1. Wall Street shifts focus to June after a strong May rally, with key economic data including jobs reports and Fed Chair Powell's speech; 2. Major earnings reports from companies like CrowdStrike, HPE, and Broadcom are scheduled; 3. Additional highlights include market updates, podcast availability, and summaries of recent stock movements.

1. The Fed is about to make its second policy error in as many meetings; 2. The market expects the Fed to cut rates by 25 bps; 3. This may lead to tighter financial conditions.

1. Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. 2. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve's September meeting. 3. US PCE and EU Inflation data are the highlights.

1. The Wall Street Journal cautions the Fed against lowering interest rates before the presidential election due to potential political implications. 2. The Fed continues to reduce its securities portfolio, indicating confidence in the banking system's liquidity. 3. The M2 money stock remains robust, suggesting ample liquidity in the economy despite the Fed's quantitative tightening.

1. AGNC reported slightly weaker than expected Q2'24 results, but its spread profile is improving due to growing interest income. 2. Inflation is moderating, and the Fed is nearing its 'pivot point', which could benefit AGNC's mortgage-backed securities portfolio. 3. Shares now trade at a 17% premium to the REIT's longer term (3-year) price-to-book ratio, suggesting a hold rating is appropriate for now.

1. The Federal Reserve is expected to maintain the federal funds rate, with indications of potential easing in September. 2. Major tech companies including Microsoft, Meta, Apple, and Amazon will release earnings reports. 3. Attention will focus on the U.S. nonfarm payrolls report for July.

1. Inflation easing may lead to a faster Fed pivot, benefiting PIMCO Dynamic Income Fund. 2. The fund has shifted to overweight high-yield credit since March. 3. Potential rate cuts could expand the price differential between net asset value and market price.