The Short Leg Of Momentum Has Done All The Work: Here's How To Trade The Dip

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"We could see a further ~5-6% selloff in momentum before the dip in the factor is bought, which has historically worked well." - Goldman


Trump Demands Fed Governor "Must Resign Now" Amid Mortgage Fraud Probe

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Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”

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Housing Market Cracks Widen: Top Siding Company Suffers Worst Stock Collapse In 50 Years

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"Uncertainty is a common thread throughout conversations with customer and contractor partners." 

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Futures Drop For 4th Day As Momentum Unwind Continues

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"This was a textbook case of profit-taking after a powerful tech rally"


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Target Plunges On Leadership Overhaul Amid Struggling Turnaround

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"I'm stepping in with urgency to rebuild momentum..." 


NOAA Issues La Niña Watch For Northern Hemisphere

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"Thereafter, a brief period of La Niña conditions is favored in fall and early winter 2025-26 before reverting to ENSO-neutral." 


Jeanine Pirro Launches DOJ Investigation Into Whether DC Has Been Faking Crime Data

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"D. C. gave Fake Crime numbers to create a false illusion of safety..."


Musk Reportedly Scales Back 'America First Party' Plans In Possible Détente With Trump

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"As he has considered launching a party, the Tesla chief executive officer has been focused in part on maintaining ties with Vice President JD Vance..." 

 


Goldman: Time To Buy Momentum

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...Looking at the last 10 drawdowns...there has been positive performance in the following one week period 80% of the time...


A Cushion Or A Mask - Goldman Sees Road-Bumps In The AI Story As The Biggest Micro Risk

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It is still hard to see the kinds of investment imbalances or margin compression that provided the strongest macro warning signs in the late 1990s tech bubble...


Is A Second Wave Of Inflation Coming?

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There are already reasons to be on the lookout.


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  • European bourses opened lower but have clambered back to the unchanged mark; US futures remain on the backfoot.
  • DXY is flat, GBP digests hot UK CPI, NZD lags after the RBNZ delivered a dovish 25bps cut.
  • RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.
  • USTs underperform into 20yr auction, Bunds bid on German Producer Prices, Gilts initially lagged on CPI but now firmer.

Shanghai Roars, China Tech Snores — The Laggard Trade?

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Will US eat the AI cake alone, or could we see China tech catch up?

Israel Considers Military Recruitment Inside USA As Soldier Shortage Persists

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Coming to a high school near you? 


Is Modern Medicine A Sham?

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We are living in a point in history where so many, if not all, of the foundational pillars of our society are being questioned...


Son Of Norway's Crown Princess Charged With Rape, Other Sexual Offenses

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Hoiby, 28, has been accused of raping four women over the course of six years - which he filmed.


US Doesn't Oppose Israeli Expansion Of Settlements: Amb. Huckabee

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Quds Network describes "death sentence to establishing the Palestinian state"...


General Dubbed 'Hero Of Russia' Critically Wounded In Border Region

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Reports of emergency amputations at military hospital...


The EU's Latest Plan To Stifle Online Privacy Is Terrifying

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The “Chat Control” law threatens to transform the Internet into an even more centrally controlled, surveilled environment. And it could be a legal reality by October...


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APAC stocks traded mixed after a lacklustre performance stateside, where mega-cap tech led the declines. RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.