Preparing for Powell – The annual Fed policy meeting held in beautiful Jackson Hole, Wyoming will get underway this Friday. Although this year’s gathering will be held via Zoom, we’re just as excited nonetheless. All ears will be pressed to their speakers listening for discussions around tapering of asset purchases, as hinted at in recent weeks. Also top of mind, Fed watchers have been (im)patiently waiting for a thorough discussion on inflation, given the recent reading being the highest in a decade. It’s likely that the information we learn will largely determine the course of asset prices for at least the rest of the year, so make sure those end of year options plays will be at least a little less OTM than when you bought them.

Airbnb ($ABNB) – Positive PR > increasing net income, all day. This is a lesson Airbnb has been giving a masterclass on this week, as the online lodging company announced it will be housing 20,000 Afghan refugees around the globe. In response, Wall Street pushed shares up 10.0% or, in other words, gave the firm $11.5bn in market cap as a thank you. Meanwhile, travel stocks overall saw a good boost as the ever-indecisive market voted for a positive outlook yesterday.

Chinese Stocks – The rollercoaster ride Xi built for Chinese tech names appears to be rounding its final loop, as names from Tencent to DiDI were largely in the green yesterday. We can see this in the Chinese Internet ETF $KWEB, which soared 10.9% as analysts start to understand the new regulations out of Beijing. Alongside, the pace of new regulation is expected to slow, giving these companies more breathing room on their quest for global domination.