July’s jobs report has given asset prices a boost, as a weakening labour market makes it much harder for the Fed to justify hiking rates at its next meeting. Today’s forward guidance looks at how bad employment data is good news for investors.

Elsewhere, it seems even the smartest people betting on the right sector can still come unstuck. We dig into the recent meltdown that saw Situational Awareness go from hero to (almost) zero in just a few days, as the AI trade reminded everyone that money can be lost just as easily as it can be made.

⚔️ Stablecoin Skirmish ⚔️

One of the surest signs that crypto is going mainstream is the embrace of stablecoins by payments giants like Visa and Mastercard. Sure, it’s not as sexy as some…