MONDAY MARKET UPDATE August starts with a jobs week. NFP on Friday. ISM Manufacturing today. JOLTS tomorrow. September hike odds just climbed to 68% — the dissenters are winning the narrative even though they lost the vote. Gold is at $4,068 and half the poll crowd expects it to stay
FRIDAY MARKET UPDATE Apple beat every number and fell 6%. Amazon posted $62.6 billion in net income and guided weak. Microsoft held its 9% gain. The pattern is now clear: beat and hold if your AI is making money, beat and fall if it's costing money. Gold
THURSDAY MARKET UPDATE Microsoft broke the pattern. Eight AI names beat and fell. Microsoft was the ninth — and the stock surged 9% after hours. Azure hit $100 billion annually. EPS beat by 12%. Warsh held rates, got three dissenters, and gave zero guidance. Meta's profit fell 14%. Apple
TUESDAY MARKET UPDATE The FOMC meeting starts today. Warsh decides tomorrow. Hike probability just jumped to 36% — the highest uncertainty this close to a decision in years. Microsoft and Meta report tomorrow, same day as the rate call. Apple reports Thursday. Gold fell to $4,030 on a surging dollar.
MONDAY MARKET UPDATE Iran said it will stop attacking if the US stops striking. The US already paused Friday — broke a 13-night streak without announcing it. Oil crashed 8% overnight. Brent fell from $102 on Thursday to $89 this morning. Gold is up to $4,098. FOMC is Wednesday.
THURSDAY MARKET UPDATE Yesterday I told you gold woke up. Today it fell back asleep. The metal gave back 2% overnight and dropped below $4,000 again. Alphabet beat revenue by $3 billion and its free cash flow was negative $5.9 billion. Tesla beat revenue by $2.5 billion
WEDNESDAY MARKET UPDATE Gold just woke up. The metal surged to $4,116 — its highest level in two weeks — as safe-haven demand returned. Silver jumped 5.8%. Brent crossed $92. And tonight: Alphabet and Tesla report after the bell. TSMC reports tomorrow. The entire AI thesis, the war, and
TUESDAY MARKET UPDATE Brent hit $90. Ten consecutive nights of US strikes. Then mediators floated a 10-day ceasefire and oil pulled back. Alphabet reports tomorrow. Tesla reports tomorrow. TSMC reports Thursday. Three AI giants in 48 hours — while the Semis are down 20% from their peak and a war
MONDAY MARKET UPDATE Three American service members were killed in Iran's strikes over the weekend. Tehran declared the ceasefire “effectively collapsed”. Iran intercepted four vessels in Hormuz. Oil has now surged 30% from its July lows. And TSMC reports this week — the single most important earnings call of
WEDNWSDAY MARKET UPDATE Six straight days of US strikes on Iran. Silver at 8-month lows. Gold back below $4,000. Oil up 13% this week. Trump warned he'll target Iran's infrastructure next week. CPI and PPI both went negative — and it didn't matter.
WEDNWSDAY MARKET UPDATE All six major banks beat. Every single one. Morgan Stanley posted record revenue yesterday — $21.35 billion — on a 69% surge in equities trading. The banking sector just had its best earnings week since 2021. Meanwhile gold is stuck at $4,070, trapped between soft CPI and
WEDNWSDAY MARKET UPDATE PPI confirmed what CPI started — wholesale prices fell 0.3% in June, the first decline in a year. Two soft prints in two days. And gold gave it all back. It surged Tuesday, then faded to $4,062. The reason: $86 oil. The market isn't