The US Treasury has taken the rare step of intervening to support the Japanese Yen, a move not seen since the Asian financial crisis. Experts call it a "bridge" to hoped-for stability as Japan's economy faces rising yields and capital flight.
The tape Bloomberg Surveillance · Aug 4
“And it's the first time it happened in this form with the US serve telegraphing what it was going to do in terms of intervention. You know, even intervening Friday afternoon when most people are heading to the beach is like, real, you loved it.”
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Bloomberg Surveillance · Market Rally and WarningsAug 5
Microsoft's stellar earnings report, with Azure growth accelerating to 43%, is being called a "monumental turning point" for the entire tech sector, proving that the massive investments in AI are finally paying off.
Capital Allocators · WTT: The Anatomy of a Blow-UpAug 5
Leopold Aschenbrenner's fund rode concentrated, leveraged bets on AI to spectacular returns before sentiment turned. When margin calls came in from prime brokers, the fund was forced to liquidate its entire portfolio to stay alive.