Syz the moment

ISRAELI OFFICIAL SAYS RESPONSE TOWARDS IRAN ‘WILL BE HARSH’: KANN Bomb alarm sirens across the entire country (map). Oil spikes +4% Gold +1% VIX skyrockets +20% S&P 500 down 0.9% Source: Global Markets Investor on X

sp500 heatmap October 1st Source: @bremarkets on X

Historically, Fed rate cuts triggered market rallies led by valuation expansion. But this time, it seems that markets front-loaded the Fed by accumulating us stocks AHEAD of the Fed decision. Bottom-line: Current market valuation is now on the high side vs. other instances in history when the Fed cut rates. This should limit the amplitude of the current bull equity Source: David Marlin

We now have a port strike, rising oil prices, aggressive Fed rate cuts and a china monetary + fiscal package. Could this combination trigger a second wave of inflation?

The China equities rally look unstoppable... 😱 The Hang Seng Tech Index expanded its gains to 9%, while the Hang Seng Index surged by 6%. The FTSE China A50 Index futures rose by over 8%. As shown on the chart below, the HK-listed Science and Technology Innovation Board 50 ETF, surged dramatically, with an intraday increase of 128%. In the previous trading day, it closed with a rise of over 21%. Source: CN Wire

Source: Polymarket, C.Barraud

France has the highest tax burden in Europe, so cannot increase taxes without throttling growth. Spend is mostly pensions & local governments And with political paralysis there won’t be any structural reforms. Is a fiscal crisis looming? Source: Michel A.Arouet, Oxford Economics

Source: Barchart