You can't print energy...
zerohedge: "The money is not the problem: AI is the new global arms race, and Capex will eventually be funded by governments (US and China). If you want to know why gold/silver/bitcoin is soaring, it's the "debasement" to fund the AI arms race. But you can't print energy".
UK house prices rose at the fastest rate last month since January.
Source: Financial Times
World's Most Valuable Assets
Source: Compounding Dividends
US companies announced 153k job cuts in October, a 175% increase from a year ago.
This was the highest number of layoffs for any October in over 20 years and the most for any single month in Q4 since 2008. Source: Charlie Bilello, LSEG
The best performing stocks in the S&P 500 this year...
Source: Charlie Bilello
Senate reaches deal to end government shutdown
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Germany, continues to lose ground on global stock markets.
The market value of German equities has dropped to just 2% of total global market capitalisation, as the early-year momentum has completely faded. Source: HolgerZ, Bloomberg
Lot of panic out there, but don't lose faith in November yet.
S&P 500 up 10% YTD heading into November? November higher 13 of the past 14 years. Final two months of the year higher 16 times in a row. Source: Ryan Detrick, CMT @RyanDetrick
