The new moon on August 4 occurred while it was in conjunction with Venus. If the sky was clear, you may have seen Venus as the brightest star in the western sky shortly after sunset. If you missed it, enjoy the telescoped version below.
Last week was a wild one for economic news and the market.
From Wednesday’s Fed announcement to the Friday jobs report, there is much to cover. The labor market started to show signs of softening that the Fed has been waiting for to start cutting rates.
In addition, private equity real estate (PERE) returns for Q2 2024 were released since the last newsletter. Capital depreciation slowed, but so did net operating income growth.
Let’s get into it.