More Record Closing Highs As Fed Government May Be Closing
Three of the four top market indexes notched fresh all-time closing highs today on renewed exuberance for AI, with NVIDIA becoming the first company ever to reach a market capitalization of $4.5 trillion.
The Commodities Feed: Oil Falls Amid Signs OPEC+ May Bring Supply Back Quicker Than Expected
Oil prices are under additional pressure amid reports OPEC+ is considering bringing supply back onto the market at a quicker-than-expected pace
PYPL: Google Deal Shows CEO Is Delivering On His Promises
Despite Mr. Market’s rather muted reaction, PayPal Holdings Inc. recently delivered exactly the type of “shock the world” move Alex Chriss first promised when he took the reins as CEO, signing a multiyear deal with Alphabet Inc. on digital commerce
Conference Board: “A Sharp Deterioration In Consumers’ Views Of The Current Economic Situation Weighed On Confidence”
There’s considerable heterogeneity by partisan affiliation, demographics, and income. Linking in with the remarkable persistence of consumption growth with low confidence/sentiment is the heterogeneity across income terciles.
EUR/USD Steadies As Shutdown Fears Weigh On Dollar
EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed officials.
GBP/USD Finds Uneasy Gains Ahead Of Us Government Shutdown
GBP/USD caught a slight lift on Tuesday, creeping into the 1.3450 region and tilting into a third straight bullish session.
Liquidity Pressures Push Repo Rates Above Fed Funds Range
The decline in liquidity was evident today, as shown by the rise in the average repo rate, which surged to 4.31%—6 basis points above the Fed’s target range of 4.00% to 4.25%.
A Sharp Deterioration In Consumers’ Views Of Their Current Situation
Consumer confidence declines again in September, led by current situation.
