.5 trillion in the September quarter. However, the Aussie share market outperformed, rising 6.5% compared to the S&P 500’s 5.5% gain. With Fed chair Jerome Powell indicating no rush for...

Following

S&P: 5,592.18 (-0.6%)
DJIA: 41,091.42 (-0.4%)
Nasdaq-100: 19,350.78 (-1.2%)
Eurostoxx: 4,913.03 (+0.3%)
U.S. crude futures: 74.52 (-1.3%)
U.S. stocks saw a pullback on Wednesday before Nvidia released its earnings after market close. Earnings for the quarter came in modestly above expectations to which its shares fell 7% in extended trading. The S&P 500 fell 0.6% as tech stocks weighed on the ...

KEY TAKEAWAYS
PDD ADRs Dive Pre-Market: Shares of Chinese e-commerce giant PDD plunged in pre-market trading after its discount marketplace Temu reported lower-than-expected sales.
Q2 Sales Miss: PDD's second-quarter sales of 97.06 billion yuan ($13.63 billion) fell short of analysts' consensus estimates, causing market jitters.
Challenges Ahead: PDD's chairman and co-CEO Lei Chen acknowledge...

Alright, folks, gather 'round! So, NVIDIA just dropped their Q2 earnings, and it was like a surprise birthday party where they brought the cake, balloons, and even a $50 billion gift card… but Wall Street was like, “Nah, not impressed.”
Here’s the scoop: they crushed it with an EPS of $0.68, while the analysts were betting on $0.65—close, but no cigar! And if you’re a numbers person, they raked in...

As we observe the rising unemployment rates in the U.S., there is growing concern that the Federal Reserve’s likely rate cuts in September may not be enough to prevent a hard landing—a full-blown recession. While we’ve been hopeful for a soft landing, I worry that our expectations might lead to greater disappointment if things don’t pan out as we wish. This situation forces us to rethink how we allocat...