πŸ“Š Market Overview

  • S&P 500: 7,753.02 (-0.06%) β€” Slightly lower at close
  • Dow Jones: 53,975.98 (-0.11%) β€” Slightly lower at close
  • Gold (XAUUSD): 4,398.01 (+0.18%) β€” Touched 4,400 intraday, highest since June 5
  • WTI Crude Oil: 81.26 (-0.23%) β€” Slightly lower

πŸ”₯ Key Overnight News

  1. NVIDIA Partners with Six Financial Giants for $500B AI Infrastructure Financing

    • Strategic partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR
    • Jensen Huang: All capital from third-party sources, will support broad AI adoption

  2. OpenAI Buys Back $7B Employee Shares, Paving Way for IPO

    • Completed tender offer, helping employees sell ~$7B in shares
    • Launched GPT-5.6-Cyber model

  3. Intel Seeks to Expand Stock Offering to $20B

    • One-third above original $15B target, continuing fundraising efforts

  4. Gold Breaks $4,400/oz

    • Highest since June 5; SPDR Gold ETF holdings up 3.4 tons to 1,020.96 tons
    • Citadel Securities turns bullish on gold, cites five catalysts

  5. Fed September Rate Hike Odds Rise to 51.2%

    • CME FedWatch: Probability of no change at 48.8%
    • Trump confirms brief call with Fed Chair Warsh, emphasizes “just once”

  6. Middle East Tensions Persist

    • Trump presents “compensation bill” to Iran; Hormuz deal prospects dim
    • Libyan oil facilities hit by drone strikes for third consecutive day
    • U.S. military claims control of Strait of Hormuz, mines cleared

  7. JPMorgan Raises S&P 500 Target to 8,000

    • Morgan Stanley launches $1.5T American Innovation Infrastructure Initiative, focusing on AI and frontier tech

  8. Russia-Ukraine Conflict Escalates

    • Kyiv hit by ballistic missiles; Ukrainian drones strike Russian petrochemical facilities

🧭 Market Assessment

Gold breaks $4,400 to a new multi-week high, driven by central bank purchases, geopolitical risk, and Fed policy pivot expectations β€” bullish momentum intact in the near term.

AI infrastructure financing accelerates: NVIDIA mobilizes $500B with six financial giants, Morgan Stanley launches $1.5T infrastructure initiative β€” capital flows continue to favor the AI supply chain.

Fed September hike odds above 50%, Trump-Warsh communication raises independence concerns β€” markets navigate between “higher rates” and “easing expectations.”

Middle East remains the biggest variable for oil prices: Hormuz negotiations stall, Libyan oil facilities under attack β€” supply-side risk premium persists.

JPMorgan’s S&P 500 target at 8,000 reflects strong Wall Street bullishness, but watch for overheated FOMO sentiment and potential pullback risk.

πŸ“… Today’s Economic Calendar

  • 12:30 ⭐⭐⭐ RBA Interest Rate Decision (expected 4.35%)
  • 13:30 ⭐⭐ RBA Governor Bullock Press Conference
  • 18:00 ⭐⭐⭐ US July NFIB Small Business Optimism Index (prev 97.4)
  • 20:15 ⭐⭐⭐ US Weekly ADP Employment Change through Jul 25 (prev 15K)
  • 20:55 ⭐⭐ US Redbook Retail Sales YoY through Aug 8 (prev 8.7%)
  • 22:00 ⭐⭐⭐ US July Existing Home Sales Annualized (expected 4.04M, prev 4.09M)
  • 22:00 ⭐⭐ US July Existing Home Sales MoM (prev -2.40%)