Japan August S&P Global Services PMI 53.1 (expected 52.7)

US indexes dip on rising yields; SMCI drops 29% amid valuation concerns. CYTK, IONS, UTHR surge on trial data.

Gold hits $3,540, up 33% YTD on rate cut hopes & safe-haven demand. Silver surges 40%!

Prediction markets Polymarket and Kalshi are cashing in on "Trump leaving office" bets Traders are effectively wagering on scenarios such as resignation, removal, or, in Polymarket’s case, death.

BETZ ETF surges 30% YTD, outpacing S&P 500. Top holdings FLUT, LOTMY, DKNG drive gains. Investors bet on sports wagering boom.

US manufacturing contracts for 6th month; tariffs create instability. AI offers some relief, but traders eye broader economic risks.

S&P 500 faces seasonal September weakness (-0.7% avg). Pros eye housing & bonds, advising dip-buying amid potential Fed cuts.

Dollar unlikely to collapse. Strategists caution against aggressive dollar bearishness, suggesting rate cuts and earlier positioning have already been priced. Points to a slower grind lower with rebounds likely, not a sharp USD slide.