Market pricing 80% chance of December rate cut; Fed Governor Waller supports December cut but may go meeting-by-meeting; positive US-China developments with Trump-Xi call
Sam Bis
Alex Coffee
Today showed impressive bounceback for AI trade but questions whether leadership is changing from Nvidia to Alphabet
Alphabet rallied without Nvidia today, showing rotation in tech leadership; watching Baidu earnings for Chinese economy exposure and Dell for AI server shipments
Sam Bis
Alex Coffee
Focusing on tomorrow's retail sales and PPI data for inflation picture
Tomorrow's data will provide more information on inflation trend and implications for December rate cut