Read on the Trading Floor - 24 May 2024
Today’s focus… enjoy the long weekend
Macro Themes At Play
Theme 1 - What AI stories are users of our platform reading today?
Theme 2 - Markets rolling gently into the long wkd
Theme 3 - Week Ahead Previews
Further reading and listening of note
Theme 1 - What AI stories are users of our platform reading?
Axios - Google's AI summaries cause headaches and spawn memes
BlackRock - AI And The Energy Grid: Solving for AI’s Power Needs
Understanding AI - Waymo’s investments in San Francisco may be paying off
ZeroHedge - Nvidia Slashes AI Chip Prices As Huawei Launches China Discount War
Fortune - Google's AI search wants you to glue cheese to your pizza. It's just the tip of its bad-idea iceberg
Theme 2 - Markets rolling gently into the long wkd
Another dull session for DeFi to end the week. Front end of the US curve stuck in a 4.70/5.00% range. EUR stuck 1.0800-1.0900. At least equities have rallied on the day, settling the nerves of investors who were worried by yesterday's sell off despite Nvidia's beat. Either way Crypto pits and meme stocks are the places to play if you want exponential returns (and loses), with the Fed stuck in neutral, there's little to do in DeFi anytime soon. Maybe that's why Nvidia split their stock.
The NY Times - The Big Number: $48.75
Theme 3 - Week Ahead Previews
ABN Amro - The week ahead: 27 - 31 May 2024
ING - Asia week ahead: Australia reports inflation while China releases latest PMI readings
MacroHive - The Week Ahead: Is Trump 2.0 Already Moving the Fed?
👏 If you found this briefing helpful, please show the desk some appreciation by giving it a ‘Like’ or a ‘Comment’ at the bottom of the page.
Top Pieces
Discovered on Harkster.com
ING - THINK Ahead: What if US inflation is much lower than we think?
Steno Research - Macro Nugget: On housing and shelter inflation in the US
Econostream - ECB’s Schnabel: Possible June Rate Cut Would Be Compromise Decision
Net Interest - Banks in Disguise
Steno Research - PORTFOLIO WATCH: TRADING THE NEXT OF THE ROLLING MELT-UPS
Brent Donnelly am/FX - Meat-eating orchids
BMO - Nvitable Divergence?
Real Vision - A Town Hall with Raoul Pal: What’s Next?
Ecoinometrics - Bitcoin one month after the halving
Stay informed throughout the day with our new commentary channel (‘Intraday Market Colour’) highlighting key notes, topics du jour, and HarksterHQ’s market updates around key data points and headlines.
Available on the Harkster Research Platform.
The information provided in this post is for general information purposes only. No information, materials, services, and other content provided in this post constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.