A rotation from Nvidia to Tesla by the Reddit crowd?

There was another significant drop in US construction job openings in July, signaling continued softness in the housing market.

'Here is a look at valuations (forward P/E ratio) compared to the past decade.' thedailyshot.com/2024/09/05/the… via (((The Daily Shot)))

Payroll preview: markets don't focus too much on data revisions having reacted to the initial estimate. But when you get an avalanche of consecutive downward revisions as we have had recently with JOLTS, this is telling us the wind has DECISIVELY changed direction H/T (((The Daily Shot)))

US Q2 unit labor costs were revised downward, marking the slowest growth in over a decade.

Germany's industrial production fell to its lowest level since the Covid shock, as the economy faces a potential recession.

Speculative accounts further boosted their bets on the yen last week as carry trades unwind.

'Market concentrations remain elevated.' thedailyshot.com/2024/09/09/unr… via (((The Daily Shot)))

The NFIB US small business earnings index hit its lowest level since the GFC.

US core CPI topped expectations, fueled by a surge in owners’ equivalent rent.

The market has scaled back Fed rate cut expectations in response to firmer core inflation, with the probability of a 50 bps cut this month dropping below 20%.

Gold remains decoupled from real rates amid extensive central bank buying.

US crude oil production continues to outpace that of Saudi Arabia.

All eyes are on this week’s FOMC decision. Here’s the short-term volatility curve for the S&P 500.

The 1-day EUR/USD risk reversal hit the highest level since the 2020 COVID shock ahead of the FOMC decision.