Following a failed confidence vote, France remains mired in political deadlock as President Macron searches for a new prime minister to resolve a deepening budget crisis and avert economic stagnation.

Boy, what's about to happen in the market? I mean, is the CPI that comes out this Thursday about to derail the two biggest bullish trades in the market currently?

The first trading week of September began with volatility but closed more moderately as markets digested economic data and sector-specific news. Technology, small caps, and gold miners stood out as leaders while energy lagged. 

The USD/CAD pair trades in negative territory near 1.3800 during the early Asian session on Tuesday.

SOFR rose to 4.42%, which is a relatively high level for this time of the month and signals a lack of liquidity in the funding markets.

Only now, IBM outperforms the benchmark though it has a way to go in momentum.

After several months of weak credit creation, July saw the second highest monthly increase of 2025 with a total of $16.0 billion in credit, up almost double from the revised June print of $9.6 billion.

The Semiconductor Index is playing out a sideways pattern in price.