US companies announced 153k job cuts in October, a 175% increase from a year ago.
This was the highest number of layoffs for any October in over 20 years and the most for any single month in Q4 since 2008. Source: Charlie Bilello, LSEG
The best performing stocks in the S&P 500 this year...
Source: Charlie Bilello
Senate reaches deal to end government shutdown
‼️
Germany, continues to lose ground on global stock markets.
The market value of German equities has dropped to just 2% of total global market capitalisation, as the early-year momentum has completely faded. Source: HolgerZ, Bloomberg
Lot of panic out there, but don't lose faith in November yet.
S&P 500 up 10% YTD heading into November? November higher 13 of the past 14 years. Final two months of the year higher 16 times in a row. Source: Ryan Detrick, CMT @RyanDetrick
The S&P 500 has gained 10% per year over the long run (including dividends) but that return hasn't come in a straight line.
Changes in investor sentiment have led to huge deviations from the 10% trendline at times, with periods of extreme greed (2000) & extreme fear (2009). $SPX Source: Charlie Bilello
🌍 G7 vs BRICS: The Global Power Shift Is On ⚖️
1️⃣ 💰 Debt: G7’s debt-to-GDP is 120%+, while BRICS sits around 60% — more fiscal freedom, less dependence on borrowing. 2️⃣ 👶 Demographics: G7 is aging fast, but BRICS nations enjoy a younger, growing workforce driving productivity and innovation. 3️⃣ ⚡ Energy Advantage: BRICS benefits from lower energy costs — a huge edge as AI ⚙️ and data centers drive up global power demand. 4️⃣ 📊 Fiscal Models: G7 relies on asset inflation & deficits to sustain wealth, while BRICS focuses on real income, production, and investment. 5️⃣ 🌏 Economic Gravity: At PPP, BRICS’ share of global GDP is set to surpass G7, shifting the world’s economic center eastward. 6️⃣ 🏅 Monetary Resilience: BRICS is exploring gold-backed systems and private gold ownership — a hedge against the West’s paper-asset dependence. 💡 Bottom line: The future of growth, energy, and real wealth is tilting east — and the world order is quietly being rewritten. ✨ Source : The Economist
A week ago, S&P 500 Q3 earnings were up 10.7% YoY.
Today is it 13.0%. Earnings continue to drive this bull market. Source: Ryan Detrick, CMT @RyanDetrick Carson
