China cannot be the engine that global economies have relied upon if its goals have shifted back toward pulling power away from even its own leading businesses.
Ahead of Jackson Hole, the Fed knows QE is doing more harm than good.
Doesn't the Fed now have to taper asset purchases simply to avoid becoming an even greater force in these markets?
The Russell 2000 is now down not just back-to-back sessions, but six sessions in the last eight with all six of those "down" days having given up 0.9% or more.
If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.
Plus, checking the post-earnings reactions of Salesforce.com, Costco, Ulta Beauty and Veeva Systems.
There's absolutely no good reason for the Fed to still be supporting the mortgage market and there hasn't been for quite some time.
I am not looking for a bull move with Replay Acquisition, despite its pending deal to bring Finance of America public.
If rates are going to keep rising from here, both of these things need to happen.
Plus, we check in on Peloton and Datadog and the Nasdaq Composite Index.