It's crazy how different the market can look in just 24 hours. I made a video last night talking to you guys about why we need to listen up to when Jerome Powell speaks and this is exactly why. There was a Jackson Hole conference today with Jerome Powell and I said that it was going to be a very big conference to tap into because what's being said at these conferences and when Jerome Powell speaks the market listens and if we look at the market today we could see that it was a very good conference.In fact, ...

Did the market overreact to the Fed news today. The market's been trained, the stock market's been trained to rally whenever the Fed tells you they're going to cut interest rates. It's just that coming in, didn't we.Oh, I I agree. We're we're sort of rallying again on the possibility of rate cuts. We've been pricing into rate cuts for months now.So, but Jay Powell basically Goldman Sachs is at like I think three rate cuts. I don't understand why the market reacted this way when everybody and maybe everybody ...

Market Performance & Trends - The Russell 2000 showed significant gains, hovering around 4% higher after traders digested comments from the Fed Chair [2] - The Dow Jones Industrial Average was up 19%, or 846 points, closing at 45631, nearing a record not seen since December [7] - The S&P 500 increased by 15%, closing at 6466, although off its highs for the day [7] - The Nasdaq was up 19%, driven by tech stocks [7] - The KBW Bank Index surged by 32%, reaching its highest close since 2022, influenced by signals from Jay Powell regarding potential rate cuts [9][10] - Most sectors were in the green, with consumer staples being an exception [8] Federal Reserve & Interest Rates - The market reacted strongly to Fed Chair Jay Powell's speech, with stocks moving into positive territory [2] - The speech was heavily scrutinized for its implications on the dual mandate and the Federal Reserve's future economic actions [4] - Markets may be overly optimistic about potential rate cuts in September, as the speech contained hawkish elements and emphasized the need for labor market cooling without signaling urgent action [23] - The 10-year Treasury yield dropped significantly, more than 10 basis points, finishing the day at 369, following the Fed Chair's speech [22] Company Specific News - Intel shares surged, up 56%, following the announcement of a potential 10% equity stake by the US government [12][13] - Apple shares hit session highs after reports of discussions to use Google Gemini for Siri's voice assistant [13] - Intuit was the biggest decliner in the S&P 500, down about 51%, after a tepid forecast overshadowed a strong fourth-quarter report [16][17] - Workday shares declined, down about 14% year to date, as investors were disappointed by unchanged subscription revenue guidance [18][19] - The Weekend is negotiating $1 billion in financing backed by his music rights, including $500 million in senior debt, $250 million in junior debt, and $250 million in equity [31]

Monetary Policy Stance - The Federal Reserve (Fed) was in a wait-and-see mode regarding the impact of tariffs, but recent data suggests a muted impact, potentially leading to rate cuts [2] - The Fed perceives no signs of tariffs causing inflation expectations to become unanchored, viewing it as a one-off event rather than an ongoing inflationary cycle [3] - The speaker suggests Chair Powell is ready to start moving in September [3] - There was a debate within the committee about the luxury of waiting longer, possibly influenced by the August 1st payroll report [4] Inflation and Tariffs - Data suggests a more muted inflation impulse from tariffs, with some tariffs being negotiated down [5][6] - The initial tariff concerns from April, anticipating widespread increases of 20-30%, have subsided [6] - The slower impact of tariffs over time makes the Fed more comfortable that inflation expectations will remain anchored [7] Inflation Expectations - Inflation expectations are considered crucial in monetary policy, but the right measure is unclear, with options including Treasury Inflation Protected Securities (TIPS), consumer surveys, and business surveys [9] - The Fed has wiggle room in choosing which inflation measure to emphasize [10] - Despite past concerns about transitory inflation, people continue to believe the Fed regarding inflation expectations [10][11] Labor Market - Revised data suggests the labor market has been weakening [2][7] - Weakening labor market data supports the idea of bringing rates down [7]

Ethena's entire mechanism is designed for lower rates.I remember asking Guy ab this in our pod with Arthur Hayes earlier this year, and I'm sure they have been waiting patiently for this moment as a team.Perpetually salty that our fund missed this early stage deal last bear, probs the biggest miss for us.Oh well, ticker is $ENA and this is the new era of DeFiG | Ethena (@gdog97_):During the last rate cuts in Q4'24 we saw funding benchmarks widen as a spread to tbills from ~0% to more than 20% in the space o ...

Today, Bitcoin climbs after Fed Chair Jay Powell indicated that conditions may warrant rate cuts. Crypto exchange Gemini secures a license to operate in the EU. And speaking at the Wyoming blockchain symposium, Kraken's Jonathan Yahim explains how regulatory advancements for digital assets in the US are impacting the crypto exchange.[Music] Welcome to CNBC's Crypto World. I'm Mackenzie Sagalos. Crypto prices and stocks are jumping to end the week after Fed Chair Jay Powell suggested a possibility of rate cu ...

💥BREAKING:🇺🇸 President Trump says Fed Chair Jerome Powell is “too late” with rate cuts:“He should have cut them a year ago.” https://t.co/TTHFmjoTfy ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)📊 Crypto stocks jumped after Fed Chair Powell signaled rate cuts could come as soon as next month: Circle +9%, eToro & Marathon +6%, Coinbase +5%, MicroStrategy +4%, Robinhood +3%.@SamEwen brings you "Chart of the Day," presented by @cryptocom. https://t.co/tPI9VI89Kx ...

Let's dig deeper into how the markets are processing all these headlines from Chair Powell's speech. Joining us with his takeaways is Rosenberg Research founder and president David Rosenberg. Were Were you surprised to hear Powell much more open today to the policy pivot and the September cut.Well, if you would have asked me uh a few days ago, uh I would have been surprised. But then I gave a a good second look at the FOMC minutes uh that had come out from the last meeting. And what was really important uh ...

Powell's dovish tone at Jackson Hole today, and his insinuation that rate cuts are imminent, means only one thing:memecoins are about to go full-blown parabolic#USELESS coin has consistently been the fastest horse and the best proxy for betting on risk for months nowit also just secured Coinbase and a series of CEX listings — unlocking significant liquidityeverything looks primed for $USELESS to commence its next leg up and start the mother of all ralliesare you ready?Brodie Capital (aka 'Useless Cap') (@Br ...