Airlines are facing cancellations and disruption as the US government shutdown enters its third full week
https://on.ft.com/492mNVZ Source: FT
S&P 500 has now closed above its 50-day moving average for 116 consecutive trading days, the 3rd longest streak going back to 1990 (1995 and 2007 were longer)
Source: Barchart
Polymarket launches up/down equity markets, letting users bet on stock price movements with Wall Street Journal and Nasdaq as resolution sources.
Source: Cointelegraph @Cointelegraph
Steve Jobs literally explains why most people never succeed in life
Source: Hayes @neatprompts
Electricity prices in the US have exploded since 2020.
Across the U.S., residential power costs are up more than 40% in many states and over 60% in places like California and Maine. Should be see this as the early stage of an energy crisis? Source: StockMarket.news
I’m not a gold buyer, it costs 4% to own it,”
Dimon said Tuesday at Fortune’s Most Powerful Women conference in Washington, referring to storage costs for billionaires who have to store several hundreds gold bars worth billions, and clearly not referring to 99% of actual gold buyers who own a little gold at home and which costs them 0% to own it. That said, Dimon admitted that gold “could easily go to $5,000, $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio.” Source: zerohedge, metals mine
$GLD Gold Trust ETFD just broke out of a 5-year cup & handle vs $SPY S&P 500 index ETF.
COVID highs are now in sight. Source: Trend Spider
For now, China–U.S. trade tensions continue to escalate ahead of the scheduled October 29 meeting between President Trump and President Xi.
Source : Financial Times
