An image is worth 10,000 words...
The Trump trade visual (Republican basket index in red, Democrats basket in blue) Source: Bloomberg, GS, RBC
This graphic, via Visual Capitalist's Kayla Zhu, visualizes the share of exports and imports that move through the Taiwan Strait, broken down by the G7 and BRICS countries.
With China continuing to conduct military drills near Taiwan, as well as recently reaffirming that use of force will always remain an option to bring Taiwan under its control, concerns have grown over how potential Chinese actions in the region could impact global trade through the Taiwan Strait.BRICS countries overall are more exposed to disruptions to trade routes in the Taiwan Strait, specifically China, the United Arab Emirates, and Iran. The latter two have 24% or more of its exports pass through the strait. China and Japan are the most reliant on the Taiwan Strait for both imports and exports, specifically imports. Almost a third of both countries’ imports pass through the Taiwan Strait. Source: Visual Capitalist, www.zerohedge.com
When betting and trading collide...
#robinhood
CHINA'S INDUSTRIAL PROFITS FELL TO THE LOWEST SINCE THE COVID CRISIS
Industrial profits at large Chinese companies PLUMMETED 27.1% year-over-year in September, the most since the COVID CRISIS. This is after they FELL 17.8% in August. China is in deep economic trouble. Source: Global Markets Investor, Bloomberg
Strong momentum for Solana $SOL and poor momentum for Ethereum $ETH
Source: SolanaFloor
Consistency
Source: Yasin Arafeh
European stocks are hit by a ‘Trump effect’ as odds tilt towards Republican win.
A basket of 22 European stocks exposed to US tariffs compiled by Goldman Sachs has tumbled 5% since late September as the former president’s odds of an election victory shorten. The basket, which includes Diageo, Porsche, Mercedes, Adidas or Moller Maersk is now down 11% this year, compared with an 8% rise for the broader European stock market and 22.5% for the S&P500. Source: HolgerZ, Bloomberg
The next 10 days could be a big deal for bonds
Source: Markets & Mayhem
