Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- What the Fed is saying about inflation and interest rate policy
- What ECB President Mario Draghi could say at Jackson Hole
- Apple's Hollywood invasion
And more!
So check out these links right now and get up to speed:
1) Wall Street Banks Warn Downturn Is Coming (Bloomberg)
HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.
Analysts at the Wall Street behemoths cite signals including the breakdown of long-standing relationships between stocks, bonds and commodities as well as investors ignoring valuation fundamentals and data. It all means stock and credit markets are at risk of a painful drop.
2) Euro powers ahead against sterling as hawkish Draghi shrugs off exchange rate worries (The Telegraph)
Mario Draghi, the ECB’s president, said the eurozone economy is firing on all cylinders as super-easy monetary policy continues to flush the system with liquidity. “It is before our eyes,” he said.
3) Scott Redler on Cheddar TV: AAPL, TSLA, and More! (T3 Live)
T3 Live Chief Strategic Officer Scott Redler appeared on Cheddar TV to discuss some key investing topics, including why long-term investors are actually helped by market declines, and his thoughts on the 8-year old bull market.
Continued Reading ==>
4) Report: Carrier sources indicate Apple iPhone 8 event date set for September 12 (9 to 5 Mac)
Mac4Ever is reporting that they know when the September Apple event will take place, where Apple will announce three new iPhones: the OLED iPhone 8 and the iterative ‘7s’ phones. The report says that the event will happen on September 12 citing carrier sources
5) True price of an Uber ride in question as investors assess firm's values (Reuters)
What is the true cost of an Uber ride?
That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new chief executive and resolve a bitter dispute with the old one, Travis Kalanick.
6) The 7 Deadly Sins of Trading, and How You Can Cure Them (T3 Live)
Greed can eat you alive… even if you have all the money in the world. It's one of the 7 deadly sins you’ve heard about from religious texts or pop culture.
And as you’re about to learn, they all apply to trading, and they all have cures if you understand them.
7) WPP faces worst year in a decade as advertisers cut spending (The Guardian)
Sir Martin Sorrell’s WPP is facing its worst year in a decade as the world’s largest advertising group was forced to slash growth forecasts for the second time after sales went into reverse in the first half.
The company cut its full-year growth forecast for revenues and net sales to between zero and 1% after reporting a marked deterioration in the second quarter that missed City expectations by some distance.
8) 50 million could watch Mayweather-McGregor in the US alone (CNBC)
Conor McGregor's improbable challenge of Floyd Mayweather Jr. could be seen by a staggering 50 million people in the United States as fans and the curious gather in small and large parties.
The fight Saturday night threatens the pay-per-view revenue record set by Mayweather and Manny Pacquiao two years ago and could dwarf it in viewership as people use the event as a reason to have friends and family over for a little escapism and controlled violence.
9) IRS Uses Chainalysis to Track Down Bitcoin Tax Cheats (The CoinTelegraph)
The IRS is actively seeking out tax evaders using Bitcoin, employing tools like Chainalysis to unmask them.
Many people believe that Bitcoin is anonymous, but it is in fact pseudonymous. All transactions linked to a particular address are visible on the Blockchain, which is public and transparent.
However, it is not possible to link a particular wallet address to the real world identity of a person/company without any additional information.
10) Ray Dalio – How to Find Financial Success (YouTube)
Ray Dalio, founder of mega hedge fund Bridgewater Associates, is one of the richest men in the worth, with a net worth of $17 billion.
But while most hedge fund masterminds keep a low profile, Dalio is quite outspoken and happy to share his views on the world.
In this video, Dalio identifies the 5 steps to financial success, and gives you his unique take on the American and European economies: