The Editorial Team - Financial Literature Americas (Page 2)

Four columns above and below a horizontal line, and one outlined column standing for their average

🌎 55.4 — services grew faster; the jobs part of the same gauge shrank

The services survey rose to 55.4 on its best activity reading since 2022, while its own employment component stayed below 50. Waller hinted at a hold.

Two navy columns of different heights with a gold bracket spanning the gap between their tops, and a teal disc rising beside

🌎 2.25% — the Bank of Canada held, changed one sentence, and the loonie rose

Canada held at 2.25% a seventh time but dropped ‘remains appropriate’; the loonie rose. S&P 500 +0.5% as yields paused and ADP hiring slowed to 38,000.

Twelve bars against a navy line: four brick bars hang below it, eight teal bars stand above, the last ringed in gold

🌎 54.6 — fewer factories grew in August; oil past $90 sank the boards

ISM’s factory gauge fell to 54.6 from 55.6, an eighth month above 50; Brent rose 4.6% on new US strikes on Iran and the S&P 500 fell 0.7%.

A calendar month of teal sessions with the last day marked in red, and a rising gold line dipping at its end

🌎 S&P 500 −0.3% — a red Monday closed a green August

US–Iran strikes lifted oil; the S&P 500 fell 0.3% and the 10-year yield closed at its highest since January 2025, yet every board finished August higher.

A navy gauge whose red needle has tipped just past the halfway mark

🌎 57% — the Fed chair put prices first; a September hike became the favourite

Warsh said the Fed's focus 'should be on prices'; September hike odds went from 35% to 57%, the 2-year jumped, stocks slipped. Oil above $91 on Iran.

Explainers

What is the equal-weight S&P 500, and why does it tell a different story from the index?

Same 500 companies, 0.2% each. How the equal-weight S&P 500 shows whether a rally belonged to the market or to a few giants.

One tall teal bar rises above a row of small red bars sinking below a baseline: one stock lifted the index while most fell

🌎 S&P 500 +0.7% — one stock lifted the board; the average stock fell

Nvidia's 8.7% jump carried the S&P 500 up 0.7% while the equal-weight index fell 0.3% and ten of eleven sectors closed lower. Warsh speaks at 10 a.m. ET.

A long navy measuring bar crosses a gold dashed target line, with a small red tick just short of its end

🌎 3.7% — inflation ran a tenth hot; Nvidia guided a year ahead

PCE 3.7% beat by a tenth, core 3.3% in line, the boards closed flat. After the bell Nvidia guided $108bn and 70% growth next year. Warsh speaks Friday.

Two bars diverging from a gold baseline inside a navy card: one rising teal, one falling brick — a survey split in two

🌎 89.4 — consumers rated today better, tomorrow worse

Confidence hit a seven-month low while the 'present' half jumped; stocks rose anyway as oil and yields fell. PCE at 8:30, Nvidia after the close.

A navy semiconductor chip beside a row of shrinking bars — chip stocks led Monday's slide

🌎 Nasdaq −0.8% — chips fell hardest, two days before Nvidia reports

Chip stocks led Monday's slide ahead of Nvidia's results; a Treasury cash-account report eased yields; new sanctions on Iran, new tariffs on Canada.

Two arrows, one navy and one teal, stopped head-on at a brick wall with a gold price tag hanging from it — trade blocked in b

🌎 50% — the US–Canada trade war arrived over the weekend

Trump's 50% tariffs on about $20 billion of Canadian goods took effect Saturday; Ottawa matches on 8 September. Plus a booming PMI and bitcoin's 22% week.

A yield line dips for one day in teal then climbs back in brick to its gold dashed starting level, beside a brick oil barrel

🌎 −0.9% — the relief lasted one day

Long yields climbed back, oil rose on an Iran threat, Walmart fell 9% on a sales miss, and the S&P 500 lost 0.9% — its worst day in three weeks. Decoded.