Wall Street: the bubble vacilla

The end of August is an uncomfortable season for Wall Street. Therefore, The heat persists. Moreover, the market rooms are emptying, and the trader almanac recalls that the markets, like schoolchildren, often tire at the end of the summer. Meanwhile, This week has not escaped the ritual: after having levity since spring, the technological values ​​suddenly have been wall street: bubble vacilla shaken. Meanwhile, NVIDIA. Furthermore, AMD, PALANTOUT and META, the emblems of the rush towards artificial intelligence, have erased part of their gains in an access to doubt. Similarly, Correction for some, warning for others: euphoria turned to suspicion.

Washington’s eye accentuates this distrust. Nevertheless, The AI ​​rush. In addition, boosted by promises of revolutions at a thousand billion, is now hampered by hearings at Congress and regulatory rumors. Moreover, Investors, formerly grayed, discover that the future could not only have been argued, but also over-regulated. In addition, The supposed trajectory without friction towards infinite growth is increasingly like a corridor populated by bureaucrats.

The stock market correction is explained in a thousand ways, depending on the analyst that is questioned. Similarly, Excess valuation for some, seasonal weakness for others. Meanwhile, August, they recall, is historically cruel for actions. Moreover, Others see it as a more primitive reflex: investors, wall street: bubble vacilla frightened by their own success, retreating before the building collapses. Perhaps simply exhaustion: markets, like men, cannot maintain optimism indefinitely without risking a fall.

In this climate, term contracts fell on Thursday morning: Dow -0.4%, S&P -0.3%, Nasdaq -0.4%. But what operators expect above all is the voice of an institution capable of turning the narration of a. word: the federal reserve. Its annual symposium in Jackson Hole, Wyoming, is as much a staging as a monetary policy. The decor (mountains, pines, pastoral serenity) contrasts with the intensity of what is played out. Each summer, central bankers meet there. Friday morning, Jerome Powell will be scrutinized with the attention we reserve for the Magi. Will it be understood that a drop in rates in September is possible? This hypothesis is somewhat weakened by recent data on employment. Will he maintain the suspense by recalling that the “neutral rate”. this “golden wall street: bubble vacilla buckle” area where the economy is neither overheating nor cooling, remains more a chimera than a reality?

The minutes of the July meeting. published on Wednesday, only offered a careful language: the Fed estimates that current rates are slightly above the neutral. The markets, formerly almost unanimous to bet on a relaxation in September, revised their expectations. A week ago, the probability was close to certainty: it is only 79%, according to LSEG.

On the consumption side, quarterly publications draw a chiaroscuro table. Walmart has noted its sales and profits forecasts, carried by households attracted by its low prices. However, his actions have fallen, a sign of a market that sometimes interprets resilience as a fragility. Target. The Home Depot, conversely, delivered a more contrasting vision, warning that customs duties and increased costs could weigh on end -of -year expenses. Together. these results sketch the portrait of a consumer always wall street: bubble vacilla active, but suspicious, in search of good deals and fleeing excess.

Elsewhere, volatility is just as marked. Boeing progressed against a background of rumors of mega-contract with China. while Coty, the cosmetics specialist, collapsed by 20% on an American demand deemed too low. Each episode feeds the same conclusion: a market suspended between optimism and anxiety.

In the political field. the American president asked for the resignation of the governor of the Fed Lisa Cook, covered by accusations of fraud. She replied that she would not be intimidated. Nothing new. on the other hand, on a possible meeting between Volodymyr Zelensky and Vladimir Putin for a cease-fire in Ukraine. US vice-president JD Vance has confirmed that Russia wishes to recover the territories currently occupied by Ukraine. thus reinforcing persistent rumors.

On the macroeconomic level. weekly unemployed registrations reached 235,000 for the week ending on August 16, above 225,000 expected, a wall street: bubble vacilla sign of a job market that begins to show cracks.

