Is "America's exceptionalism" too much of a crowded trade?
Watch out The Economist cover below 👇
Gold hits a new all-time high 👇
Source: Barchart
🚨THIS HAS HAPPENED ONLY 3 TIMES AFTER THE GREAT FINANCIAL CRISIS🚨
US corporate executives of the S&P 500 companies have been buying the least stock since the start of the 2021 bear market. Chart: @jasongoepfert thru Global Markets Investor
With a market cap of $3.4 trillion, Nvidia is trying to catch the entire value of Japan's Nikkei 225 index.
Source: Jeff Weniger
Bitcoin ETFs have crossed $20b in total net flows (the most important number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b.
For context, it took gold ETFs about 5 years to reach same number. Total assets now $65b, also a high water mark. Source: Eric Balchunas, Bloomberg
Polymarket: Trump's odds are up 2.5% after Kamala Harris' Fox News interview.
He now has a 24% lead.
The mainstream lost its monopoly over media.
Now it's losing its monopoly over polls, prediction markets and shaping public opinion as trust shifts to independent new entities Source: www.zerohedge.com
China's Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus
China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. See below key China GDP data: Q3 GDP 4.6% y/y [Est.+4.5%] Q1-Q3 GDP 4.8% y/y [Prev.+5.0%] Sept retail sales 3.2% y/y [Est.2.5%] Sept industrial growth 5.4% y/y [Est.4.5%] Jan-Sept fixed asset investment 3.4% y/y [Est.3.3%] Sept Unemployment 5.1% [Prev. 5.3%] Source: Reuters, MacroMicro
