Issued at 2100 UTC SAT AUG 24 2024
Day: August 24, 2024
Kamala Gives Full-Throated Defense of Israel in DNC Speech, Says She’s Prepared to Fight Iran
by Chris Menahan, Information Liberation: Vice President Kamala Harris gave a full-throated defense of Israel at the Democratic National Committee on Thursday, pledging that she will “always stand up for Israel’s right to defend itself” and “always ensure Israel has the ability to defend itself” with US supplied weaponry. Harris pushed the “Hamas mass rape […]
Powell Pivot Sparks Buying Panic In Bonds, Bitcoin, & Bullion As Dollar Dumps To 2024 Lows
Powell Pivot Sparks Buying Panic In Bonds, Bitcoin, & Bullion As Dollar Dumps To 2024 Lows
With seven little words, Fed Chair Powell unleashed some chaos today as he confirmed “time has come for policy to adjust” and rate-cut expectations adjusted dovishly (though we note they were pretty much fully priced for this after the Minutes).
September rate-cut expectations rose to 32bps (so around a 1/3rd chance of 50bps, 2/3 chance of 25bps)…
Source: Bloomberg
2024 rate-cut expectations lifted to 104bps (just over 4 full cuts – well above the single-cut according to The Fed’s Dot-Plot) and 213bps thru the end of 2025…
Source: Bloomberg
Gold, bonds, and stocks rallied while the dollar tumbled…
Source: Bloomberg
The instant bid in stocks only really held in Small Caps…
…thanks to a huge short-squeeze…
Source: Bloomberg
The dollar crashed to 2024 lows…
Source: Bloomberg
Treasury yields tumbled, led by the short-end today (2Y -10bps, 30Y -2bps) and down 14bps on the week…
Source: Bloomberg
The 2Y yield snapped back below 4.00% and the curve (2s30s) pushed notably steeper…
Source: Bloomberg
Bitcoin blasted off on the Powell headlines, setting the scene for the big short-squeeze we have discussed and testing $64,000…
Source: Bloomberg
Crude oil prices also surged, bouncing further off those early August lows…
Source: Bloomberg
Finally, we note that five of the six Powell Jackson Hole speeches saw the S&P 500 drop 7.5% on average in the next three months…
Source: Bloomberg
…and The Fed will begin cutting rates with the MSCI All-World Stocks Index at an all-time record high!!!
So brace!
Tyler Durden
Sat, 08/24/2024 – 16:00
Documented: New evidence that Shroud of Turin dates to time of Jesus
from WND: Study concludes mysterious linen cloth, believed by many to be burial cloth, is 2,000 years old The Shroud of Turin, a mysterious linen cloth with a haunting image of a crucified man, believed by many to be the burial cloth of Jesus, is a 2,000-year-old relic, a new study reveals. That would make […]
BREAKING: ISIS claims responsibility for deadly mass stabbing attack in Germany
On Friday, a mass stabbing took place in the German city of Solingen, leaving three people dead and several more critically injured. According to the US Sun, the attack has been claimed by ISIS. The suspect reportedly yelled “Allahu Akbar” during the mass stabbing attack. Police have arrested a 15-year-old who may have known about it…
Democrat Pollsters Warn They Could Be in Trouble: ‘Something’s Gonna Happen in 2024…Don’t Know What’
Democrat Party pollsters are warning that they could be in trouble, as their polling has been less reliable than usual in recent elections.
The post Democrat Pollsters Warn They Could Be in Trouble: ‘Something’s Gonna Happen in 2024…Don’t Know What’ appeared first on Breitbart.
TROPICAL STORM HONE
Canada’s Conservatives Push Back Against Digital Dollar Plans
by Didi Rankovic, Reclaim The Net: A legislative effort is underway in Canada to enact a ban on a central bank digital currency (CBDC) in the country. Bill C-400 (Framework on the Access to and Use of Cash Act), spearheaded by the Conservatives, aims to prevent the creation of a CBDC and ensure that cash […]
Tropical Storm Hone Public Advisory
…TROPICAL STORM HONE CONTINUES CHURNING WESTWARD TOWARD HAWAII… …TROPICAL STORM WARNING REMAINS IN EFFECT FOR THE BIG ISLAND…
As of 8:00 AM HST Sat Aug 24
the center of Hone was located near 17.6, -152.6
with movement W at 15 mph.
The minimum central pressure was 998 mb
with maximum sustained winds of about 65 mph.
Two astronauts from flawed Boeing mission to return to Earth with SpaceX: NASA
Two US astronauts who arrived at the International Space Station aboard Boeing’s Starliner will have to return home with rival SpaceX, NASA said Saturday. “NASA has decided that Butch and Suni will return with Crew-9 next February, and that Starliner will return uncrewed,” NASA administrator Bill Nelson told reporters. The return of Barry “Butch” Wilmore […]
The post Two astronauts from flawed Boeing mission to return to Earth with SpaceX: NASA appeared first on Insider Paper.