Another Record Day For Stocks
Episode 306
MRKT Matrix - Wednesday, August 13th
- Dow rises 300 points, S&P 500 hits new record in second day of gains (CNBC)
- Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder, sources say (CNBC)
- Bessent Urges Fed to Lower Rates by 150 Basis Points or More (Bloomberg)
- Investors Playing More Defense Even as Stocks Climb to New Highs (Bloomberg)
- Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist (CNBC)
- Global Oil Markets Face Record Supply Glut Next Year, IEA Says (Bloomberg)
- Companies Are Pouring Billions Into A.I. It Has Yet to Pay Off. (NYTimes)
- OpenAI’s Rocky GPT-5 Rollout Shows Struggle to Remain Undisputed AI Leader (WSJ)
- China’s Lead in Open-Source AI Jolts Washington and Silicon Valley (WSJ)
- Why China Loves and Fears Nvidia’s H20 Chip (WSJ)
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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
Published on 1 week, 6 days ago