90-Day Timeout: Powell, Xi, & the Core CPI Curveball

😎 Market Vibes

Another Tuesday, another batch of economic data that has Wall Street doing backflips. CPI came in cooler than expected, Fed cut dreams are alive and kicking, and Tesla's doing Tesla things again. Meanwhile, Trump and Xi decided to play nice for another 90 days because apparently trade wars are exhausting even for them.

Buckle up - here's what’s moving markets 👇

⏳ Tariffs on timeout

• 📊 July CPI chills at 2.7% - Cooler than expected, July CPI is giving Wall Street a much-needed iced latte and fueling dreams of a gentler Fed. Rate-sensitive stocks are already popping bottles.

• 🔥 Core CPI hits 3.1% - Services inflation still out here doing cardio, with healthcare, airfares, and rents keeping the heat on. Powell can't hit "mission accomplished" just yet.

• 🏦 Rate-cut odds blast to 90% - Traders are betting hard on a September cut, and bond yields are already tucking in for a post-summer nap.

• 🚗 Tesla's rally continues - TSLA is pushing higher as retail traders pile back in like it's the glory days. Meanwhile, anyone betting against Elon is getting torched once again.

• 🌏 US-China trade truce extended 90 days - Trade truces with China are on hold while both sides pretend they're best friends. Don't get comfy though… the clock's already ticking toward the next headline scare.

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💸 Trade Talk

The Fed's got one foot out the door on rate cuts, but don't sleep on that sticky core CPI. Services inflation is like that friend who never leaves the party - still hanging around at 3.1% when everyone wants it gone. September's looking like rate cut city, but one hot jobs report could flip the script faster than Elon's mood on Twitter.

🧠 Big Brain Energy

Stat of the Day: Footwear prices jumped 1.4% in July - the largest monthly increase since April 2021. Because apparently your sneaker game just got 1.4% more expensive thanks to tariffs.

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🧨The Outrage Meter

Today's Absurdity: BigBear.ai just faceplanted ~30% after slashing its revenue outlook, citing "macro headwinds" - Wall Street speak for "nobody's buying our stuff fast enough." Investors who were banking on moonshot growth just got a reminder that not every AI ticker gets the Nvidia treatment.

🤔What Do You Think?

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