According to RT, Russia has conducted a major exercise aimed at testing its strategic nuclear forces, the Kremlin said on Wednesday
The drills focused on the simulated delivery of ‘a massive nuclear strike by the strategic offensive-oriented forces in response to a nuclear strike by a simulated enemy’. Note that gold and bitcoin both jumped on the news.
US deficit is doubling as US Economy grows shows why yields are at 5%
Source: Bitcoin magazine
BlackRock's iShares Bitcoin Trust is now re-listed on the Depository Trust & Clearing Corporation $IBTC
Source: Bitcoin magazine
A Big drop in US flash PMI selling price gauge in October brings the FOMC 2% target into focus for the first time in three years
Source: Chris Williamson
Reckitt Benckiser on major level
Reckitt Benckiser (RKT LN) had a strong reversal yesterday (Hammer candle) on strong volume. The reversal happend on March 2020 uptrend support and the low of the day tested tested major support zone 5400-5500 (rebound zone 7 times since 2015 !!!). Source : Bloomberg
Georg Fischer reached major support
Georg Fischer (GF SW) is now down 35% since March ! Stock just tested major support 45.86, this was July and September 2022 lows. Keep an eye at the close. Source : Bloomberg
Alphabet under pressure after earnings
Alphabet (GOOGL US) is down more than 8% after earnings. Stock is testing support 127.22 (latest swing low). Keep an eye at the closing price. Source : Bloomberg
Cloud growth is all what matters to the market these days
Unlike Alphabet/Google, Microsoft shares jumped as much as 6% in extended trading Tuesday after the software maker issued fiscal first-quarter results and quarterly revenue guidance that beat Wall Street estimates. Microsoft’s Intelligent Cloud segment produced $24.26 billion in revenue, up 19% and above the $23.49 billion consensus among analysts surveyed by StreetAccount. The unit comprises the Azure public cloud, SQL Server, Windows Server, Visual Studio, Nuance, GitHub and enterprise services. The firm also reported a surge in profit due to a slower pace of operating expense growth. In a nutshell: $MSFT Microsoft Q1 FY24 (ending in Sept): • Revenue +13% Y/Y to $56.5B ($1.95B beat). • Gross margin 71% (+2pp Y/Y) • Operating margin 48% (+5pp Y/Y). • EPS $2.99 ($0.34 beat). ☁️ Azure +28% fx neutral. Reaccelerating from +27% in Q4 FY23 Source: App Economy Insights
