Market 08/21: FED Declares Ready to Cut Interest Rates

Today's article is late to include the FOMC Minutes as well

Key highlights:

• FOMC Minutes: Ready to Cut Rates in September

• 818 Thousand Jobs from the Past Year Revised Down

• Oil demand rises again, inventories back to 6-month low

• Home sales lowest since start of COVID

• Buffet sells $4B Bank of America, Walmart sells all JD

• Target: Turns around with huge earnings

• Market: VIX OpEx at 16, market does not react to jobs data and FOMC