Daily Note | August 16, 2024 | MCI/BANX, JPI Tender, PCF Rights Offering

Markets are looking a bit lower today as the market takes a breather recovering most of what was lost during the carry trade unwind. Yesterday was the sixth up day in a row for the S&P and Nasdaq. For the week, the S&P is up 3% and the Nasdaq is up 5%. Nvidia is up over 17% on the week.

We've had a risk-on rally for most of this week as retail sales and …