Picture this.September interest rate cuts.Crypto Spot ETFs go live in October.Fed, SEC and CFTC keep pushing out foundational crypto legislation in Q42025US pathway to trade on offshore exchanges like Binance live in Q42025HIGHERPolymarket (@Polymarket):BREAKING: Trump says Jerome Powell should have lowered interest rates a long, long time ago.99% chance he cuts rates this month.https://t.co/NZUR8hbdv1 ...

Market Overview - Global shares increased as U.S. stocks reached record highs, with Wall Street anticipating an update on the job market that may lead to interest rate cuts favored by investors [2] - In early European trading, Germany's DAX index rose 0.2% to 23,815.68, Britain's FTSE 100 increased 0.3% to 9,246.59, and Paris's CAC 40 edged up 0.1% to 7,707.13 [2] - The S&P 500 futures rose 0.3% and Dow Jones Industrial Average futures were up 0.1% [2] Economic Indicators - Japan's labor cash earnings rose 4.1% year-on-year in July, up from 3.1% in June, indicating solid wage growth [2] - Household spending in Japan climbed 1.4% in July compared to the same month last year, marking growth for the third consecutive month [2] - A report indicated that U.S. employers, excluding government, nearly halved their hiring in August compared to the previous month, while more workers applied for unemployment benefits, suggesting rising layoffs [2] Federal Reserve Outlook - The slowdown in the job market may prompt the Federal Reserve to cut its main interest rate for the first time this year, which could stimulate the economy and job market [2] - The Fed has maintained its main interest rate due to concerns about inflation exacerbated by tariffs rather than the job market [2] Commodity Prices - U.S. crude oil prices decreased by 38 cents to $63.10 per barrel, while Brent crude fell by 32 cents to $66.67 per barrel [4] - The U.S. dollar weakened against the Japanese yen, dropping to 148.14 from 148.40, while the euro rose to $1.1682 from $1.1654 [4]

Interest Rate Cuts are not beneficial to stable coin yield.Most likely why we are seeing $COIN price take a rather large hit here as well as the countless stablecoin competition.But all those stable farms that are getting you 5-12% APY are going to be cut down pretty heavily once rate cuts start to ACTUALLY come into play. ...

Core Viewpoint - Municipal bonds have shown limited performance this year, contrasting with the overall positive trend in aggregate bond indexes, suggesting a potential opportunity for investors to revisit this market segment [1][2]. Group 1: Market Performance - The ICE AMT-Free US National Municipal Index indicates that municipal bonds have not performed significantly this year, despite other bond indexes trading higher [1]. - The ALPS Intermediate Municipal Bond ETF (MNBD) is highlighted as a potential investment opportunity, particularly due to its active management approach, which allows for quicker responses to market changes [2][3]. Group 2: Investment Opportunities - There are several tailwinds that could enhance the performance of MNBD, including the potential for multiple interest rate cuts by the Federal Reserve and an anticipated increase in demand for municipal debt [4]. - Goldman Sachs Asset Management (GSAM) anticipates increased demand for municipal bond investment vehicles as investors look to reinvest new capital and take advantage of cheaper valuations in the market [5]. Group 3: Market Fundamentals - Despite challenges such as a significant increase in new issuances not being met with strong demand, the fundamentals of municipal bonds remain attractive, with resilient credit quality and historically high rainy day fund balances [6][7]. - GSAM notes that the foundational elements of the municipal bond market are favorable, with compelling yields and robust credit fundamentals, suggesting a positive outlook for the second half of the year [8].

