🇬🇧 British pound has lost 90% of its purchasing power since 1976.

£100 in 1976 would need to be £1,000 today to buy the same goods and services.

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🇺🇸 US Treasury will buy back $12,500,000,000 of its own debt next week.

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🇮🇷🇺🇸 Iran says the US Treasury is lying about moving 130 million barrels of oil through the Strait of Hormuz in the last 14 days.

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🇺🇸 Gold has overtaken the U.S. Dollar as the largest Global Reserve Asset.

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📊 Key Events This Week:

• August Chicago PMI data - Monday
• August ISM Manufacturing PMI and Prices data - Tuesday
• July JOLTS Job Openings data - Tuesday
• August ADP Nonfarm Employment data - Wednesday
• August ISM Non-Manufacturing PMI and Prices data - Thursday
• July Jobs Report - Friday

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🇸🇦Saudi Arabia's combined Persian Gulf and Red Sea crude exports averaged just 3.23 million barrels per day over the first 23 days of August, on track for their lowest monthly level since the start of the Iran War.

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📊 Brent Crude Oil surges back over $90 as US and Iran resume strikes.

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🇺🇸🇮🇷 Iran's IRGC says it has attacked US bases in Jordan after US forces bombed two rocket launchers on Iran's Larak Island.

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📊 Tim Cook steps down as Apple CEO tomorrow.

Apple grew from a $350 billion company to a $5 trillion company under his leadership, a 14x growth.

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🇺🇸🇮🇷 🚨 TRUMP - KHARG ISLAND BEING BLOWN TO SMITHEREENS

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📊 16% of fund managers say gold is undervalued, per Bank of America.

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🇯🇵 Japan's 2-year bond yield surges to 1.77% today, hitting another 31-year high.

The yield was negative just 3 years ago.

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🇯🇵🚨 $150 Billion wiped out from the Japanese Stock Market.

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🇸🇦 Saudi Arabia seeks $8 billion loan as Iran war pressures its economy.

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🇺🇸 Federal Reserve is now projected to raise interest rates by 25 bps in September.

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📊 Goldman Sachs forecasts gold will reach $4,900 per troy ounce by year-end, driven by strong central bank buying.

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🇯🇵 Japan plans to ease tax-reporting requirements for yen-backed stablecoins, making them easier to use for everyday payments and larger transactions.

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🇦🇷 Soccer superstar Lionel Messi announces he is retiring from Argentina's national team.

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🇺🇸🇯🇵 Treasury Secretary told the Bank of Japan they need to raise rates.

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🇺🇸 S&P 500 and Dow just printed their highest monthly close ever in history.

S&P 500 +2.62%
Dow +1.54%
Nasdaq +4.18%
Russell +0.86%

@Fin_Watch