Market Trends & Monetary Policy - Stocks are surging, indicating a positive market reaction [1] - The Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut as early as next month [1]

🇺🇸 POWELL SPEECH SUMMARY.1. Powell warns of mounting job risks, signaling a possible September rate cut.2. Powell notes rising threats to the labor market.3. Powell expects tariff-driven inflation pressures to be temporary.4. Powell says shifting balance of risks could justify a policy shift. ...

🇺🇸 NOW: Key takeaways from Powell’s FOMC press conference• Risks now tilt toward jobs, not just inflation• Labor supply is weakening with demand• Fed scraps flexible average inflation targeting• Stable inflation expectations no longer assumed• Signals possible rate cut in September ...

Group 1: Federal Reserve and Market Reactions - Federal Reserve Chair Jerome Powell is scheduled to speak at Jackson Hole, which has heightened market anticipation and nervousness among investors [3][4] - Analysts indicate that the market is hesitant to invest new capital ahead of Powell's speech, with expectations of a potential September rate cut being uncertain [4] - Current economic data suggests higher inflation and a possible cyclical growth rebound, complicating the outlook for rate cuts and indicating a "higher for longer" interest rate environment [4] Group 2: Meta and Google Cloud Deal - Meta Platforms has entered into a significant six-year cloud computing agreement with Google Cloud, valued at over $10 billion [5][6] - The partnership aims to enhance Meta's AI capabilities while the company develops its own data centers, which will take years to become operational [6] Group 3: Cracker Barrel's Logo Controversy - Cracker Barrel's new logo has sparked controversy, leading to a share price decline of over 7% [7] - The company is also modernizing its restaurant ambiance and menu, which has received mixed reactions from customers [7][8] - Over the past five days, Cracker Barrel's stock has decreased by 11% amid the logo change and other updates [8]

Take United Health. It's down 40% this year still, but now one of the top winners in the Dow so far for this month. It's up 22% for August.Our next guest sees opportunity in the stock and says investors should buy. Joining us now is Broo May, partner at Evans May Wealth. She is also on CNBC or on Forb's top women advisors list.And Brooke, it's great to have you back on the show. Welcome. >> Thank you, Morgan.>> As a former uh Forbes alum here, a little slip of the tongue there. All right, let's start with U ...

Market Performance - The Dow Jones Industrial Average is down more than 100 points or 0.3% [7] - The S&P 500 is down about 26 points or 0.4% [7] - The Nasdaq Composite is down about 0.3% [7] - The Nasdaq 100 is down about 0.5% [7] - The Russell 2000 finished up 0.2% [8] - It's the sixth straight day of declines [8] Earnings and Revenue - Intuit's fourth quarter adjusted EPS was $2.75, beating the consensus estimate of $2.66 [9] - Intuit's net revenue was $3.83 billion [10] - Intuit sees 2026 revenue of $21 billion to $21.19 billion [10] - Ross Stores' comp sales grew about 2%, in line with expectations but half of the year-ago period [12] - Ross Stores' EPS came in at $1.56, beating the Street's expectation of $1.53 [12] - Workday's second quarter adjusted earnings per share came in above estimate [15] - Workday's second quarter revenue matched estimates [15] - Zoom's second quarter adjusted EPS of $1.53 topped the consensus estimate of $1.38 [23] - Zoom's second quarter revenue was $1.22 billion, slightly beating the expected $1.2 billion [23] - Zoom sees full year revenue of $4.83 billion to $4.84 billion [23] - Zoom's full year free cash flow will be at least $1.74 billion [24] Company Specific News - Workday signed a definitive agreement to acquire Paradox [15] - Paramount Skydance is under scrutiny from House Democrats regarding their merger [19] - Select quote surged after reporting positive adjusted EBITDA in the first quarter [20] - Walmart's profit missed expectations for the first time in three years [25] - Coty shares are down 22%, the worst daily performance since March 2020, after forecasting steep sales declines [27] - Cracker Barrel's stock declined after changing its logo [29]

Meanwhile, the Kansas City Fed economic policy symposium starting officially today in Jackson Hole, Wyoming. Fed chair Jay Powell set to speak tomorrow in this hour. We'll bring you those comments live.Let's get to stem economics reporter Steve Leeman who's in Jackson Hole with more on some of the conversations leading into Powell. Steve, hey Sarah. Yeah, there is definitely talk in the hallways here about the Lisa Cook allegations, but the more important focus for investors is the speech tomorrow by Fed Ch ...

