🚨 THE U.S. LOST 23,000 JOBS IN JULY. WALL STREET RESPONDED BY RALLYING.
Nothing says Friday quite like a weak jobs report becoming bullish because investors decide the Federal Reserve might now have a slightly smaller reason to make money even more expensive.
But the headline market reaction is not the important story.
💰 The real capital story this week was enormous.
Saudi Arabia’s PIF, Silver Lake and Affinity completed the approximately $55 billion Electronic Arts take private.
Apollo agreed to acquire easyJet for roughly $7.7 billion.
Visa agreed to buy BioCatch for $2.4 billion, pushing deeper into AI powered fraud and identity infrastructure.
Brookfield…
The skinny
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