💼 Fed prepares to cut

PLUS - Nvidia rebounds -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 July 19, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → Fed prepares for [September cut](, [Trump pledges]( to cut taxes, [Nvidia rebounds](, OpenAI debuts [mini version]( of its most powerful model, and Bud Light slips to No. 3 after boycott reshapes industry… From Martin D. Weiss, PhD: [This handful of small companies are crucial to AI’s next frontier]([? »]( Calendar: (all times ET) No notable events today Your 5-minute briefing for Friday, July 19: BEFORE THE OPEN As of market close 7/18/2024. Pre-Market: US Investor % Bullish Sentiment: ↑ 52.75% for Wk of July 18 2024 (Last week: 49.18%) Chart updates every Friday. Market Recap: - Stocks fell Thursday as investors sold tech and took profits. - Dow -1.29%, S&P 500 -0.78%, Nasdaq -0.70%. - Ongoing sell-off in megacap tech due to expected Fed rate cuts. - Broad sell-off: 10 of 11 S&P sectors and 9 of 10 Dow stocks declined. - Russell 2000 fell 1.9% but is up 3.5% over five days. - Nasdaq down 2.3% over five days, indicating tech rotation. EARNINGS Here’s what we’re watching: - Today: American Express ([AXP]() Full earnings calendar [here](. HEADLINES [Fed Prepares for September Cut]( Officials are increasingly confident that price stability is in sight. Fed chief Powell focused on sticking soft landing for economy. [Trump Pledges To Cut Taxes, Revive Factory Jobs]( Trump delivers first public address since surviving assassination attempt. Trump calls for unity, tax cuts, end to foreign wars in acceptance speech. - Fed appeals court blocks Biden’s new student loan relief plan ([more]() - Jobless claims hit highest level since August ([more]() - Key mortgage rate drops to lowest since March ([more]() - Dollar’s biggest jump this month sends global currencies sliding ([more]() - Foreign holdings of US Treasuries rise to a record in May ([more]() - ECB keeps rates unchanged, September move "wide open" ([more]() - SEC sues former CEO of Trump Media SPAC company for fraud ([more]() - Nvidia rebounds after TSMC says AI chip demand remains strong ([more]() - Netflix beats estimates as memberships rise 34% ([more]() - Amazon Prime Day drives US online sales to record $14.2B ([more]() - Bud Light slips to No. 3 after boycott reshaped beer industry ([more]() - OpenAI debuts mini version of its most powerful model yet ([more]() - Goldman Sachs names senior dealmakers in reshuffle ([more]() "Second Wave" Could Send AI Stock Soaring A "second wave" of AI profits is coming... Which could be [100X more profitable]( than any of the gains we've seen so far. If you make the right move today... And it's all thanks to this 244-year old pattern. [Click here for all the details »]( Samantha Tino, Editor Behind the Markets P.S. This "second wave" of AI gains has already given some early investors the chance to see gains of 133% in 15 days... 496% in 10 weeks… and 604% in 8 weeks. [Click here to learn more »]( - sponsored message - DEALFLOW M+A | Investments - Meta to buy 5% stake in Ray-Ban maker EssilorLuxottica ([more]() - Serbia eyes lithium deals with Mercedes, Stellantis, VW ([more]() - Capstack Technologies, a loan trading platform, acquired Edge Tradeworks, a loan-trading and bank analytics platform ([more]() - Forward.ai, a data-science automation platform, acquired LoudnClear.ai, a provider of a multi-layered conversational AI platform for customer service teams ([more]() - WP Engine, a company providing premium WordPress products and solutions, acquired NitroPack, an all-in-one SaaS solution for improving site speed and performance metrics ([more]() - CTERA, a hybrid cloud data management company, received a primary and secondary growth investment from PSG Equity ([more]() - Definely, a LegalTech company that simplifies legal documents, received a strategic investment from Raine Ventures([more]() - Matera, a software enabling real-time payments in Brazil, received a $100M investment from Warburg Pincus ([more]() - Rhizome, a climate resilience planning platform for the power grid, received a $1M investment from Convective Capital ([more]() VC - New Frontier Funding, a pioneer in leveraging gen AI to help SMBs find funding, closed growth capital from the Homsher Family Office ([more]() - Coast, a company that offers companies in the US to manage fuel and fleet spending, raised $40M in Series B financing ([more]() - Thoughtful AI, an AI-powered revenue cycle automation company, raised $20M in Series A funding ([more]() - Allium, a blockchain data platform for enterprises, raised a $16.5m Series A funding ([more]() - Momento, a real-time data platform, raised $15M in Series A funding ([more]() - OnRamp, a customer onboarding automation company for the post-sales process, raised $14.2M across funding rounds ([more]() - [After.com](, a US online platform that helps families navigate end-of-life services, raised $10M in Series A funding ([more]() - EverFence, a company that leverages technology to offer clients fence solutions, raised $7M in Series A funding ([more]() - Marathon Fusion, a startup developing fuel processing technology for the fusion industry, raised $5.9M in seed funding ([more]() - EdgeRunner AI, a startup building Generative AI for the edge, closed a $5.5m seed funding round ([more]() - Pelotero, a player intelligence to help coaches deliver personalized development in real time, raised $3M in seed funding ([more]() - REMspace, a neurotechnology company specializing in lucid dreaming studies, closed a $1M seed funding ([more]() CRYPTO - Trump asks $844,600 for fundraiser seat at Bitcoin conference ([more]() - Biden dropout chances rise to 68% after Covid diagnosis ([more]() - Ether ETF battle for supremacy ignites as firms reveal fund fees ([more]() BULLISH BITES 🤖 Bye Bitcoin, hello AI:[Texas miners]( leave crypto for next new wave. 🚀 Next in AI: [The inside story on Nvidia’s Next Big AI Play]( * 🏚 Visionary: A Guggenheim executive’s [big plan]( to build millions of new homes. 🚨 Urgent: [Another country abandons the Dollar]( * ⚠️ Prepped: Costco goes viral for selling “[the apocalypse bucket](” with food that lasts 25 years DAILY SHARE [tw profile: greg] greg @greg16676935420 [tw] How it started: How it’s going: 2:44 AM • Jul 19, 2024 42.3K Likes 3.53K Retweets 661 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] You just know if there’s a contested Democrat nomination that this dude is gonna pop out of nowhere and blow $500 Million on advertisements 11:06 PM • Jul 18, 2024 1.35K Likes 39 Retweets 33 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌[Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners Disclaimer: Market Briefing© is a news publisher. 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