海外研报

Global Rates Trader Policy Path Dependent

While US election risk is an inescapable focus in rates market discussions, the lastmonth has revealed the difficulty building clear momentum in trading the eventualoutcome.

The retail impulse into US equities has been globa!

We mentioned several times in our publication the big role US retail investorshave been playing over the past year in propagating the US equity market. Thebullishness ofUS retail investors has been manifesting across several metrics.In een

US Weekly Prospects

The soft landing story has been gaining inereasing credibilityin recent weeks. lfanything, some of the growth data hadbcen suggesting activity was slowing more than would bedesirable.

Microsoft Outage More a CrowdStrike Issue

This morning, MSFT is experiencing a large outage stemmingfrom a faulty software update from CRWD. While theimplications

Friday Finish – US Economics

Look through the jump in jobless claims as the fallout from Hurricane Beryl and annual auto retooling.

Curb Your Enthusiasm

At $6.56 trillion, assets under management (AUM) in US money market funds(MMFs) hit another record high last week. Inflows to MMFs have continued even asmarket pricing of policy easing has moved higher -today, the market-

Likely to Sell 30% of CrownRock to Ecopetrol

In an 8-K filing today, OXY disclosed that it is in discussions with Ecopetrol to sell 30% ofCrownRock for $3.6 billion. This equates to 30% of OXY's acquisition consideration for

2Q Review: Sitting in Neutral

Looking through our 1Q Review note before we began writing this 2Q note, we findourselves essentially writing the same opening paragraph: PPG shares finished today -3%

Weekly Wrap & Catalyst Calendar

Weekly Research Wrap• Alts: Learnings from Earnings: Read-Throughs from the Banks, 7/17/24. We track commentaryon M&A, IPOs and other capital markets activity, all of which are important for the alts. The

Weekend Cross-Asset Dislocations (20-Jul-2024)

remains lower than we would expect in the context of the economic environmentand options prices show that investors are not overly concerned about a