Market Analysis & Trends - Bitcoin is holding above a major support area, with new liquidity building above its price [1] - Bitcoin dominance is pulling back in the short term, leading to a bounce for Ethereum [1] - The US stock market's movements are influencing short-term crypto price action [2][3][4] - A confirmed bearish divergence on the weekly Bitcoin price chart suggests a likely slowdown in bullish momentum, potentially leading to sideways consolidation or a pullback in the coming months [10][11][12] Federal Reserve & Interest Rates - The market is pricing in an approximately 82% probability of a 0.25% (25 basis point) rate cut at the next Federal Open Market Committee (FOMC) meeting in September [6] - The Jackson Hole meeting this week could cause short-term volatility depending on announcements regarding potential rate cuts [5] - A rate cut is generally considered bullish for markets, while no rate cut is bearish [7] Trading Strategies & Opportunities - The analyst closed an Ethereum short position with approximately $7,000 in profits [2][42][45] - The analyst identifies key resistance levels for Bitcoin at around $115,000 and $117,000, with a liquidity area just above $119,000 [20][21][22] - Chainlink is showing strength, with potential for further bullish movement if it confirms a breakout above $27, targeting approximately $2950 to $30 [55][58] Altcoin Analysis - Ethereum is bouncing from a targeted support area between approximately $3,900 to $4,100 [35] - A pullback in Bitcoin dominance is generally favorable for altcoins [34] - XRP has a major bearish divergence on the weekly chart, suggesting a potential slowdown or pullback in the coming months [50][52]

Market Expectations - FOMC (Federal Open Market Committee) 会议纪要偏向鹰派，降低了降息预期 [1] - 首次申请失业金人数是加密货币/降息看涨的关键指标 [1] - 行业关注首次申请失业金人数数据，高于 225,000 (225K) 人将利好加密货币/降息 [1] Economic Indicators - 预计首次申请失业金人数为 225,000 (225K) 人 [1] - 前值为 224,000 (224K) 人 [1]

Market Sentiment and Profit Taking - The market experienced profit-taking, particularly in momentum stocks, suggesting a potential shift in sentiment [1][4] - The momentum factor, driven by names like Palantir, peaked in mid-August, indicating a possible temporary or permanent top [4][5] - An Evercore ISI note suggested a potential 7% to 15% market pullback if the Fed Chair is neutral or hawkish [8] - The market is potentially front-running expectations of a neutral or hawkish stance from the Fed Chair at Jackson Hole [9] Economic Indicators and Fed Policy - The market is pricing in nearly an 80% rate cut in September, but there's a high probability the Fed Chair's words won't align with this expectation [3] - The Fed Chair has been data-driven, considering both inflation and job growth, making a dovish stance unlikely [10] - CPI was cooler than expected, but core CPI was hotter, not showing a clear downward trend in inflation [19][20] - PPI shows the impact of tariffs, while CPI does not, creating a dilemma for the Fed Chair [16][17][22] - A rate cut of 25 basis points is probable, but further cuts later in the year are uncertain [26] Market Performance and Exhaustion - The NASDAQ Composite is up 40% since April 8th, the NASDAQ 100 up 37%, the S&P 500 up 29%, and the equal weight up 22%, indicating significant gains and potential exhaustion [11][12] - The market's strength year-to-date has been driven by momentum names, leading to a modest correction due to exhaustion [7] - Institutional outlook suggests limited optimism for further market gains, with the median S&P target at 6,500, only a 2% increase [14] ETF Rebalancing and Stock Performance - Recent ETF rebalancing saw underperformance in entered momentum names, including software (Data Dog down 10%, Microsoft down 5%) and crypto (Coinbase, Block) [6] - September has historically been the worst month for the S&P, with an average decline of 2% [19]