Two important events will mark the week. On Wednesday, NVDA will publish its earnings, where Wall Street expects $28.7Bn in sales, cementing the hype on AI. On Friday, the favorite inflation indicator for the Fed, PCE wil be published, with an expectation of 2.6% prices growth, still not quite where the Fed wants it to be, but perhaps close enough to the goal to start easing. The odds for a cut in September are: 62% probability of 25 bps cut and 38% for a 50 bps cut. The U.S. dollar index keeps weakening, gold keeps trending higher and, as you can see below, credit yields, both IG and HY keep going down.
Want to know more? join Fund@mental here https://www.myfundamental.net
#iamfundamental #soyfundamental #wealthmanagement #familyoffice #financialadvisor #financialplanning
Kommentare