Stocks Rally After Cooling Inflation Data Hits The Tape

MRKT Matrix - Thursday, August 13th

• S&P 500 rises to record after more encouraging inflation data (CNBC)
• Costliest US Bond Sale Since ‘01 Is Investor Warning to Bessent (Bloomberg)
• The bond market is signaling trouble ahead for stocks (CNBC)
• Cisco shares slide 9% despite earnings beat and stronger-than-expected guidance (CNBC)
• Workday Jumps After Report Silver Lake In Talks to Buy (Bloomberg)
• Anthropic investors bet on $2tn valuation in record IPO (FT)
• Musk and Zuck make AI comebacks (Axios)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs