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Courtesy of All American Assets

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑51.61% for Wk of August 22 2024

Market Wrap:

• Stock futures edge higher ahead of Powell’s Jackson Hole speech

• Powell expected to signal upcoming rate cuts at 10A ET

• Yesterday’s trading hit by rising Treasury yields: S&P -0.9%, Nasdaq -1.7%, Dow -177 points

• Dow and S&P up slightly this week; Nasdaq down 0.1%

• Nasdaq could see fifth losing week in six

EARNINGS

Nothing being watched today. Full earnings calendar here.

HEADLINES

Markets Eagerly Await Powell’s Hints About Fed Rate Cut

Uber Partners with GM’s Cruise to Offer Driverless Rides

• What to look for at Fed's Jackson Hole symposium (more)

• Quantitative tightening goes global for the first time, in test for markets (more)

• US business activity edges lower; pricing power ebbs further (more)

• US existing home sales rise more than expected in July (more)

• Chinese stock markets head for third year of record delistings (more)

• Capital hikes and other bank rules now hinge on US election (more)

• Mortgage rates drop to lowest level since May 2023 (more)

• Money-market funds have lured $106B so far this month (more)

• Wall St’s next big test looming with Nvidia’s profit report (more)

• Peloton shares soar 35% as turnaround plan takes hold (more)

• Ford steps back from EVs—says hybrids are the future (more)

• Wamco’s investigation is examining 17,000 trades over three years (more)

• Musk’s X drew capital from Silicon Valley elites, global funds (more)

A MESSAGE FROM ALL AMERICAN ASSETS

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DEALFLOW

M+A | Investments

• Skydance asks Paramount to stop negotiating with Bronfman (more)

• Carlyle to buy Advance Auto Parts unit for $1.5 bln (more)

• Vion Biosciences, a science platform focused on specialty reagents in life science research, acquired Echelon Biosciences, a supplier of critical materials (more)

• Arsenal Capital Partners, an equity firm specializing in building techf-rich healthcare and industrial growth companies, acquires Knowtion Health, revenue cycle insurance claim resolution services supported by AI-enabled technologies (more)

• Revnest, a marketplace for buying and selling vacation homes, acquired Hungry Robots, LLC, a real estate data provider (more)

• Miami International Holdings, Inc., a tech-driven leader in building and operating regulated financial markets across multiple asset classes, received a $100M investment from Warburg Pincus (more)

• Symmera, an early-stage company for device authentication and data protection, received an investment from Emerson Ventures (more)

• Qualified Digital, a digital business and experience agency, received an investment from Stella Point Capital (more)

• Lazarus AI, a document understanding company, received an investment from WaveFx, a founding partnership company (more)

VC

• Grafana Labs, a company behind open, and composable operational dashboards, completed a primary and secondary transaction totaling approximately $270M (more)

• Arch Lending, a crypto-backed loan provider, raised $75M in funding (more)

• Opkey, a provider of an AI continuous test automation platform for enterprise systems, raised $47M in Series B funding (more)

• Human Longevity, a longevity focused technology company, completed an upsized $39.8M in Series B funding (more)

• Siepe, software and technology-enabled services for private credit and CLO managers, raised $30M in Series B funding (more)

• The Rounds, an inventory management platform that delivers recurring grocery and household essentials in reusable packaging, raised $24M in Series B funding (more)

• Solace, a digital health platform, raised $14M in Series A funding (more)

• BeMe Health, a digital behavioral health startup, raised $12.5M in funding (more)

• Efficient Capital Labs, a financing provider, raised $11M in Series A funding (more)

• PhotonPharma, a biopharmaceutical company, raised $2.5M in Seed funding (more)

• Thera, a payroll and payments platform, raised a $4M Seed funding round (more)

• Adelaide, a company specializing in attention-based media quality measurement, raised $1.4M in Seed funding (more)

CRYPTO

• Ex-FTX executive’s girlfriend faces campaign finance charges (more)

• Crypto asset managers look past the next big coin to diversify portfolios (more)

• Citi, BMO assist AIIB’s debut $300M digital bond issuance (more)

BULLISH BITES

💰 Inflation and Global Conflicts: How to protect your wealth » *

🤖 Not Impressed: The year of the AI election that wasn’t.

👶🏻 Futurism: Waymo wants to chauffeur your kids.

🍁 The Buzz: Here are the top NYC restaurants to book this fall.

🚙 Must-See: A street legal bumber car.

DAILY SHARE

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