Wednesday's Stock Market Rally Fizzles

Written By Timmy Adami

August 7, 2024

MRKT Matrix - Wednesday, August 7th

  • Stocks close lower on Wednesday as market’s comeback attempt fizzles out (CNBC)

  • Dimon Says He’s Skeptical Inflation Will Return to Fed’s 2% Target (Bloomberg)

  • Warren Buffett now owns more T-bills than the Federal Reserve (CNBC)

  • Bitcoin proving it’s not quite the ‘digital gold’ many traders were hoping for it to become (CNBC)

  • Recession Risks Rise as Consumers Turn Cautious (NYT)

  • 3 in 5 Americans think the economy is in a recession for these reasons (New York Post)

  • Richer Americans Are Turning to IHOP, Applebee’s for Cheap Eats (Bloomberg)

  • Disney Posts First-Ever Streaming Profit, Warns of Pressure on Theme-Parks Business (WSJ)

Timmy Adami
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