- https://www.investing.com/news/commodities-news/oil-set-for-3-weekly-gain-on-rising-mideast-tensions-better-us-outlook-3563570
- https://finance.yahoo.com/news/chinas-july-consumer-prices-jump-013643887.html
- https://www.forexlive.com/news/the-us-treasury-auctions-off-25-billion-of-30-year-bonds-at-a-high-yield-of-4314-20240808/
- https://www.cboe.com/tradable_products/vix/
Futures are neutral, no one was interested in the 30 year new issues so yields rose a bit (reassuring actually), inflation went up in china for the wrong reason (supply side), and oil may have a tension component (hope no one kicks the hornets nest in the middle east. Sentiment is certainly a bit better then when the sky was falling a few days ago but Vix is not moving much.
A number of large banks / analysts recently raised the odds they had of recession but they are still pretty low for many of them. Its pretty interesting, as time goes on less and less economists are talking about the very long duration so far inverted yield curve, possibly because the news is so old at this point. Unemployment was less than expected, and inflation numbers have eased. Assuming no black swan event before then, once the fed does cut, however much it may be, and a pace is set perhaps the volatility will calm. Often post election there is a relief rally and that also could bring calm. Good night all, hope your investments for tomorrow as the weekend rolls in goes well, and lets hope for a better week overall than this one was.
Some interesting Fiscal deficit links:
Submitted August 09, 2024 at 02:05AM by wander9077 https://ift.tt/xIBQ3Fk