Core Insights - The article highlights the author's extensive background in finance, particularly in corporate finance, M&A, and investment analysis, with a focus on real estate, renewable energy, and equity markets [1] Group 1: Professional Background - The author holds a Master's degree in Banking & Finance from Université Paris 1 Panthéon-Sorbonne, indicating a strong academic foundation in finance [1] - The author's experience spans over 10 years in investment banking, showcasing a deep understanding of financial markets and investment strategies [1] Group 2: Areas of Expertise - The author specializes in financial modeling, valuation, and qualitative analysis, which are critical skills for assessing investment opportunities [1] - The focus on real estate and renewable energy suggests a strategic interest in sectors that are likely to experience growth and transformation [1] Group 3: Engagement and Goals - The author aims to share insights and analysis on companies of interest with a global audience, indicating a commitment to knowledge sharing and community engagement [1] - There is an emphasis on continuous improvement and informed decision-making, reflecting a proactive approach to investment analysis [1]

Core Viewpoint - iShares Silver Trust (SLV) has reached a 52-week high and is up 48.97% from its 52-week low price of $25.27/share, indicating strong momentum in the silver market [1] Group 1: SLV Overview - SLV is designed to track the spot price of silver bullion and charges 50 basis points in annual fees [1] Group 2: Market Drivers - Recent volatility and inflation concerns have made silver a focal point, driven by tariff-related uncertainty, weak consumer sentiment, and ongoing geopolitical issues [2] - Expectations of interest rate cuts starting in September are favorable for silver, as a weakening U.S. dollar typically benefits the metal [3] Group 3: Performance Outlook - SLV currently holds a Zacks ETF Rank 3 (Hold) with a high-risk outlook, but it may continue to perform strongly in the near term, supported by a positive weighted alpha of 49.79 [4]

Let's just kind of sum up what Andrew Bailey has to say yesterday, downplaying the 30 year. You can understand why and also kind of downplaying the possibility of an interest rate cuts as well. Yes.That overall that the tone has been interpreted as being cautious. And this is probably confirming the paring back we've seen in bets about further rate cuts going forward in the year. So we had our August rate cut decision.We had this historic deadlock amongst the monetary Policy committee members. So this is re ...

Interest Rate Policy - Poland is expected to resume interest rate cuts [1] Inflation - Inflation in Poland eased below 3% for the first time in more than a year [1]

Core Insights - Huntington Bancshares (HBAN) shares have increased by 23.2% over the past year, outperforming the industry growth of 19.7% [1][7] - The company's net interest income (NII) and net interest margin (NIM) are on the rise, with NII expected to grow by 8-9% from $5.34 billion in 2024 [5] - Total deposits have shown a five-year CAGR of 14.6%, with management projecting average deposit growth of 4-6% from $155.1 billion in 2024 [6] Performance Metrics - NII recorded a four-year CAGR of 10.5% from 2019 to 2024, while NIM improved from 2.84% in 2021 to 3.25% in 2022 [5] - Total loan balance saw a CAGR of 11.5% over the same five-year period, continuing into the first half of 2025 [6] - As of June 30, 2025, Huntington's liquidity totaled $10.9 billion, with a long-term debt of $18 billion and only $576 million in short-term borrowings [9] Strategic Initiatives - Huntington has made several strategic acquisitions, including the planned acquisition of Veritex Holdings, which aims to enhance its presence in Texas [8] - The company has also acquired Capstone Partners and Torana to bolster its capital markets and digital capabilities [8] Challenges - Non-interest expenses have seen a CAGR of 10.9% over the last five years, with expectations for adjusted non-interest expenses to grow by 5-6% in 2025 from $4.51 billion in 2024 [10] - Commercial loans represent 57% of Huntington's total loan portfolio, with 73.7% of non-performing assets tied to these loans, indicating a high concentration risk [11] Valuation Perspective - HBAN stock trades at a forward P/E ratio of 11.49X, higher than the industry average of 11.04X, suggesting a premium valuation [13] - Prospective investors may consider waiting for a more attractive entry point due to the current valuation [15]

Market Trends - US stocks are expected to continue rallying after four months of gains [1] - The rally is anticipated due to Federal Reserve interest rate cuts coinciding with robust corporate earnings [1] Analyst Opinion - Morgan Stanley's Michael Wilson predicts the continued stock market rally [1]