What to Watch Next Week

The video discusses the current state of the market, highlighting a recent rally and the impact of supply dynamics on the market's footing. It analyzes the bond market's support and the trend towards lower yields in the US, aligning with global norms. The potential impact of a manufacturing slowdown on the services sector is considered, alongside the Federal Reserve's policy decisions and reaction function, including the possibility of a mid-cycle adjustment involving more than one rate cut.

What is the significance of the upcoming supply in the refunding process?

• It will lead to higher yields.

• It will increase market volatility.

• It serves as a test of market stability.

• It will decrease market stability.

What is expected to happen in the market during August?

• A period of market stability.

• A decrease in global yields.

• An increase in market yields.

• A phase of market indigestion.

How are US yields expected to change relative to global norms?

• They will increase above global norms.

• They will stay unchanged.

• They will decrease towards global norms.

• They will remain abnormally high.

What economic indicator is being watched for signs of a slowdown in the services sector?

• Manufacturing PMI

• Nonmanufacturing ASM

• Unemployment Rate

• Consumer Confidence Index

What might the Federal Reserve discuss regarding their policy adjustments?

• A mid-cycle adjustment involving more than one cut.

• A complete halt in rate cuts.

• An increase in interest rates.

• A focus on inflation control.