Washington Post: Israeli Prime Minister Benjamin Netanyahu has told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran.
Oil gaps down on the new 👇 Source: Markets & Mayhem
Google $GOOGL will back the construction of 7 small nuclear power reactors in the US, a first-of-its kind deal
Under the deal’s terms, Google committed to buying power generated by seven reactors to be built by nuclear-energy startup Kairos Power. The agreement targets adding 500 megawatts of nuclear power starting at the end of the decade (Source WSJ)
BREAKING: The equity put-to-call ratio has dropped to 0.44, the lowest since July 2023.
This is also the second-lowest level since March 2022. In other words, the appetite for hedging against a stock market decline is at its lowest in years. This is despite October being the worst month for stocks on average during Presidential Election years. Meanwhile. the SP500 has hit 45 all-time highs this year and is up 23% YTD. The resilience of this market is truly remarkable. Source: The Kobeissi Letter
Never bet against Nvidia???
The chip maker is riding an "insane" AI wave and hit a fresh ATH yesterday. Now worth ~$3.4tn, it has overtaken Microsoft again and is the 2nd largest company in the world in terms of market capitalization. Source: HolgerZ, Bloomberg
Bears in 2024
Source: barchart
Are investors underestimating just how behind the curve China is in stimulating its economy?
Looking at the chart below (courtesy of BCA), it seems that a 5% of GDP stimulus package is the minimum needed just to prevent growth from weakening further...
Both the Goldman and the UBS "Republican victory" baskets are approaching all time highs as "Democrat victory" trades slump
Source: zerohedge
The benchmark German equity index Dax has hit a fresh ATH.
Since the start of the year, the index has risen by 17%. However, this growth is driven entirely by higher valuations. The Dax's price-to-earnings (P/E) ratio is nearly 15, and if you exclude the dirt-cheap car stocks, it jumps to 17. Source: Bloomberg, HolgerZ
