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Podcast: MRKT Matrix
Episode: Another Record Day For Stocks
Description: MRKT Matrix - Wednesday, August 13th
Dow rises 300 points, S&P 500 hits new record in second day of gains (CNBC)
Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder, sources say (CNBC)
Bessent Urges Fed to Lower Rates by 150 Basis Points or More (Bloomberg)
Investors Playing More Defense Even as Stocks Climb to New Highs (Bloomberg)
Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist (CNBC)
Global Oil Markets Face Record Supply Glut Next Year, IEA Says (Bloomberg)
Companies Are Pouring Billions Into A.I. It Ha...