Let's bring in Brian. Nick, head of portfolio strategy at New Wealth Brian good morning. Good to see you. >> You too.Frank, thanks for having me. >> I want to get your take on the market reaction yesterday to the EU trade deal and also the fact that we have these ongoing conversations. I don't know if you were listening earlier.Our Jim Cramer says essentially the market's kind of over this tariff fight. It's more focused on earnings, which are going better than expected. The fed and the jobs report agree or ...

Russia’s central bank slashed its key interest rate to the lowest level in nearly a year amid growing worries the cooling economy could tip into recession https://t.co/5xpyMLrFjP ...

The Bank of Russia has room for a deeper cut to its key interest rate amid slowing inflation and growing pressure from officials and businesses to save the economy from sliding into recession https://t.co/B8we14faQx ...

S&P and NASDAQ hitting fresh intraday highs today. So, how far can this record setting rally run. Joining me now post 9 is Ed Yardi of Yardeni Research.Nice to see you. >> My pleasure. >> Um, I mean, this thing just keeps going and going and going.Is it going to continue to go. >> It's a slow motion uh meltup. >> It doesn't feel that slow anymore.>> Well, you know, day by on a day dayby-day basis, but it's adding up to substantial gains clearly. And I think the market is coming around to a view I've had for ...

Concerns Regarding Private Credit - The financial system is potentially creating a new shadow banking system as activities move away from traditional banking [1] - The economy and economic growth are exquisitely sensitive, raising questions about the performance of these investments, especially at this scale [1] - Increased size and consolidation in private credit raise concerns about underlying risks [2] - Banks' lending to private credit firms creates interconnectedness [2] - A major accident in private credit has not yet been observed [2]

Trade Agreement & Market Sentiment - Japan is committed to invest approximately $500 billion, though details are limited [1] - A new deal deadline of August 1st could reduce market uncertainty [2] - The Yen might strengthen, potentially making Japan a more attractive market for both domestic and US investors [3] - Investors are fairly sanguine, with some complacency evident [6] Investment Strategy & Diversification - International diversification, particularly in developed markets including Japan, is favored over emerging markets due to inherent risks [4] - Global diversification can accrue benefits compared to focusing solely on the US market [5] Recession & Market Risk - Bond traders and investors are considering the possibility of a recession [9] - Recession risk remains, especially if the labor market weakens [10] - There's increased risk due to potential negative catalysts, given the current complacency [8]

Company Overview - Figma, a design software company, has published an updated prospectus for its initial public offering (IPO) [1] - The company plans to sell approximately 37 million shares at a price range of $25 to $28 each, potentially generating up to $1 billion in proceeds [1] Valuation Insights - The IPO could result in a fully diluted valuation for Figma between $14.6 billion and $16.4 billion [2] - Co-founder Dylan Field intends to sell 2.35 million shares, which could be valued at as much as $65.8 million [2] - In a 2024 tender offer, investors valued Figma at $12.5 billion, while Adobe previously agreed to acquire the company for $20 billion in 2022 before the deal was halted by regulatory objections [2] Industry Context - The flow of technology companies going public in the U.S. has slowed since late 2021 due to concerns over inflation and recession, leading to decreased investor interest in fast-growing but unprofitable companies [3] - Despite the slowdown, some technology stocks have recently gone public, including CoreWeave in March and Circle and Chime in June [3]

Not long ago, Donald Trump could rattle Wall Street for days with a single post. Now, for all the political noise and recession warnings, the US economy refuses to buckle — and markets, against the odds, are behaving rationally https://t.co/2UwHctCPw2 ...

The S&P 500 and NASDAQ hitting all-time highs earlier today and tracking for a positive week. Joining me now with his outlook for stocks, JP Morgan asset management global market strategist Jordan Jackson. Jordan, thank you for being here.Um, so it seems like you are not expecting a recession over the next 12 months. Uh, what are some of the headwinds that could derail that expectation. Well, I think the market is fairly sanguin over the very very near term, right.Uh we've got potential reciprocal tariffs b ...

Economic Resilience - The world economy's resilience over the past decade has largely kept at bay recession and unemployment [1] Government Influence - Governments are undermining the fundamental sources of the world economy's strength [1]