Moovin Stonks | Nvidia, Boeing, and Semis Lead Full Market Pull Back to Start Sept.
September Starts with Market Pull Back on Hungover Tuesday Session
U.S. Factory Activity Contracts Once More as Fed Primes Rate Cuts -- ISM
US ISM Manufacturing PMI Edges Higher to 47.2 in August Vs. 47.5 Expected
Stocks May Correct in September: Morgan Stanley's Caron
U.S. Economy Needs to Deteriorate to Justify 100 Basis Points of Rate Cuts in 2024 -- Interview
FX Markets Expected To Move On U.S. Labor Data -- Market Talk
Short Covering Lifts USD – Scotiabank
US Dollar Rises Early Tuesday, Focus on August Employment Data
The Big Short on Wall Street: If non-farm payrolls are strong enough, there is hope for lagging US stocks to catch up.
① Since the sharp decline in August, strong data has helped the market recover, and Wilson expects the non-farm payrolls report this week to drive this trend. However, if the data is weaker than expected and the unemployment rate rises, the stock market will be under pressure, as it was last month; ② If the data again raises concerns about a hard landing, it may trigger a "significant" decline.
US Dollar Extends Consolidation as Labor Market Data Looms
Investors Need to Continue Brace for Lower Rates as Fed Cuts Get Underway: UBS
DXY: ISM Mfg, Employment Data on Tap – OCBC
More Economic Nationalism – UBS
Will tonight's ISM manufacturing index set the tone for global markets this week?
As the first important economic indicator of the week announced, the ISM Manufacturing Index is expected to be in contraction range for the fifth consecutive month. Bank of America believes that if the ISM Manufacturing Index is above 49, it may push the 30-year US bond yield to above 4.3%.
The entire market focuses on non-farm, be careful of the 'backfire' of inflation.
Deutsche Bank believes that considering the global increase in money supply growth, sticky inflation, geopolitical risks, and the need for greater fiscal stimulus for higher post-pandemic real yields, it is still too early to dismiss inflation risks.
Dollar Recovery Might Remain Limited -- Market Talk
Has the Fed made a fatal misjudgment? Analysts warn that failure to cut interest rates quickly enough could lead to major mistakes.
① Akintewe pointed out that some data has already reflected a weaker economic condition, including previously heavily revised non-farm data; ② "Why would the policy rate continue to be maintained at 5.5% when the inflation rate has almost dropped to 2.5%? In this environment filled with uncertainty, do we really need this 300 basis points of real interest rate?"
5 must-read articles in the evening | The dilemma of the Federal Reserve
Renaming projects is becoming more common nowadays. Recently, we have seen projects like MakerDAO renaming to Sky Protocol, MATIC renaming to POL, and Fantom renaming to Sonic Labs. However, in most cases, when token replacement occurs, investors are given equivalent tokens. However, recently, there has been a project that played a "tricky move" by increasing the token supply fourfold but still exchanging them at the original ratio.
Wall Street is Bracing for September Curse Again. What's New and How to Tackle It