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Friday, August 30, 2024

American Market Recap: US dollar specs turn short for the first time since February

US dollar specs turn short for the first time since February

The main driver of US dollar strength over the past number of years was 'US exceptionalism'. That's meant stronger growth and higher US interest rates. The stronger growth narrative is still in place... 

tranche

Goldman Sachs workers face the annual cull

Goldman Sachs plans to layoff 3-4% of its workforce or between 1300 and 1800 people, according to the WSJ. This shouldn't come as a surprise as the company trims 2-7% of its workforce annually on perf... 

Oil finishes the week sharply lower as the OPEC rumour mill begins

WTI weekly WTI crude posted an ugly finish to the week, falling $2.33 to $73.57 on Friday. Oil rallied strongly to start the week and was still holding in positive territory early today but slumped wh... 

A look back at the past four Septembers

We've been in a raging four-year bull market in most things since the pandemic but one month missed the memo: September. Here I highlight the S&P 500 over the past four Septembers, all negative mo... 

US weekly Baker Hughes oil rig count unchanged at 483

Oil is having a rough one today, down 3% after a report said OPEC was planning to proceed with the October production rise. Oil rigs unchanged at 48. Gas rigs -2... 

tranche

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September seasonals: The worst month on the calendar for the S&P 500

August was a wild ride. It's typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn. That's... 

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