Market Overview - Global equities experienced an increase as expectations for a Federal Reserve rate cut solidified following disappointing U.S. job data [1] - The Labor Department reported that U.S. job growth was overstated by 911,000 over the past year, indicating a longer-term decline in labor market momentum [2] - Markets are fully pricing in a 25-basis-point Fed cut on September 17, with an increased likelihood of a half-point move due to the employment data [2] Interest Rates and Treasury Yields - Two-year Treasury yields are around 3.55%, while 10-year yields have risen to 4.09% [2] - The Federal Reserve is expected to cut interest rates next week despite inflation remaining around 3%, which is above the target [4] Commodity Markets - Gold reached a record high of $3,673.95 per ounce before a slight pullback, with prices rising again early on Wednesday [2] - Global oil benchmarks increased following military actions in the Middle East, with Brent crude trading near $67 and WTI above $63 [2] European Market Dynamics - Europe's STOXX 600 index rose slightly, driven by strong sales momentum from Spanish fast-fashion giant Inditex [2] - French bond yields remained stable after the appointment of Sebastien Lecornu as prime minister, indicating continuity in pro-business reforms [2] Geopolitical Events - Poland's military engagement in response to Russian attacks marks a significant escalation in NATO's involvement in the conflict [4] - U.S. President Donald Trump's call for EU tariffs on China aims to exert pressure on Russia, reflecting ongoing geopolitical tensions [4]

Company Performance - Lululemon shares are down 20% following a weak quarterly earnings report and a lowered outlook, citing difficulties due to tariffs impacting overseas manufacturing [5][7] - Broadcom shares are up 7% after reporting a 63% growth in AI sales and signing a $10 billion deal to supply AI chips to an unnamed customer, with shares up 109% from their closing low this year [5][7] Employment and Economic Indicators - The August jobs report revealed only 22,000 new jobs created, with the unemployment rate remaining at 4.3%, indicating a weakening jobs market [3][4] - Manufacturing jobs declined by 12,000 for the month and 78,000 for the year, despite companies planning significant investments in U.S. facilities [8] Market Trends - The upcoming Producer Price Index and Consumer Price Index reports are anticipated to provide insights into inflation trends, which are crucial given the current economic conditions [4][6] - The volatility in bond yields is noteworthy, with the 30-year yield recently nearing 5% before retreating to 4.78%, indicating market uncertainty [9]

The reversal is looking better every single day. When we are looking at the market right now on the daily, it doesn't look all that good because we still have a lot of old coins that are down like XDC, HAR, Onondo, XLM, and many others. However, we are still seeing a big bounce across the board for a few old coins.And we're seeing still Ethereum and Bitcoin trying to bounce back from the lows as well. Uh, currently speaking, Bitcoin hovering around almost 112K still. Ethereum around 4,400.XRP around $2.84% ...

UPDATE:🇺🇸 Markets are still pricing in an 81% chance of a Federal Reserve rate cut in September. https://t.co/mvcFRaCich ...

Interest Rate Expectations - Markets are pricing in an 85% chance of a Federal Reserve rate cut in September [1]

Group 1 - The article discusses the financial sector and highlights the author's extensive experience in journalism and reporting, particularly in the financial domain since 2007 [3] - It emphasizes the importance of accuracy in financial reporting, although it notes that complete accuracy cannot be guaranteed [4] Group 2 - The author has a diploma in journalism and has covered various topics, including politics and finance, indicating a well-rounded background in reporting [3] - The article serves as an informational piece rather than a solicitation for financial transactions, clarifying its purpose [4]

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Elon Musk’s SpaceX Bitcoin holdings are now valued at over $1 BILLION.🔹 Tron founder Justin Sun files a lawsuit against Bloomberg seeking to prevent disclosure of his "highly confidential, sensitive, private, and proprietary financial information.”🔸 Bitcoin surpasses Google in market cap, making it the 5th largest asset in the world.🔹 Google Play introduces a policy requiring crypto wallet apps to meet specific licensing rules in 15 jurisdictio ...