Wall street: bubble vacilla

The quotes of the day:

• the dollar index: 98. 347
• Or: 3 339 USD
• Crude oil (BRENT): 67,02 USD (WTI) 62,91 USD
• UNITED STATES 10 ans: 4,3%
• BITCOIN: 113 205 USD

In business news:

• Walmart has noted its forecasts for turnover and annual profits, low prices that have attracted consumers in a context of cost increase, but its action fell due to the prudence of consumers and concerns related to customs duties.
• DayForce will be bought by Thoma Bravo for $ 12.3 billion. which will allow the HR software supplier to become a private company and the buyout company to strengthen its software portfolio.
• Boeing would be in talks to sell up to 500 planes at China. which would mark a major breakthrough on the Chinese market after years of trade tensions.
• Vattenfall preselected Rolls-Royce SMR. Ge Vernova to build small modular nuclear reactors in Sweden, thus wall street: bubble vacilla marking the country’s first nuclear expansion in four decades.
• Johnson & Johnson has announced an investment of 2 billbows in North Carolina in order to extend its production in. the United States before the possible implementation of customs duties on drugs as part of Donald Trump’s trade policy.
• McCormick & Company will acquire a majority participation of 75% in Mexico McCormick for 750 Musd. thus strengthening its position on the aroma market in Mexico.
• Full Truck Alliance announced an increase of 17.2% of its turnover in the second quarter and an increase of 50.5% of its net profit, thanks to an increase in the volume of orders and better operational efficiency.
• Bilibili returned to profits in the second quarter. with a 20% increase in turnover, thanks to the strong growth of mobile games and advertising.
• Masimo continued American customs for authorizing Apple to import connected watches equipped with controversial oxygen measurement technology in the blood. wall street: bubble vacilla while a certificate in patent is underway.
• Meta Platforms suspended its recruitments in the field of AI due to an overstaffing. the restructuring of its IA group, and obtained regulatory authorization for investments in infrastructure in Louisiana.
• Citigroup has appointed a new director of banking services to businesses in the real estate sector. survey of complaints filed by human resources employees against the Director of Fortune Management, SIEG.
• Tesla CEO. Elon Musk, is the subject of legal prosecution for an illegal lottery and has announced that the six-seat Y model may not be marketed in the United States.
• Pulsar Helium Inc. raises up to 5 million pounds sterling for his Topaz Helium project.

Analysts recommendations:

• Analog Devices, Inc .: KGI SECURITIES CO LTD lowers its recommendation to “buy” to “outperform” and notes its price target from 220 to 258 USD.
• Bio-Techne Corporation: Citi notes its recommendation “neutral” to buy “and increases its price target from 55 wall street: bubble vacilla to 70 USD.
• Coreweave, Inc .: Arete Research notes her recommendation as “neutral” to buy “and notes her price of courses from USD 158 to 180 USD.
• Coty Inc .: Citi lowers her recommendation to “buy” neutral “and reduces his price of courses from 6.50 USD to 4.25 USD.
• Extra Space Storage Inc .: Goldman Sachs lowers his recommendation to “buy” at “neutral” and reduces his price of courses from 169 USD to 146 USD.
• Icon Public Limited Company: Citi lowers its recommendation to “buy” neutral “and reduces its price of price from 225 USD. to 200 USD.
• Kilroy Realty Corporation: Goldman Sachs lowers his recommendation as “neutral” to be sold with a price of courses of 33 USD.
• Marvell Technology Group LTD: KGI Securities CO LTD lowers its note of “outperformance” to “neutral”. reduces its price of courses from 95 USD to 75 USD.
• Snap Inc .: Baptista Research notes its recommendation to “keep” to “buy” wall street: bubble vacilla with a price target of 8.90 USD.
• Trist Financial Corporation: Wells Fargo lowers his note to “overlap” to “neutral” with a price target of 47 USD.
• Westlake Corporation: Baptista Research lowers its recommendation to “buy” to “keep” and reduces its price target from 94.50 USD to 91.10 USD.
• AMD (Advanced Micro Devices): Guotai Haitong Securities maintains its recommendation “overlap”. notes its price of courses from 162 USD to 199 USD.
• Circle Internet Group, Inc .: President Capital Management Corp maintains its recommendation “Buy” and reduces its price target from 358.20 USD to 229 USD.
• ESTEE LAUDER: B Riley Securities Inc. maintains its neutral recommendation and raises its price of courses from 60 USD to 90 USD.
• Globant SA: Jefferies maintains its purchase recommendation and reduces its price target from 110 USD to 80 USD.
• Lantheus Holdings, Inc .: Leerink Partners maintains its “outperformance” recommendation and reduces its price of courses from USD 134 to 99 USD.
• Marvell Technology wall street: bubble vacilla Group LTD: KGI Securities CO LTD lowers its recommendation of “outperformance” to “neutral”. reduces its price of price from 95 USD to 75 USD.
• Match Group, Inc .: Baptista Research maintains its “conserving” recommendation and raises its price as a price from 34.30 USD to 41.50 USD.
• Toll Brothers, Inc .: Wolfe Research maintains its “outperformance” recommendation and notes its price as a price from USD to 160 USD.