Technology continues to lead
Source: J.C. Parets
Is the Buffett rule sounding the alarm?
Since the 1990s, global financial assets have grown from 75% to over 200% of world GDP. Source: HolgerZ, Goldman
It's over for bitcoin
Source: Bitcoin magazine
Retail investors bought nearly $2 BILLION of US stocks on Friday, Oct 10, following the market pullback.
This marks the BIGGEST buying day since the April 2025 sell-off and one of the largest on record. Mom-and-pop investors are still buying the dip. Source: Global Markets Investor, Vanda
US-China: some "positive" comments by Trump on Fox News overnight
“I'm not looking to destroy China” “China’s President XI is a smart man who is open for a deal” TRUMP CONFIRMS HIS MEETING WITH XI IS STILL ON. HE SAYS THINGS COULD CHANGE QUICKLY.
China’s gross domestic product expanded by 4.8% in the third quarter from a year ago, a slowdown from 5.2% in the second quarter, and the weakest in a year.
👉 Fixed-asset investment, which includes real estate, unexpectedly FELL by 0.5% in the first nine months of the year (Analysts polled by Reuters had forecast a 0.1% growth). This drop is alarming. The last time China recorded a contraction in fixed-asset investment was in 2020 during the pandemic, according to data going back to 1992 from Wind Information. The single-month September FAI declined by 9.8% based on estimates !!! 👉 Industrial production grew by 6.5% year-on-year in September, faster than the 5% forecast and 5.2% growth in the prior month. 👉 Retail sales rose 3% in September from a year ago, matching analyst forecasts. Source: CNBC, Augur Infinity
The performance gap between $QQQ and $BTC is widening again, and this time more dramatically.
Usually BTC and QQQ are mostly correlated until recently. Something has to give. Will QQQ go down to play catchup? Will BTC go up to play catchup? Will it be a blend of both? Source: Heisenberg @Mr_Derivatives
Gold, Utilities, healthcare and consumer staples are leading the S&P 500 this month
Source: WSJ
