ZH: CEOs discussing Fed policy on Earnings calls soars to record
ZERO HEDGE reports: The July FOMC meeting confirmed Powell and company are inching closer and closer to embarking ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
ZERO HEDGE writes:
US futures are flat, with European and Asian stocks red, as concern about local government debt in China and hawkish language from a US central banker put traders in a risk-off mood. Meanwhile, in the latest diplomatic fiasco from Joe Biden, the US president blasted China’s economic problems as a “ticking time bomb” and referred to Communist Party leaders as “bad folks,” his latest barb against President Xi Jinping’s government even as his administration seeks to improve overall ties with Beijing. As of 7:45am ET, S&P futures were flat while Nasdaq 100 futs were down 0.1%. Treasurys yields are 1-4bps lower led by the front-end with 10Ys at 4.10%; the USD reversed an earlier gain and was last trading near session lows. Commodities are mixed with oil reversing earlier losses and following gold higher. Today, the macro focus will be PPI and U of Mich survey: the Street expects PPI to print 0.2% MoM vs. 0.1% prior, while U of Mich Consumer Sentiment is expected to drop to 71.3 consensus from 71.6 prior…
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