Market 08/09: Liquidity Collapses in Weekend Trading Session

Key highlights:

• FED Barkin: “Companies are laying off rather than hiring”

• 40,000 layoffs in just the first week of the month

• Canada: Unemployment rate 18-25 hits 14.2%

• China: CPI does not yet indicate demand recovery

• Germany continues to lag in the EU bloc

• FTX must compensate $12.7 billion

• Market: Investment funds continue to rotate out of tech sector