August 22, 2025

Market Summary

Good afternoon. Markets are rallying, Fed Chair Powell signals possible rate cuts, and Ethereum hits a record high.

Let's dive in.

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Markets

Here are today's market moves:

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What's Happening

• Stocks surged after Fed Chair Powell signaled rate cuts could be coming.

• The Dow Jones hit its first record of 2025:

• Investors are now pricing in an 83% chance the Fed cuts rates in September.

• Ethereum hit a new all-time high on Friday, surpassing its 2021 record.

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Catch Up

1. The S&P 500 is up 9.9% in 2025. The Nasdaq is up 11.3%.

2. The U.S. is taking a 10% stake in Intel.

3. Nvidia, the world's most valuable company, reports earnings next week.

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What Else?

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Quote

"Until you can manage your emotions, don't expect to manage money."

— Warren Buffett