Macroeconomic Factors - Expectation of 3 or more Federal Reserve rate cuts [2] - Federal Reserve is anticipated to end its Quantitative Tightening (QT) program [2] - Treasury is expected to implement Quantitative Easing (QE) through bond buying [2] Crypto Market Liquidity - Stablecoin liquidity is projected to exceed $300 billion [2] - Money-market funds hold $7.4 trillion [2] Regulatory and Product Approvals - Anticipation of Clarity Act approval [2] - Expectation of over 90 crypto Exchange Traded Products (ETPs) approvals [2] - Potential approval of ETH ETF staking [2]

Core Viewpoint - The US stock market is experiencing a strong rally, driven by positive earnings, steady economic conditions, and expectations of Federal Reserve rate cuts, although Goldman Sachs has identified potential risks that could impact stock prices [1][2][5]. Economic Conditions - The US economy is perceived to be in a favorable position, with resilient growth and signs of weakness in certain sectors, such as the job market, which may allow for interest rate cuts by the Fed [2][5]. - August inflation data met economists' expectations, maintaining optimism for future rate cuts [3]. Market Risks - Goldman Sachs highlighted two primary risks that could hinder the stock market's upward momentum: concerns about a potential recession and a possible reduction in expectations for Fed rate cuts [5]. - The market has been buoyed by weak job growth and slowing manufacturing activity, which have supported the case for rate cuts, but this situation could change rapidly [6]. Recession Concerns - There is an ongoing concern about a potential recession, although investors have largely dismissed these risks, with the market-implied US forward growth rate estimated at around 1.6%, indicating expectations for growth near historical norms [7]. - A continued weakening in the job market could shift investor sentiment, especially if the unemployment rate rises sharply, which would prompt the market to anticipate earlier rate cuts and put pressure on equities [8][9].

Clearly, corporate America is expecting Fed cuts here, and it seems like we're all but certain we're going to see 25 basis points next Wednesday. But it's all about the messaging, isn't it. What tone do you expect that Jerome Powell will actually take at the press conference.I think he can get a good idea on the tone about the way they signaled the policy action. Chair Powell essentially told us that they would ease at his speech in Jackson Hole, but he wasn't really that explicit. Why.Because probably he h ...

Group 1: Federal Reserve and Labor Market - Recent historic downturn in the US labor market may prompt the Federal Reserve to lower interest rates, creating a favorable environment for assets like Bitcoin [1][2] - The labor market revision was more severe than during the 2008 financial crisis, indicating notable weakness and justifying a shift in the Fed's focus from inflation to employment [2] - Analysts project three expected Fed rate cuts before the end of the year, likely increasing investor appetite for risk assets [2] Group 2: Crypto Market Dynamics - A rotation in institutional capital is evident, with significant fund flows moving into spot Ether ETFs while Bitcoin funds experienced minor outflows, indicating growing investor confidence in the broader digital asset ecosystem [3] - XRP exceeded $1 billion in open interest, demonstrating strong institutional demand despite the absence of a US spot ETF product [4] - Bitcoin's realized volatility has declined to record lows, attributed to the launch of spot ETFs and the rise of strategies like covered calls, indicating a maturing market structure [5]

The initial public offerings (IPOs) market started gaining momentum in 2024. There were 150 IPOs in the U.S. market in 2024, raising $29.6 billion, per a Renaissance Capital article. However, in spite of a more than 50% increase in proceeds compared to 2023, deal flow was still tepid by historical standards, the article indicated.However, the year 2025 has shown signs of a rebound. The market is now set to recommence in the fall as the initial phase of the year was marred by tariff-led worries, per another ...

Company Overview - Braze utilizes AI technology to enhance its customer engagement platform, creating personalized content and recommendations for optimal marketing results [1][2] - The platform is designed for multi-channel marketing, focusing on customer conversations rather than just sales, facilitating a smoother transition from information to purchase [3] Financial Performance - In fiscal Q2 2026, Braze reported revenues of $180.1 million, a 24% year-over-year increase, exceeding estimates by approximately $8.5 million [8] - The company achieved a non-GAAP EPS of 15 cents, which was 12 cents higher than expected [8] Market Position and Growth Potential - Braze serves 2,422 enterprise customers, reaching 7.4 billion daily active users, and processed over 3.9 trillion messages last year [7] - Analysts view Braze as a strong buying opportunity, with a price target of $52 indicating a 73% upside potential [9] - The stock currently trades at $30.08, with an average price target of $43.07 suggesting a one-year gain of 43% [9]

Market Overview - The S&P 500, Dow Jones Industrials, and Nasdaq 100 all reached new all-time highs, supported by the August CPI report and a rise in weekly jobless claims [2][3] - The 10-year T-note yield fell to a 5-month low of 3.99%, influenced by the weaker labor market data [3][6] Economic Indicators - US weekly initial unemployment claims rose by 27,000 to 263,000, marking a 3.75-year high, contrary to expectations of a decline [3] - August CPI increased to 2.9% year-over-year, aligning with expectations, while CPI excluding food and energy remained at 3.1% [3] Federal Reserve Expectations - Markets are pricing in a 100% chance of a 25 basis point rate cut at the upcoming FOMC meeting on September 16-17, with a 12% chance of a 50 basis point cut [4] - An overall reduction of 73 basis points in the federal funds rate is anticipated by year-end, bringing it down to 3.60% from the current 4.33% [4][6] International Markets - European and Asian stock markets are also experiencing gains, with the Euro Stoxx 50 up 0.47%, Shanghai Composite up 1.65%, and Japan's Nikkei Stock 225 reaching a new all-time high [5] Company Movements - Micron Technology's stock rose over 9% after Citigroup raised its price target to $175 from $150 [11] - Home builders and suppliers saw gains due to lower mortgage rates, with Builders FirstSource up more than 5% [12] - Centene's stock increased over 12% after forecasting full-year adjusted EPS of $1.75, exceeding consensus expectations [12] - Red Cat Holdings surged over 25% following the approval of its Black Widow system for NATO [13] - Avidity Biosciences' stock fell over 19% after announcing a $500 million public offering [15]

JUST IN: 🇺🇸 Traders now betting on 4 straight Fed rate cuts through January. 📉 https://t.co/YGiqxH4WHw ...

Core Viewpoint - The recent poor job numbers indicate a cooling economy, which increases the likelihood of substantial Federal Reserve rate cuts that are generally bullish for the market [1] Group 1 - Poor job numbers suggest a weakening economic environment [1] - Anticipation of significant Federal Reserve rate cuts due to economic conditions [1]

The Trump administration’s call for steep Fed rate cuts, coupled with the prospect of higher short-term US debt issuance, risks disrupting the Treasury market and could end up driving longer-term borrowing costs higher, according to Carlyle https://t.co/LLp1WlxmEv ...