LiveWire

Outflows from small cap funds hit a recent record according to this data, yet the index has stayed flattish within the range. Seems very bullish if people start to allocate at least a small bit of funds to small caps again and some buying resumes. Source: Topdown Charts 

Alphabet Inc.'s stock is on track for its greatest streak of monthly gains in almost decade, as advertising income soars, propelling the company to the top of the nation's megacap technology businesses. The stock increased 0.4% to an all-time high of $2,891.81 on Monday, giving it a gain of more than 7% in August. It will be the stock's eighth consecutive monthly gain, the longest such sequence since a 10-month run in 2009. Source: Bloomber

The important benchmark that the Federal Reserve uses to set monetary policy has fallen for the second time in two weeks, indicating that the front-end cash surplus is spilling into this part of the funding markets. The effective fed funds rate, which the central bank is presently attempting to keep within a range of 0% to 0.25%, fell by one basis point to 0.08% on August 27, according to the Federal Reserve. Source: Bloomberg

This move was led by stocks in the Banks and Capital Markets, which were up +7.27% and +5.78%, respectively. The Banks industry is up by +8.68% over the last 1 Month, with 69.28% of the underlying stocks seeing gains. Among large and mega cap stocks in this industry, the top performers were Huntington Bancshares Inc and Bank of America Corp, which were up +11.15% and +10.77%, respectively. Source: Bank of America

Meituan reported revenue that above expectations, demonstrating that the internet giant's development prospects have not been harmed by Beijing's ongoing antitrust investigation. For the June quarter, China's largest food delivery platform generated sales of 43.8 billion yuan ($6.8 billion), compared to analyst projections of 42.4 billion yuan. The corporation reported a 3.4 billion yuan net loss for the third quarter in a row. As part of a probe by the antitrust watchdog into suspected infractions such as forced exclusivity agreements, Wang Xing's internet powerhouse faces fines of around $1 billion. Source: Bloomberg