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
As the market has now fully priced in a second trump presidency, the S&P500 is about to enter the best 3 month period of the year: November - January.
Below is the cycle composite for the SP500... (The trend is more important than the level). Source: J-C Parets
🚨US FEDERAL DEBT IS SKYROCKETING🚨
The US public debt just hit another RECORD of $35.8 TRILLION. In less than a month, the total debt SPIKED by $700 BILLION. This is $23 BILLION A DAY. To make things worse, these forecasts assume lower interest rates over the next year... Source: Global Markets Investor
The US public debt situation is going to get worse:
US net interest payments as a share of GDP are expected to reach a record 4.6% next year. That would more than DOUBLE World War 2 levels and exceed the all-time highs seen in the 1990s. This is also much higher than net interest as a % of GDP in all 38 OECD countries. Countries with relatively high interest such as Greece, Ireland, Spain, and Portugal are expected to reach interest-to-GDP ratios that are HALF the size of the US. To make things worse, these forecasts assume lower interest rates over the next year. Source: The Kobeissi Letter, OECD, Tavi Costa
👉 JUST IN: Microsoft asks shareholders to vote on whether to consider investing in Bitcoin!
Source: Swan on X
