Group 1: Microsoft and OpenAI Partnership - Microsoft and OpenAI have signed a non-binding deal that allows OpenAI to restructure into a for-profit company, marking a significant phase in their partnership [2] - Microsoft has invested $11 billion in OpenAI, which under previous agreements had exclusive rights to sell OpenAI software tools through its Azure platform [3] - OpenAI's nonprofit arm is expected to receive over $100 billion, approximately 20% of the $500 billion valuation it seeks in private markets [3] Group 2: Market Performance - Global stocks have reached record highs, with the Dow Jones closing above 46,000 and the Nasdaq above 22,000 for the first time [4] - The Nikkei in Japan also hit a fresh record high, while the FTSE 100 in Europe is poised to set another record [5] - Rate cut expectations are rising due to jobless claims reaching their highest in nearly four years, despite a slight increase in CPI [5] Group 3: IPO Activity - Gemini Space Station, founded by the Winklevoss twins, priced its IPO at $28 per share, above the expected range of $24 to $26, valuing the company at $3.3 billion [6] - The offering capped at $425 million, with 15.2 million shares sold [6] - This week has seen a busy IPO market with notable companies like Legions and Figer also launching [7] Group 4: Economic Indicators - The University of Michigan's preliminary sentiment survey for September is expected to show a slight decline to 58, indicating consumer caution amid inflation and high borrowing costs [9] - Current conditions are anticipated to rise to 62, while expectations remain steady at 56 [10] - Inflation expectations are projected to ease slightly, with the one-year outlook dipping to 4.7% from 4.8% [10] Group 5: Federal Reserve and Interest Rates - A rate cut by the Federal Reserve is widely expected next week, with a quarter-point cut anticipated [24][33] - The impact of rate cuts on long-term yields is uncertain, as historical data shows mixed results in previous cycles [31][32] - Factors such as supply and demand for bonds, creeping inflation, and global yield trends are influencing long-term rates [29][30] Group 6: Corporate Developments - Paramount Sky Dance is reportedly preparing a cash bid for Warner Brothers Discovery, which could reshape the US streaming landscape [39] - Adobe reported better-than-expected Q3 results, with revenue rising 11% year-on-year to $5.41 billion and net income climbing to $4.18 per share [40] - SK Hynix announced readiness for mass production of next-generation high bandwidth memory chips, crucial for AI computing [42]

What do you make of the futures pulling back. I mean, we saw that the CPI come in line. A lot of people believe that's going to lead us uh excuse me, the jobless claims are going to lead us to a cut.Why are we seeing this pullback today. Any any idea. Well, Frank, the number one thing that matters for next week is, of course, the resumption of the Fed's easing cycle.And I actually think it drives a pretty constructive market market setup going into the next 6 months. Now, even though that easing is going to ...

We recently published 10 Buzzing AI Stocks to Watch in September. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks to watch in September. Ken Gawrelski, Wells Fargo senior internet analyst, said in a recent program on CNBC that the consumer has been extremely resilient, and a possible rate cut from the Fed could further benefit consumer companies. In this context, the analyst believes Amazon.com, Inc. (NASDAQ:AMZN) is among the “tactical” winners. “Another name that we’ve been maybe less positive but ...

💥BREAKING:The CME FedWatch tool shows markets pricing a ~93% chance of one rate cut in September 2025 (to 4.00–4.25%) and a ~92% chance of two cuts by December (to 3.50–3.75%). https://t.co/q4Sg9xduRK ...

Core Viewpoint - The Dow Jones Industrial Average has surpassed 46,000 for the first time, driven by increasing hopes for interest rate cuts and a resurgence in IPO activity [1] Group 1: Market Performance - The Dow crossed the 46,000 mark, indicating strong market performance and investor optimism [1] - The rise in the Dow is attributed to expectations of potential rate cuts, which could stimulate economic growth [1] Group 2: IPO Activity - There is a notable return of IPO mania, suggesting increased market confidence and a favorable environment for new public offerings [1] - The resurgence in IPOs may reflect broader trends in the market, as companies seek to capitalize on favorable conditions [1]

Market Outlook & Earnings - The market's current rally is partly fueled by expectations of a Federal Reserve rate cut, potentially around 50 basis points [1][3][4] - Q1 and Q2 earnings have exceeded expectations, driving the market to new highs [2] - The market is counting on earnings continuing to make new highs [2] - Technology and communication services account for 40% of the S&P 500 market capitalization and 28% of earnings [7] - Analyst consensus expectations show small caps are showing signs of life [11] Valuation & Potential - The valuation multiple is around 22, which is considered acceptable [3] - A potential "melt-up" scenario could see the price-to-earnings ratio rise to 25, reminiscent of 1999 [5] - If the Fed surprises with a 50 basis point cut, the S&P target could be revised upwards to 7,000 [4][5] - The "impressive 493" (companies outside the Magnificent Seven) also had good earnings and are expected to contribute to market growth [8][9] Risks & Uncertainties - A debt crisis scare, potentially triggered by the government having to refund $500 billion to $1 trillion due to overturned tariffs, could derail a year-end rally [15]

Market Performance - All three major U.S. equity benchmarks, including the S&P 500, Nasdaq 100, and Dow Jones, reached record highs as investors favored risk assets amid expectations of falling interest rates [1][2] - The S&P 500 rose 0.8% to 6,585.53, the Nasdaq 100 increased 0.7% to 24,012.41, and the Dow Jones jumped 1.3% to 46,087.94 [2][7] - The Vanguard S&P 500 ETF increased by 0.8% to $604.49, while the SPDR Dow Jones Industrial Average rose 1.2% to $461.58 [7] Sector Performance - All 11 S&P sectors experienced gains, with consumer discretionary, materials, and financials leading the way [3] - The Consumer Discretionary Select Sector SPDR Fund outperformed, increasing by 1.3%, while the Energy Select Sector SPDR Fund lagged with a 0.1% rise [7] Company Performance - Top gainers in the S&P 500 included Synopsys, Inc. (+11.11%), Centene Corporation (+10.66%), and Micron Technology, Inc. (+9.57%) [8] - Notable losers included Delta Air Lines, Inc. (-4.30%), Oracle Corporation (-3.38%), and Netflix, Inc. (-2.83%) [9]

🇺🇸 FED 25 BPS RATE CUT ODDS SURGE TO 88% ON POLYMARKET AFTER CPI RELEASE.BULLISH FOR CRYPTO !! https://t.co/svXIrpGFAX ...

“The worst-case scenario on inflation isn’t playing out,” said David Russell at TradeStation. “The doves will be happy to see the year-over-year number back below 3%. Combined with the weak jobs data recently, this keeps us on track for rate cuts. However, the speed and intensity might depend more on the big consumer index.”Economic data released on Wednesday showed that the U.S. producer price index for final demand fell -0.1% m/m and rose +2.6% y/y in August, weaker than expectations of +0.3% m/m and +3.3 ...

Emerging markets are becoming more attractive as the prospect of an upcoming US rate cut — combined with softer local inflation and relatively low public debt — strengthens the investment case, according to Eastspring Investments https://t.co/yxhDvT9jGo ...