🐉 China is crushing EV sales

😰 While the west trembles in anticipation of tomorrow's CPI

If you’re an investor and you start hearing about rumblings in the forex market, it’s rarely good news. The Japanese Yen spiked 10%+ in the past month and rattled global markets this week.

Sunday, we explained how the Forex market works and showed readers exactly what’s happening in Japan.

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📰 Market Headlines

  • Wall Street wobbled yesterday as investors brace for tomorrow’s CPI report, with tech leading modest gains.

    • The Nasdaq rose 0.2% while the Dow fell 0.4%, with Nvidia's 4% jump driving the tech sector higher.

  • Global EV sales increased by 21% in July, with China's sales rising 31% year-on-year, despite declining demand in Europe.

  • Former President Trump returned to X (formerly Twitter) in preparation for an interview with Elon Musk.

    • Truth Social share price dropped 5% in response.

    • It didn’t go particularly well.

  • SpaceX is under fire after Texas regulators found repeated water pollution violations at its Starbase facility.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

What you had to say:

“Unfortunately, to get rid of high inflation we need high unemployment. Our government inserted too much free cash into our economy over the last 4-5 years and it caught up with us.”

📈 Trends you need to know

CPI forecasts for tomorrow are 3.2% YoY. I think they’ll come in a bit below that. Kalshi says around 2.9%

🧠 What do you think?

Time for another terrifying, exciting CPI report

Tomorrow's CPI will come in

Login or Subscribe to participate in polls.

📊 Stocks

Get $20 free shares at ​public.com​ using code ALTSCO.

Winners and losers

Earnings, upgrades, and acquisitions

  • Rumble Q2 results showed sequential revenue growth of 27%, pushing share price up 4.7%.

Market movers

  • Meta and Universal Music expanded their licensing agreement, enabling users to share songs without violating copyright.

  • TikTok introduced group chats for up to 32 people, challenging WhatsApp and Apple Messages.

  • Blink Fitness filed for Chapter 11 bankruptcy to enable a sale while keeping its 100+ locations open.

  • The UK's CMA launched an inquiry into Synopsys' $35 billion Ansys acquisition.

  • Johnson & Johnson reportedly secured enough support for its $6.5 billion talc settlement.

Ideas, trends, and analysis

  • The US federal deficit grew 10% to $244 billion in July, with debt service costs up 21%.

  • US utilities are set to gain from data center growth, driving 25% of economic development through 2028.

  • US colleges are struggling with debt, with 15 institutions disclosing defaults this year, close to 2023's record.

Recommended Newsletter

🌍 Global Perspectives

  • 🇨🇳 China revealed a plan to hit 25% clean energy by 2030.

  • 🇰🇷🇺🇸 South Korea and the US kicked off annual drills against North Korea with 19,000 troops.

  • 🇬🇧🇮🇷 UK Prime Minister Keir Starmer urged Iran to avoid attacking Israel during a call with President Pezeshkian.

  • 🇺🇸🇨🇦 Sikh activists in the US and Canada faced rising threats after Trudeau linked a leader’s killing to India.

📊 Crypto

  • Ethereum led crypto inflows, capturing 88% of the $176 million total last week.

  • Marathon Digital announced plans to sell $250 million in convertible notes to expand its 20,800 BTC holdings.

  • The SEC sued NovaTech for a $650 million crypto fraud targeting Haitian Americans.

🧠 Errata

  • A third death in the multistate listeria outbreak linked to Boar's Head deli meat has led to a massive recall.

  • Two polar bears fatally attacked a worker at a remote radar site in the Canadian Arctic.

  • Excavators in Pompeii uncovered two more eruption victims alongside hidden gold treasures.

  • A 4.4 magnitude earthquake jolted Los Angeles but caused no injuries or major damage.

📺 What to Watch Today

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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