Ep35: Second Day at the Summit: Records, Revisions, and a Softer Yield Curve — August 28th, 2025

On Thursday, August 28th, markets drifted a little higher, layering fresh records with a quiet sense of anticipation. The S&P 500 closed at 6,501.86, the Dow Jones at 45,636.90, and the Nasdaq at 21,705.16, all edging up on the strength of big tech and steady economic signals. Upwardly revised GDP at 3.3% and easing jobless claims gave the backdrop a firmer tone, even as long yields slipped toward 4.21%, hinting at a market already looking to the Fed’s next move. Corporate stories ranged from Datadog’s 7% rally and Agilent’s 5% climb, to the stumbles of Hormel and Cooper Companies, while Nvidia’s recent earnings glow softened with profit-taking. Overseas, Asia traded mixed, balancing chip optimism against Chinese tech pressures, while Europe’s Stoxx 600 slipped 0.2% in a cautious close. In commodities, Brent crude steadied near $68.62 while gold held above $3,440, quietly awaiting the PCE inflation report. Meanwhile, Bitcoin eased back to around $112,000, marking a pause after its recent push higher. This episode offers a calm, immersive walk through these numbers and narratives, helping you settle into the night with a clear picture of where the markets stand.