(Part 4 of 5) news and my thoughts (24Aug2026)

KYHBKO
08-24

News and my thoughts from the past week (24Aug2026)

I don't know what's worse, knowing 70% of U.S. GDP is the AI bubble... Or knowing that 70% of U.S. GDP is entirely funded by private credit and retirement funds. - X user Financelot

Canada suspends trade talks with US and says it will match tariffs dollar for dollar. - X user Watcher Guru

Meta’s former engineering director is back on the stand, and his testimony is as brutal as the courtroom drawing of him. Whistleblower Arturo Bejar says Meta knew young users were being harmed at “extraordinarily high rates” but its own tracking failed to capture the real damage. He told jurors parents “would have wanted to have known” what the company knew. The case accuses Meta of addicting kids, worsening anxiety and depression, and illegally collecting data from children under 13. Source: Reuters / Writer: Julie

OpenAI's revenue grew much slower than Anthropic's last quarter, per WSJ

@TigerStars

$Cboe Volatility Index(VIX)$

$Vanguard S&P 500 ETF(VOO)$

Fed Hikes for First Time in Three Years — Why No Market Relief?
The Fed raised 25bp to 3.75%–4.00% at 2 a.m. Beijing Wednesday, its first hike since July 2023. The result was in line and stocks still could not rally: QQQ +0.03% to $704.72, SPY −0.44% to $754.05, S&P 500 −0.45% to 7,551.81, gold +1.10%. The weight was the dot plot — 16 of 19 officials want another hike this year — and Chair Warsh saying inflation is too high, too persistent, with no clear improvement in the summer data. Morgan Stanley, JPMorgan and Goldman are still constructive on earnings and growth. But the market priced one hike; the dots say two. Has the market accepted the second one?
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Comments

  • chikki
    08-24
    chikki
    I care less about the weekly headlines and more about whether VOO's fee can grind even lower over time, that compounding difference is the part I actually feel
    • KYHBKO: 
      I see. Is this your long term strategy?
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