Clarity Act Senate Vote: Brown Weighs the Odds
Connor Brown discusses the Clarity Act's Senate cloture vote, the 7-9 Democratic votes needed, and the bill's key compromises.
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Connor Brown discusses the Clarity Act's Senate cloture vote, the 7-9 Democratic votes needed, and the bill's key compromises.
Gold is pressured ahead of the FOMC decision as markets focus on the dot plot and oil prices.
Earnings reactions stay defensive; Dell and Palo Alto show strength, while Broadcom and Credo remain weak. Dispersion is key.
Canada's July wholesale sales rose 0.3%, beating the -0.5% forecast, though volumes fell 0.6%.
New York's September manufacturing index fell to +7.6, well below the +15.0 forecast, from +20.6 in August.
ADP weekly employment estimate rose to 16,250 for the four weeks ending August 29, exceeding the 12,000 forecast.
The dollar rallies ahead of the Fed's expected 25bp hike, while Treasury yields rise, oil stays above $102, and stocks edge lower.
Crypto slips and markets trade rangebound as investors await the Clarity Act vote and tomorrow's FOMC decision.
Poland's state refiner Orlen lost $424 million in a failed Venezuela oil deal paid with USDT, leading to charges against three former managers.
Balancer CEO proposes winding down the protocol after a $130M hack, distributing $9M treasury to BAL holders.