Market Performance - U.S. stock markets had a mixed close on September 10, 2025, with the S&P 500 and Nasdaq Composite reaching new all-time highs before paring gains, while the Dow Jones Industrial Average finished down 0.6% [1][2] - The S&P 500 closed marginally higher, adding to its previous record, while the Nasdaq Composite ended down 0.2% after being up for most of the day [2] Economic Data - The August Producer Price Index (PPI) report showed an unexpected 0.1% month-over-month decline, marking the third monthly decrease in 2025 and a reversal from July's 0.7% gain [3][4] - Year-over-year producer inflation slowed to 2.6% from 3.1% in July, easing concerns about wholesale inflation [3] Federal Reserve Expectations - The cooler-than-expected inflation data increased expectations for Federal Reserve interest rate cuts, with traders pricing in a 90% probability of a 25-basis-point reduction at the upcoming FOMC meeting on September 16-17 [4] Major Stock News - Oracle shares surged more than 30% to 40% after a strong outlook for its cloud infrastructure business, forecasting a 77% increase in cloud infrastructure revenue to $18 billion this fiscal year [5] - Other AI-related chipmakers saw gains, with Nvidia rising 3.6%, Broadcom adding 6.2%, and Advanced Micro Devices gaining 3.1% [5] - Apple shares declined approximately 3.5% following the unveiling of the iPhone 17, as investors were disappointed by perceived incremental updates [6] - Synopsys shares plunged around 35% after missing earnings expectations and lowering its full-year outlook due to decreased demand [7] - Chewy's shares dropped by 15-18% despite better-than-expected second-quarter results, as market expectations were for stronger performance [7] - Klarna made its debut on the NYSE with initial gains, while JPMorgan Chase & Co. climbed 1.7% on strong revenue forecasts [8] After-Hours Earnings - Chewy reported fiscal second-quarter results that led to a significant stock price decline despite meeting or slightly exceeding analyst estimates [10]

Market Performance - The U.S. stock market is experiencing a robust trading session with major indexes reaching new record highs, driven by soft inflation data and strong earnings outlook from Oracle [1][2] - The S&P 500 is trading up approximately 0.3% to 0.5%, while the Nasdaq Composite is also gaining between 0.1% and 0.5% [2] - The Dow Jones Industrial Average is lagging, registering a decline of around 0.1% to 0.6%, primarily due to a significant drop in Apple shares [3] Economic Data - The August Producer Price Index (PPI) report showed wholesale inflation unexpectedly slipped 0.1% month-over-month, contrasting with expectations of a 0.3% rise, bolstering hopes for interest rate cuts by the Federal Reserve [4] - A preliminary revision to employment data revealed that 911,000 fewer jobs were created than initially reported, indicating a weakening labor market [5] Upcoming Events - Investors are anticipating the Federal Reserve's FOMC meeting on September 16-17, with an 88% to 90% probability of a 25-basis-point interest rate cut [6] - The August Consumer Price Index (CPI) report is due on September 11, which will provide insights into consumer-level inflation [7] Corporate Earnings - Oracle Corporation's shares surged by 35% to 40% following a boosted outlook for cloud infrastructure sales, anticipating a 77% increase to $18 billion this fiscal year [9][10] - Other tech companies like Broadcom, Nvidia, and AMD also saw significant stock price increases due to positive sentiment around AI [11] - Conversely, Apple shares fell between 1.5% and 3% after the unveiling of its iPhone 17 models, which investors found underwhelming [12] Notable Stock Movements - Klarna's shares surged 20% on its NYSE debut, indicating strong investor interest in the fintech sector [13] - GameStop's stock increased by 6% after announcing its Bitcoin holdings surpassed $500 million [13] - Synopsys shares plunged between 24% and 35% after missing earnings estimates and lowering its outlook [14] - JPMorgan Chase & Co. climbed 1.7% following optimistic forecasts for third-quarter revenues, while Core & Main, Inc. plummeted 25.4% after missing revenue estimates [15] Commodity Market - Oil prices are trending upward, with Brent crude futures near $67 a barrel and U.S. West Texas Intermediate crude futures around $63 to $64 a barrel, influenced by geopolitical tensions [17]

But then I get high quality alpha like this and I want to change my entire belief system. https://t.co/c2PYIvmVMkEasy (@EasyEatsBodega):3 cuts this year.25bps each FOMCSeptember, October, December ...

Soft U.S. inflation data for August is — at least temporarily — pushing crypto prices higher early Wednesday. The Producer Price Index (PPI), which measures inflation at the wholesale level, fell 0.1% month-over-month in August, compared to analyst estimates of a 0.3% rise and the previous month's 0.9% increase. Year-over-year, PPI grew by 2.6%, down from 3.1% previously and sharply lower than forecasts for 3.3%. The core PPI, which strips out food and energy costs, also fell 0.1% in August verus a forec ...

3 cuts this year.25bps each FOMCSeptember, October, December ...

Core Viewpoint - Investors are increasingly optimistic about US Treasuries as expectations grow for the Federal Reserve to cut interest rates in September due to recent softer economic data [1][3]. Group 1: Market Reactions - A significant increase in open interest was observed, with 70,000 contracts added in October fed funds futures, marking the largest daily increase for that month following a disappointing employment report [2]. - The US 10-year Treasury yields have decreased from a peak in July to their lowest levels in five months, indicating a rally in bonds as economic cooling is suggested by recent reports [4]. - The yield on two-year notes, sensitive to rate changes, fell by 2 basis points to 3.54% [5]. Group 2: Economic Indicators - Nonfarm payrolls increased by only 22,000 in August, and unemployment rose to its highest level since 2021, reinforcing the view of a cooling economy [4]. - A report from the Bureau of Labor Statistics indicated that the number of workers on payrolls through March may be revised down by a record 911,000, further impacting market sentiment [5]. Group 3: Forecast Adjustments - Wall Street analysts are revising their forecasts to anticipate a more aggressive rate cut trajectory, with Barclays now predicting a quarter-point cut at each of the remaining meetings this year [6]. - Interest rate swaps currently reflect expectations for a full 25 basis point cut at the next Federal Reserve meeting, although some market participants are speculating on a larger cut due to weak economic data [6].

Market Sentiment - The CNN Money Fear and Greed index showed improvement in overall market sentiment, with a current reading of 51.3, indicating a "Neutral" zone compared to a prior reading of 50.2 [5] - U.S. stocks closed higher, with all three major indices reaching record highs during the session [1] Labor Market Data - The Bureau of Labor Statistics revised down nonfarm payroll jobs by 911,000 between April 2024 and March 2025, suggesting an earlier cooling of the labor market than previously anticipated [1][2] Sector Performance - Most sectors on the S&P 500 closed positively, with utilities, health care, and communication services stocks showing the largest gains, while materials and industrials stocks closed lower [3] - UnitedHealth Inc. saw a significant increase of over 8% after providing a positive outlook on its Medicare Advantage business [2] Market Indices - The Dow Jones increased by approximately 196 points to close at 45,711.34, the S&P 500 rose by 0.27% to 6,512.61, and the Nasdaq Composite gained 0.37% to reach 21,879.49 [3] Upcoming Earnings - Investors are anticipating earnings results from Chewy Inc., Daktronics Inc., and Oxford Industries Inc. [4]

Core Viewpoint - Australia's home prices are projected to rise by approximately 5-6% over the next two years due to lower borrowing costs, although affordability issues may limit these gains [1][4]. Group 1: Home Price Forecasts - Analysts predict a 5% increase in home prices for this year, revised up from previous forecasts of 4% and 3.7% in earlier quarters [4]. - Home prices in major capital cities such as Sydney, Melbourne, Adelaide, Brisbane, and Perth are expected to rise between 4% and 7% this year and next [6]. Group 2: Impact of Interest Rates - The Reserve Bank of Australia's 75-basis point cuts since February have reduced mortgage repayments, supporting modest buyer activity [3]. - Rates are expected to bottom out at 3.1% early next year, down from the current 3.6% [3]. Group 3: Affordability Concerns - The national median home value increased by around 4%, from A$814,293 in January to A$848,858 in August, indicating high historical standards [7]. - Analysts are divided on purchasing affordability over the next 12 months, with some expecting modest improvements while others predict a worsening situation [8]. Group 4: Market Dynamics - Lower borrowing costs are anticipated to enhance household buying capacity, exerting upward pressure on the housing market [5]. - However, the chronic undersupply in the housing market raises concerns that increased demand could further exacerbate affordability issues [9].

Core Viewpoint - Goldman Sachs CEO David Solomon believes there is no immediate need for the Federal Reserve to cut interest rates rapidly, contrasting with the Trump administration's calls for looser monetary policy [1][6]. Group 1: Interest Rate Policy - Solomon stated that the current policy rate does not seem extraordinarily restrictive given the current risk appetite in the market, indicating a high level of investor enthusiasm [2]. - Federal Reserve policymakers are expected to lower rates by a quarter point in their upcoming meeting, with further reductions anticipated through the end of the year [4]. - Treasury Secretary Scott Bessent suggested that the Fed should lower its benchmark rate by at least 1.5 percentage points, while Cleveland Fed President Beth Hammack does not see a case for rate cuts this month due to inflation remaining above the 2% target [5]. Group 2: Market Sentiment and Trade Policy - Solomon noted that while the market environment appears mostly constructive, trade policy has been a significant headwind to growth, contributing to uncertainty that has slowed investment [7]. - There are concerns that if the Fed proceeds with the anticipated rate cut, it could lead to a "Sell the News" event as investors may pull back [4].

♪ >> LIVE FROM WASHINGTON, D. C. THIS IS "BALANCE OF POWER" WITH JOE MATHIEU.JOE: JOB MARKET DISAPPOINTS AGAIN. JOBS DATA SHOWS WEAKER PAYROLLS AND THE HIGHEST UNEMPLOYMENT IN FOUR YEARS. THIS MIGHT BE ENOUGH TO BRING PRESIDENT TRUMP THE INTEREST RATE CUTS HE HAS BEEN LOOKING FOR.THANKS FOR BEING WITH US ON THE FRIDAY EDITION. THERE MIGHT BE A CELEBRATION ABOUT INTEREST RATES AT THE WHITE HOUSE COMING UP. LOWER RATES NOT ENOUGH TO BOOST STOCK PRICES.KRITI: THIS IS A FLOORING OF ECONOMIC DATA. DPI NUMBERS WO ...