Market Performance & Indices - NASDAQ 100 and the composite indices reached record highs [2] - S&P 500 missed a new record by 18 or 28 cents [2] - The Dow increased by 1 and a third percent for the week [2] - NASDAQ was up almost 4% [3] Sector & Stock Movements - Tech sector led gains, up almost 1%, followed by financials and healthcare [3] - Utilities and real estate sectors posted losses for the day due to interest rate sensitivity [3] - Apple increased by 4 and a quarter percent, Alphabet up 2 and a half percent, and Tesla up over 2% [4] - UnitedHealth was up 2 and a half percent, while McDonald's slid about three-quarters of a percent, and IBM was down about 1 and a half percent [5] - Uber decreased by 3%, while FedEx and United Airlines both increased by about 1 and a half percent [6] - Micron increased by about 6%, while Microchip decreased by 6 and a half percent, and Super Micro decreased by about 4% [6] Economic Factors & Tariffs - Tariffs are expected to slow things down, with about two-thirds of the Liberation Day tariffs going into effect [10] - Inflation remaining stubbornly above 3% on CPI, coupled with a weakening consumer and labor market, could lead to a 10% to 20% correction [15] - Effective tariff rates are expected to increase by another 8% based on announced deals [23] Pharmaceutical Sector - Eli Lilly's stock decreased after the Orphaglyron attain one study showed 11-12% weight loss at 72 weeks, lower than the expected 14% [50] - Eli Lilly raised its full-year guidance, driven by Mangaro and Zetbound performance in the US and XUS [52] - Gilead is innovating in the convenience space with a twice-yearly injection for HIV prevention [60]

Industry Overview - The U.S. manufacturing sector is showing signs of recovery after a prolonged downturn, with new orders for manufactured goods increasing by 8.2% in May compared to a revised 3.9% decline in April, and a year-over-year increase of 3.2% [3][4] - The rebound in manufacturing activity is supported by easing inflationary pressures and expectations of Federal Reserve rate cuts, which are anticipated to boost demand [1][6][11] Manufacturing Activity - The Institute of Supply Management's manufacturing PMI rose to 49 in June from 48.5 in May, indicating a continued contraction but a rebound from a six-month low [5][6] - Manufacturing activity accounts for 10.2% of the U.S. economy, highlighting its significance [5] Stock Recommendations - Four stocks from the manufacturing sector are recommended for investment: Allegion plc (ALLE), AptarGroup, Inc. (ATR), Broadwind, Inc. (BWEN), and DXP Enterprises, Inc. (DXPE), all of which have strong earnings growth prospects and Zacks Rank of 1 (Strong Buy) or 2 (Buy) [2][11] Allegion plc (ALLE) - Allegion is a global provider of security products and solutions, with an expected earnings growth of 3.9% for the current year and a Zacks Rank 2 [8][9] AptarGroup, Inc. (ATR) - AptarGroup specializes in innovative dispensing and packaging solutions, with an expected earnings growth of 4.1% for the current year and a Zacks Rank 2 [12][13] Broadwind, Inc. (BWEN) - Broadwind is a precision manufacturer focused on clean tech, particularly in the U.S. wind energy sector, with an expected earnings growth of 60% for the current year and a Zacks Rank 2 [14][15] DXP Enterprises, Inc. (DXPE) - DXP Enterprises is a distributor providing innovative solutions to industrial customers, with an expected earnings growth rate of 17.5% for the current year and a Zacks Rank 2 [16][17]

Employment & Economic Growth - The US economy added 147,000 jobs in June, exceeding expectations [1] - The unemployment rate slightly decreased to 4.1% [1][4] - Average hourly earnings show a 3.7% growth over the past year, indicating compensation for employed individuals [2][11] - The first quarter GDP number came in at 0.5%, indicating a not strong but not weak economy [15] Sector Performance - State government jobs were a significant driver of job growth, contrasting with weaker private sector job growth [3] - The healthcare sector, including residential care facilities and nursing homes, consistently drives employment [6] - Federal government jobs decreased by 7,000, totaling 69,000 cuts so far [5] - Mining, quarrying, manufacturing, and wholesale trade experienced little change, aligning with expectations given trade policy uncertainty [7] Monetary Policy & Consumer Behavior - The possibility of a Federal Reserve rate cut next month decreased from 25% to approximately 2%, suggesting a relatively strong economy [8] - Wage growth was slightly below expectations at 0.2% compared to the expected 0.3% [10] - There's a bifurcation in the labor market, with employed individuals experiencing decent wage growth, while recently unemployed or graduated individuals face some weakness [12] - Consumers are saving more, potentially slowing down spending and economic activity [13][14]