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🌐 Global Market:

Global:

• Elon Musk accepts Venezuelan Dictator Nicolás Maduro's challenge to a fight.
• The Chinese recovery that never was a recovery at all. Wasn't this supposed to be the best investment opportunity of 2024?
• Japan's Nikkei 225 index plunges almost 3% as Bank of Japan vows more rate hikes
• Yen was up about 2.27% after the BoJ's clown show meeting where they didn't tighten nearly as much as the markets expected and that was a huge catalyst for upward pricing in $SPX as well (up 1.6%) as the Japanese yen as shorts in the latter were covered.
• The Thai government's new policy of giving away $282 to most of its population had an early setback when its website crashed as millions of people tried to register.
• Israel has dropped almost 75,000 bombs and shells on Gaza in 200 days, twenty times more than the US aimed at Iraq in six years of war. + “We demand accountability for Israel’s assassination of Ismail Haniyeh, as we have continually demanded accountability for the wanton murder and injury of over 130,000 Palestinian children, women and men across these past 300 days of horror and hell in Gaza and call for accountability for all of Israel's criminal policies and practices in our territory across the decades.”

US/FOMC:

• Federal Reserve leaves interest rates unchanged, remains at 5.25% - 5.50%.
• FOMC REITERATES NO RATE CUTS UNTIL IT IS MORE CONFIDENT THAT INFLATION IS MOVING TO 2%
• FOMC holds rates steady. No explicit signal of a September rate cut, but some very meaningful changes in the top of the statement + Interest rate cut could come as soon as September, says Fed Chair Powell
• Harris odds surge to 43% on Polymarket after Trump’s NABJ panel, reaching $467 million wagered

EU:

• EUROZONE UNEMPLOYMENT RATE JUNE 2024 REPORT at 6.5%