MRKT Matrix - Friday, August 29th

• Stocks close lower, but S&P 500 notches its 4th winning month in a row (CNBC)
• "Magnificent 7” Companies Reported Earnings Growth Above 25% for Q2 (FactSet)
• Fed’s Waller Sees Quarter-Point Cut in September, Then More (Bloomberg)
• US Consumer Spending Rises Firmly Despite Stubborn Inflation (Bloomberg)
• Higher Prices Are Coming for Household Staples (WSJ)
• Bond Market’s Inflation Gauge Touches Six-Month High on Fed Risk (Bloomberg)
• Alibaba Creates AI Chip to Help China Fill Nvidia Void (WSJ)
• Investors bet on Cambricon to be China’s next AI champion (FT)
• Trump Leans on National Security to Justify Next Wave of Tariffs (WSJ)
• US Ends Tariff Exemption for Small Packages, Upending Global E-Commerce (Bloomberg)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs