🌍 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
Hannover Rueck – Higher Low Confirmed!
After an 18% consolidation since May, Hannover Rueck seems to be regaining strength. A first low formed in September, followed by a 12% rebound — a sign of buyers stepping back in. Recently, the stock retested the double support zone and confirmed a higher low, strengthening the case for a potential trend reversal and offering what looks like a second opportunity for momentum traders. Source: Bloomberg
Tesla said shareholders voted in favor of CEO Elon Musk’s almost $1 trillion pay plan, with 75% support.
Board members recommended shareholders approve the pay plan, which they introduced in September. Top proxy advisors Glass Lewis and ISS recommended voting against it. Results of the vote were announced on Thursday at the company’s annual shareholders meeting in Austin, Texas. The package for Musk consists of 12 tranches of shares to be granted if Tesla hits certain milestones over the next decade. It would also give Musk increased voting power over the company, acceding to demands that he’s made publicly since early 2024. The full award would give Musk, who already holds about 13% of the EV maker, more than 423 million additional shares and take his stake to about 25%. Musk would receive the first tranche of stock if Tesla hits a market capitalization of $2 trillion. Tesla’s current market cap is $1.54 trillion. The next nine tranches would be awarded if Tesla’s value increases by increments of $500 billion, up to $6.5 trillion. Musk would earn the last two tranches if the market cap rises by increments of $1 trillion, meaning it would need to hit $8.5 trillion for Musk to get the full package. Other goals tied to the pay plan include reaching 20 million vehicle deliveries, 10 million active FSD subscriptions, 1 million bots delivered and 1 million robotaxis in commercial operation. To date, Tesla has delivered more than 8 million vehicles, according to its September proxy statement. Source: CNBC
Gold and gold miners together represent about 5% of total global assets.
That is approximately 7–5 times below the highs reached in prior cycles. Source: Tavi Costa, Bloomberg
Yesterday was officially the first day Bank of America stock has fully recovered from the Global Financial Crisis.
Source: Dividendology @dividendology
While everyone’s watching bitcoin… stablecoins quietly crossed $311 BILLION in circulation — processing more payments than Visa this year.
And nobody’s talking about it. Tether & Circle now hold $200B+ in U.S. Treasuries, earning $15B/year in interest — while moving $10 TRILLION across a system Wall Street can’t even see. Every stablecoin = a Treasury bond purchased. Every transaction = U.S. dollar dominance extended. Latin America runs on USD stables. The Middle East moves crisis liquidity through them. Corporates slash cross-border costs 70% — no banks, no permission, no friction. Welcome to the Eurodollar 2.0 era: faster, traceable, and Congress-approved. 📊 The numbers don’t lie: $1.5T Treasury demand by 2027 $50B+ in annual U.S. debt savings 55% growth in ten months 1-second settlement Meanwhile… China’s digital yuan? still not there. Where could we be heading by 2028? 💵 $2T in circulation? 🌍 25% of global remittances? 🏦 Trillions in tokenized assets? 🔗 A fully re-plumbed global financial system? The U.S. Dollar went digital — and didn’t even ask permission. Source: Shanaka Anslem Perera ⚡ @shanaka86 on X
Challenger Job cuts was one of the reasons for the equity market weakness yesterday..
Given the lack of government data, any report gets huge attention... Source: RBC, Bloomberg
