MARKET VOLATILITY
‘Not yet over’ – stocks have further to fall before the selling subsides, say chart analysts
Wall Street’s summer swoon likely isn’t over yet. Several chart analysts are pointing out that while the market has dropped sharply over the past few days, it still has a long way to go before a sustainable bottom can be reached. Even with a slight rebound on Tuesday.

Brace for a 2nd wave in stock-market volatility – and this one could be ‘Lehman-like,’ says Nomura
A rally in stocks on Tuesday may take shape after an ugly Monday selloff, but any rebound ought to be treated with a heavy dose of skepticism, and as preparation for the next wave of selling, warns one quantitative analyst at Nomura.

Gold tops $1,500 as investors seek shelter from gathering storm
Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy.

When it comes to oil prices today, it’s China, China, China
Today’s oil market is being driven by China. More specifically, it is driven by perception of the trade dispute between China and the United States, prospects for China’s economic future and forecasts for China’s oil imports. The oil market moves today based on President Trump’s tweets about trade negotiations and China’s responses to U.S. actions. China has become a bigger issue for oil traders than any other geopolitical or economic event.
FED’S MONETARY POLICY
Bullard: Fed has adapted to trade risks, won’t respond to ‘tit-for-tat’
After the U.S. central bank reshaped monetary policy around global trade volatility, a Federal Reserve official offered a message to the White House on Tuesday: Don’t expect more rate cuts every time trade policy threats or announcements send markets into a tailspin.

Trump’s war on the Fed could shatter the stock market
Last week, President Trump stunned Wall Street when, within a day of a quarter-point cut in the federal-funds rate by the Federal Reserve, he pledged to slap 10% tariffs on $300 billion in Chinese imports. On Monday, when the yuan fell below seven to the dollar, the U.S. declared China a currency manipulator, in a major escalation of the trade war.

What the Fed actually does and why you should care (it really does affect you)
When the Fed talks, people listen. Why? Because the Fed’s main job is to help keep the U.S. economy humming along. You don’t have to be an economist to understand why that’s a good thing.
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