Syz the moment

India Will Soon Test ‘E-Rupee’ Digital Currency. The Reserve Bank of India has proposed a phased pilot of its version of a Central Bank Digital Currency, according to a paper released by the agency . In what was published as a “concept note,” India’s central bank outlined its vision for a digital version of the rupee, referred to as the e-rupee. The RBI plans on rolling out the e-rupee in limited pilot launches, with the intent of implementing it as an additional form of currency issued alongside paper money Source: Decrypt

China PPI vs. US PPI Source: Allianz

In Case You Missed It ... A Short Jim Cramer ETF Was Filed with the SEC. Tuttle Capital Management via Northern Lights Fund Trust IV filed last week for an 'Inverse Cramer ETF' and 'Long Cramer ETF'. The proposed ticker for the short Cramer ETF is SJIM and for the long Cramer ETF is LJIM. Source: steetinsider, tuttlecapital

Wall Street banks slash $34bn from earnings forecasts for big companies. Analysts are expecting companies listed on the S&P 500 index to post earnings-per-share growth of 2.6% in the July to September quarter, compared with the same period a year earlier, according to FactSet data. That figure has fallen from 9.8 % at the start of July, and if accurate would mark the weakest quarter since the July to September period in 2020. Source: FT

Dow Jones volatility is now ABOVE bitcoin volatility (using last 10d realized)... Source: BofA

Nasdaq 100 ETF ($QQQ) at a critical juncture. A break from its current support could accelerate the downside. Source: Bloomberg, Crescat Capital

Banking assets in China have grown 7 fold since the Global Financial Crisis. That completely dwarfs the growth of other major economies. China’s banking assets are almost 3x of its GDP. Hong Kong is close to 9.3x today. Source: Crescat Capital, Bloomberg

Third-quarter earnings season begins next week with several big banks reporting; Citigroup, JP Morgan Chase, Morgan Stanley all set to report. Source: Earnings Whispers