) were in a free fall, finding some relief and eventually staging a bounce back on Tuesday. Part of those declines is due in part to issues with the Bank of Japan raising its interest rates. Bitcoin and its recent earnings:"What Microsoft said was, hey, we're actually a little bit more flexible than maybe you realize only half of our CapEx really goes into those fixed long term, 15, 20 year assets. And the other half is kits and GPUs.
But a possible escalation of violence in the Middle East could send prices higher in the coming days. Just as a reminder, here's what happened with the Vicks spiked all the way up to 65 and that was the third highest level ever.I think it's gonna take until the end of the week, maybe next week to determine if we are in the clear because it just takes a while.Is it Jackson Hole?We, I think CP I has been the biggest driver of the market and we don't have another big read on CP I until the new month or excuse me until next week.
Um But the focus on flexibility in artificial intelligence, I think is gonna be a really good one and key for the industry and that goes all the way down to software and all the way down to large language models. You know, we touch Microsoft and the office platform more than anything else when we are knowledge workers at work.
So for our clients at Huntington, we were really focused on staying neutral to our long term allocation targets having optionality by having stocks, bonds and cash if we're talking about our public markets investments.Still big, you know, listen a nice balance today, but a lot of big questions still for investors, right?
Um And so we have to remind ourselves the US still added jobs might not have been to expectations but still added jobs in July.Now, what is it debatable? And in that regard, you know, if you think back to say 2019, when Iranian proxies attacked Saudi Arabia and knocked out 7 million barrels a day of capacity or when Russia invaded Ukraine in 2022.
Well, if you still got, if you haven't bought an electric vehicle yet, uh, good news because I just checked here, we're about $2.30 nationwide, which would be, you know, around $3 at the pump for the average American. Now, they said when it's a 10% draw down a so called correction, it is not as uniformly positive, but when you see a smaller drop in markets, you tend to then see a rebound that looks like it's relatively lasting.Uh Earlier today, he was not too complimentary and he talked about what he would rather be using in terms of trying to decide whether it's time to get into the market.
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