♪ >> GOOD MORNING, IT’S 5AM IN NEW YORK, I'M MATT MILLER IN FOR DANI BURGER WITH YOUR BLOOMBERG BRIEF. U.K. MARKETS ARE CLOSED FOR A BANK HOLIDAY, HERE'S WHAT YOU NEED TO KNOW. STOCKS PULLED BACK AFTER A RALLY FUELED BY FED CHAIR POWELL'S RATE CUT SIGNAL.INVESTORS NOW SHIFT TO FOCUS ON NVIDIA'S EARNINGS SET FOR LATER THIS WEEK AND DR PEPPER AGREES TO BUY COFFEE AND TEA MAKER PEET'S. FUTURES PULLING BACK, DOWN A LITTLE BIT. THE COURT OF PERCENT ON THE NASDAQ.MORE THAN 1% GAIN IN THE CASH TRADE FOR THE MAJOR ...

Stocks Rally Stutters as Rate-Cut Optimism Fades. Get market insight on Bloomberg Surveillance. @tomkeene @ptsweeney @LisaMateoTV are LIVE on YouTube https://t.co/m9IglISGoz ...

Market Trends - Ethereum hits a new all-time high after 4 years, driven by expectations of an imminent rate cut by the Federal Reserve [1] - Crypto sentiment shifts to "Greed" as Bitcoin and Ether experience price spikes following the Fed's speech [1] Regulatory Developments - The EU is accelerating its plans for a digital euro, considering Ethereum and Solana for public blockchain implementation [1] - Japan is planning crypto tax cuts to stimulate investment in the crypto market [1] New Investment Products - VanEck files for a JitoSOL ETF, potentially opening a pathway for investors to earn Solana staking rewards [1]

Monetary Policy - New Zealand's rate cut is mentioned, potentially influenced by factors similar to those favored by Trump [1] - The report raises concerns about the possibility of inflation not subsiding [1]

Market Analysis & Prediction - The report anticipates a significant market correction in September, triggered by the FED's rate cut, unlike the insignificant cut in September 2024 [2] - The analysis points to Bitcoin's bearish chart patterns, including a CME gap around 93 thousand, liquidity concentration in the 90-95 thousand region, and the need to retest the EMA50 weekly, suggesting a correction towards the 93-95 thousand range [3] - The report highlights bearish divergences on daily and weekly Bitcoin charts, reinforcing the expectation of a correction [3] - The author expects ETH to run to 7-8 thousand and Bitcoin to push toward 145-150 thousand after the September correction [5] Retail Investor Behavior - On-chain metrics indicate retail investors typically buy high and sell low, exemplified by their late entry between 110-120 thousand after the June dip from 110 thousand to 98 thousand was largely bought by big players [4] - The market needs to flush out retail investors who entered heavily at high levels, driving prices down to their liquidation zone of 90-95 thousand before the next upward movement [4] - The current market sentiment is described as a "fake bullish sentiment" fueled by euphoria, endless expectations, and blind trust in authority, which is considered a bull trap [4] Trading Strategy - The author has been taking daily profits of 10% from ETH and BTC holdings since August 18th, rolling it into building a short position within a defined "short area" [5] - The author's strategy involves accumulating shorts and distributing spot holdings within the mentioned short area, focusing solely on BTC and excluding ETH or other altcoins [5] - The author's current portfolio allocation is 60% Cash + Shorts and 40% Spot bags, with a daily shift of 10% from Spot into Shorts, using x5 leverage [5]

Last time the 🇺🇸 FED cut rates in September, Q4 turned massively bullish.Will history repeat ? https://t.co/klHh7n7Vw7 ...

So, we're here at Jackson Hole at the Kansas Fed's annual economic symposium where there is clearly a lot of jockeying for position and that position is the new Fed chair. Do you have an opinion on monetary policy. So, we just had Jerome Pal's speech at Jackson Hole where he just opened the door to a rate cut in September.Is this Waller one of the guys who's in the running for the next Fed chair. There's so much ambiguity right now, but within that, somebody has to nail it. Yeah.Well, I nailed it. No questi ...

Last time the FED cut rates in September.Bitcoin and Ethereum exploded shortly after.History will repeat. https://t.co/HoOl3qbwRj ...

Monetary Policy & Fed Credibility - The Fed's credibility is at risk if political pressure influences rate cuts, potentially clouding public perception of their decision-making [1] - While individual members are focused on their responsibilities, communication challenges arise due to external pressures [2] - Maintaining anchored long-run inflation expectations is critical for the committee's work [6] Inflation Concerns & Challenges - The Fed faces a significant challenge in keeping consumer inflation expectations anchored, especially given the difficulty in consistently achieving the 2% target [5] - Upside risks to inflation exist, and the committee emphasizes the importance of well-anchored long-run inflation expectations [6] - Consumer and business sentiments diverge regarding inflation expectations, creating uncertainty about future inflation [7] - Inflation is already above the Fed's target, and tariff effects further complicate disentangling the drivers of inflation [8] - The committee faces the challenge of keeping its credibility and inflation expectations anchored amidst uncertainty about the impact of tariffs [11] Tariffs & Economic Impact - Tariffs' impact on prices is viewed as potentially fleeting but the possibility of a persistent impact is not ruled out [9] - The discretionary implementation of tariffs by country makes it difficult to assess their impact on inflation [10] - Significant uncertainty exists regarding the economic outlook [12] Labor Market Dynamics - Tightening immigration policy impacts the labor market, potentially leading to higher labor costs for firms [13] - Wage impact and price effects are interconnected, influencing companies' decisions on cost pass-through and worker compensation [14] - The labor market is reacting to both supply and demand factors, contributing to the current unemployment rate [15] - Understanding the dynamics affecting both price inflation and labor rates is crucial for the Fed's decision-making [15]

That is the closing bell on Wall Street. And now it's market domination overtime. We're giving you full team coverage of all the moves to get you up to speed on the action for today's trade.Lou Bassin, Prairie Operating Company, EVP of Market Strategy, as well as Yahoo Finance's very own Jared Blickery joining us now to break down the move today. Jared, my friend, let's start with you on that close. Yeah, let's talk about POW here.We got the POW put in effect. A lot of traders love the uh the hint at Septem ...