core PCE Y/Y 4.2% ...

 expect another rate hike next month.

JP stood determined to fight inflation ...

market took a plunge, but didn't penetrate last Friday low .. so its a turnaround ..!

Aug 18 low still stands ... as projected ..!

funny thing is, in 2022; Aug 18 had a market high, which started a 20% drop ... which caused fear this year, human nature, but the outcome will be exactly opposite this year ..!

expect the unexpected or better Do not expect anything in first place ..!

NVDA lasted a day and now all eyes on the hole ...

 i mean Jackson Hole .. wait for tomorrow.

NVDA does it again ...

 stock jumps 8+% post QE

Congratulations to ISRO in India for first moon landing on south side

 

all eyes on NVDA tomorrow and Jackson Hole on Friday

 or better to come out of the hole ..!

teenies are at their peak & so are the mortgage rates ..

now reaching 7.5%

Redondo and Hermosa Beaches

s&p drops 6.14%

Does the number sound familiar?

Think hard!

global yields hit 15 year high ...

This is where both Ackman who is short bonds and Buffett who's long, make money ... it's all about timing and duration of your trade.

market coming down to 5% anniversary ..!

 & waiting for an event to turnaround .. i wonder what would that be in couple of days ..!

Fed minutes show risk of inflation are still there ..!

 what a mess created by dems ..!

AI is as biased as humans ...

read a fantastic article on Bloomberg, which shows how AI hackers can bias a model to say 9+10=2

PPI was not as benign as CPI YD ..

 producers and manuf. are bearing highers cost like UPS drivers for $170K ...

CPI came benign ... but market wants to give up more ...

 now lost 3.5% from the peak, S&P almost at 50DMA

China's exports are falling & so is its inflation ...

... that deflation is becoming a problem

Moody downgrades US banks

 leading to tightening lending conditions ... market drops 3.3% a normal jolt in Aug ..!

Omega Mart @ Area15

market likes a moderate NFP number, much lower than ADP ...

but post mid-day rise, gave up all.

market needs an e-vent to vent and gets really shocked by an unexpected event

 Example: Fitch downgrading US credit rating.

dropped 2.6% from last Thu high

 will NFP save her ?

Fitch downgrade creates a 2.2% jolt ...

 plus, ADP number is hot ..!

3rd time is a charm - Trump got indicted 3rd time ...

 how worried dems must be that they don't want him to contest the next election ..!

first day on August brings the pullback ... a hot month ..!

 & then the news of US credit rating showed up after the close.

both JOLTS and ISM-M came weak ... market cheers