Bloomberg frames the latest bond rally (with yields falling) in a wider context:
“Three years after a surge in inflation pummeled fixed-income markets all around the world, global bonds have finally re-entered bull market territory. Bloomberg’s Global Aggregate Index, which tracks returns on sovereign and corporate debt across developed and emerging markets, has surged more than 20% from its 2022 trough to its highest level since March 2022 amid a broad fixed-income rally. The latest leg higher came as cooling US labor data fueled bets the Federal Reserve would step up policy easing.” Source: Bloomberg, Mo El Erian on X
As highlighted by StockMarkets.news, the payroll downward revision was actually flagged by Powell weeks ago, sneaking it into a footnote in his Jackson Hole speech:
“Data available to date suggest that the level of non-farm payrolls will be revised down materially.” On Sept 9, that’s exactly what happened: -911,000 jobs erased. ➡️ The question now is was this worse than he expected, and does it warrant a 25 or 50 bps cut? Source: StockMarket.news
‼️ JUST IN : Taiwan Semiconductor $TSMC’S REVENUE JUMPED OVER 33.8% YoY TO $11.09B IN AUGUST
👉 TSMC (TAIWAN SEMICONDUCTOR) MAKES ALL THE CHIPS FOR NVIDIA , APPLE , AMD AMONG OTHERS 👉So far in 2025 (Through August) TSMC has brought in total revenue of $80.33B up 37.1% YoY. Source: GURGAVIN
BREAKING >>> U.S. CONGRESS HAS GIVEN THE TREASURY 90 DAYS TO MAP OUT AMERICA’S BITCOIN RESERVE PLAN!
Source: @ByCoinvo
Korea's Kospi index at record high ‼️
👉 South Korea’s benchmark stock index Kospi surpassed the 3,300-point threshold for the first time in more than four years during early trading Wednesday. The global bull market is broadening.
Interesting point of view by Otavio Costa on the rise of global yields relative to us yields
He sees it as a real-time “Mar-a-Lago Accord" (i.e dollar devaluation). Here's why: "The strategy of letting global yields rise relative to US yields is central to weakening the dollar. What some see as a market shift might be a policy, a clear move toward dollar devaluation. The implications extend further, especially for emerging markets, which stand to benefit significantly from this environment". Your view? Source: Crescat Capital, Bloomberg
😨 As Oracle’s stock was soaring following the company’s earnings report on Tuesday, analysts were gushing about the numbers and the company’s prospects in artificial intelligence
➡️ John DiFucci from Guggenheim Securities said he was “blown away.” TD Cowen’s Derrick Wood called it a “momentous quarter.” And Brad Zelnick of Deutsche Bank said, “We’re all kind of in shock, in a very good way.” ➡️ That’s how the analysts opened their comments and questions during Oracle’s quarterly earnings call on Tuesday, as the company’s stock price was in the midst of a 28% after-hours rally. The software vendor had just reported an earnings and revenue miss, but nobody was paying attention to that. ➡️ Wall Street was singularly focused on Oracle’s forward-looking numbers and a massive growth trajectory that the company now sees thanks to its booming cloud infrastructure business and a host of new artificial intelligence deals. ➡️ “There’s no better evidence of a seismic shift happening in computing than these results that you just put up,” Zelnick said on the earnings call. ➡️ Oracle now sees cloud infrastructure revenue climbing to $144 billion over the next four years, up from $18 billion this fiscal year. Source: CNBC
Everything Apple just announced:
iPhone 17 Air, AirPods Pro 3, Apple Watch Series 11 and more, a summary by CNBC 👇
