Japan July Industrial Output -1.6% m/m (exp -1.0%) & Retail sales +0.3% y/y (exp +1.8)

US housing inventory hits 4.7 months, new homes at 9.8 months. Builders discount, slowing starts. Buyers gain leverage.

S&P 500 hits PE of 30, a 1999-2002 tech bubble level. Earnings yield drops to 3%. Watch out!

NVDA beats earnings but dips; AI rally broadens to MU, AVGO, AMZN, GOOG. Valuations high, but demand strong.

S&P 500 hits 6,500 on AI boom & Nvidia! Futures flat as traders eye inflation data & rate cuts.

CRWV surges 13% on AI demand & Nvidia partnership; valuation stretched with 13.4x P/S, but $30B backlog signals growth.

Tokyo August 2025 headline CPI 2.6% y/y (2.6% expected). Japanese inflation data - Tokyo area CPI indicator.

Japan July Unemployment rate 2.3% (expected 2.5%, prior 2.5%). Japan, 99 problems but a job ain't one.