AI Bubble Watch: Part 2
What’s in Today’s Report:
- AI Bubble Watch: Part 2
Futures are slightly higher following more mixed trade news.
Japanese stocks rallied after an announcement that the U.S. would “fix” an issue of tariff stacking that would result in some tariff reduction.
On gold, the U.S. may apply tariffs to Swiss gold imports, possibly disrupting to global physical gold trade.
Economically, there were no notable reports overnight.
There are no notable economic reports today but there are two Fed speakers, Musalem (10:20 a.m. ET) and Bowman, and if they join the growing “dovish” camp and hint at a September rate cut, that should help support markets.
