Is Elon Musk the Bankers’ Moby Dick? Not Yet

Published on August 22, 2024

Call me Ishmael. The biggest question about an investment banking client like Elon Musk is whether he turns out to be a Moby Dick.

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Kansas City Fed Manufacturing: Activity Declined Less in August

August 22, 2024
The latest Kansas City Fed Manufacturing Survey composite index did not decline as much in August following a sharper decline last month. The composite index came in at -3, up from -13 in July. Meanwhile, the future outlook increased to 8.

Bonds Beckon as Rate Cuts Near

August 22, 2024
It’s widely expected that the Federal Reserve will cut interest rates next month, perhaps by as much as 50 basis points. That would potentially provide a much needed positive jolt to bonds and fixed income ETFs.