) closed Tuesday in the green following a softer-than-expected inflation report in the form of July's Producer Price Index , which has fueled investor optimism about potential Federal Reserve interest rate cuts. The US Bureau of Labor Statistics is scheduled to report the Consumer Price Index for the month of July tomorrow morning.
So it doesn't that we have to be in that same situation, but we could be and take a look at the vics.Rarely does it come down this quickly though?Story continuesUh but I, I think, you know, that was just kind of an outlier.Uh This is gonna have to do with today's Global Fund Manager survey.This is uh last month and this is half a trillion dollars worth of money managers here.It's higher than January of 08, higher than November of 08.
Authorizations are ticking higher and uh they're actually getting close to $1 trillion in new a organizations.And this is what they're seeing.The purple line is average, the blue line uh or the blue bars are median and here we are in August and this is the peak, this is the highest we're supposed to see for the year, except for January, that's when we see a lot of flows too, but this should be a bullish time of year.
And so if they think that their stock price has fallen enough to be attractive and they've got a big buyback authorization sitting there, then they can step into the market and sort of support the stock.It's just very, it's just very bullish when we see these kinds of things.The risk is that going into these, going into September, October, when these windows close, we don't have those tail winds so they're going to figure out a new catalyst.
Phoenix broke the record for consecutive days of triple-digit temperatures on Monday. The record is likely to be shattered again very soon.Thailand's Constitutional Court will on Wednesday decide the fate of Prime Minister Srettha Thavisin, in a ruling that could see him dismissed after less than a year in office and plunge the country into deeper political uncertainty.
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