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It’s axiomatic on the sales and marketing side of life that you sell the sizzle, not the steak. That’s not so much because everyone involved in those pursuits is lightweight or dishonest, it’s because of human nature. For most people, the steak bores, the sizzle entices. If a businessperson doesn’t want to go broke, they […]
[Yahoo/Bloomberg] Stocks Gain as Traders Assess Rates, China Support: Markets Wrap [Yahoo/Bloomberg] China Markets Rally as Authorities Take Steps to Lift Sentiment [Yahoo/Bloomberg] Emerging-Market Rally Runs Into Doubts Over China and Fed Policy [Yahoo/Bloomberg] Oil Steadies as China Stimulus Moves Vie With Demand Concerns [Reuters] Powell signals no retreat, no surrender [Reuters] Post-pandemic, world facing […]
[Yahoo/Bloomberg] Powell Has Bond Traders Right Where He Wants Them: Full of Doubt [CNBC] Labor unions are pushing hard for double-digit raises and better hours. Many are winning [Reuters] Fed’s Mester sees another rate hike, says rate cuts may have to wait [Reuters] Analysis: U.S. growth, a puzzle to policymakers, could pose global risks [CNBC] […]
Keep Your Eye on the Ball This week’s highlights feature both weak and weaker-than-expected economic data in the US and around the globe. Consumer sentiment dropped, mortgage rates jumped to their highest level since 2001, and another credit ratings agency (S&P Global) followed Moody’s lead and slapped downgrades on a slew of US banks. One […]
[Reuters] Wall St Week Ahead Historically stormy month of September may test US stock rally [Reuters] No appetite at Fed, ECB for changing inflation goal [Reuters] Large US homebuilders raise prices as existing home supply remains tight [Yahoo/Bloomberg] Charting the Global Economy: Euro Area Activity Retrenches [Reuters] South Korean protesters call for government action on […]
While economists won’t ratchet Q3 growth estimates up to match the Atlanta Fed GDPNow’s 5.9%, forecasts will be moving higher. The Unemployment Rate is expected to remain unchanged for August, near a multi-decade low 3.5%. August Services PMI data point to some cooling, while stronger-than-expected (17-month high) New Home Sales data (July) suggest construction will […]
[Yahoo/Bloomberg] Stocks Set for Weekly Gain as Traders Await Powell: Markets Wrap [Yahoo/Bloomberg] Oil Pares Second Weekly Decline Before Powell Speaks on Economy [Dow Jones] Powell and Lagarde Speeches on Tap at Jackson Hole; U.S. Mortgage Rates Hit Highest Level Since 2001 [Yahoo/Bloomberg] Private Equity Turns to Left-Field Finance to Get Deals Done [Yahoo/Bloomberg] China […]
