Tag: Week in Markets

The Fed hiked for the first time since 2023, the 10-year broke 5 per cent for the first time since 2007, AI stocks sold off on the industry’s own calls to slow down, the Gulf war reached Saudi infrastructure, and a family office wrote the season’s biggest premium. The week in markets, in five stories.

CPI held at 3.4 per cent on a cooling core, the ECB hiked into its oil shock, the US-Canada trade war went kinetic, the Treasury tripled its buybacks, and the Saudi pipeline that bypasses Hormuz went dark. The week in markets, in five stories.

Payrolls tripled forecasts and revived the September hike, Shein listed at a quarter of its former valuation, Broadcom’s record quarter was sold anyway, and private equity found two exit doors. The week in markets, in five stories.

Nvidia’s $96 billion quarter broke its post-earnings curse, hot PCE and Warsh’s Jackson Hole warning put a September hike back to a coin toss, PayPal’s $53 billion buyout died, wheat hit two-year highs and gold tested $4,700. The week in markets, in five stories.

The S&P 500 topped 7,800, the Russell 2000 set its 27th record of the year, the US said its Iran blockade can run indefinitely, and July retail sales posted their biggest fall in over a year. The week in markets, in five stories.

Records on Tuesday, a negative payrolls print on Friday: the week the melt-up met a shrinking jobs market. Amazon at $3 trillion, Palantir’s 93 per cent quarter, the first joint yen intervention in over a decade, and the Fed starting to count private credit.

The softest jobs report of the year, the sharpest semiconductor selloff since March 2025, a record Dow, and a $14 billion gate in private credit. The week, tied together.