TLDR

MARKET RECAP → Stocks rose Friday after Federal Reserve Chair Jerome Powell winked at the market’s expected September rate cut… The time has come. The direction of travel is clear.

POWELL HINTS AT RATE CUTS → 📉 Fed Chair Jerome Powell suggested that interest rate cuts might be on the way, signaling a potential shift in policy as the Fed responds to evolving economic conditions and aims to support growth.

MICROSOFT BOLSTERS CYBERSECURITY EFFORTS 🔒 Microsoft announced a September cybersecurity event following a CrowdStrike outage, aiming to address new threats and reinforce its position as a leader in the cybersecurity space.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Powell Hints at Rate Cuts

📉 Fed Chair Jerome Powell indicated that interest rate cuts might be on the horizon, signaling a shift in monetary policy as economic conditions evolve.

🔄 Powell emphasized the need to adjust policy in response to changing economic data, suggesting that the era of aggressive rate hikes may be coming to an end.

🏛️ This potential pivot reflects growing concerns about economic stability and the need to support growth, with the Fed ready to act as necessary.

TODAY’S TOP NEWS

Microsoft Bolsters Cybersecurity Efforts

🔒 In response to a recent CrowdStrike outage, Microsoft announced plans for a September cybersecurity event, aiming to address emerging threats and showcase new security solutions.

🛡️ The event was set to focus on enhancing protection across Microsoft's platforms, signaling the company's commitment to staying ahead in the cybersecurity arms race.

📅 This move underscored Microsoft's proactive approach to cybersecurity, especially after high-profile incidents, reinforcing its role as a leader in the industry.

BULL VS. BEAR

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