@morganlee

U.S. stocks have been open for over an hour, with the Nasdaq leading, followed by the S&P, and then the Dow Jones and Russell 2000. Gold is slightly down, and the 10-year Treasury yield is up. The main focus is tonight’s PPI data, which is expected to positively impact inflation and corporate profits, although it also increases rate cut expectations. CME data shows a 54.5% chance of a 50 basis point rate cut in September. Current positive sentiment in U.S. equities hasn’t yet extended to the crypto market. If risk sentiment in equities improves, the crypto market might see some gains overnight or at the close, though likely limited. Tomorrow’s CPI data remains crucial.

0 reply

0 recast

0 reaction