🏇 The race to $4 Trillion...
Apple $AAPL $3,369,000,000,000 NVIDIA $NVDA $3,320,000,000,000 Microsoft $MSFT $3,051,000,000,000 Who will be the first to hit $4 trillion market cap? Source: Trendspider
This is how Europe continues to do business with Russia - exporting through Kyrgystan (among others)
Source: Robin Brooks on X
😱 US JOB MARKET IS MUCH WEAKER THAN IT SEEMS 😱
Since January 2023, the number of jobs have been revised DOWN by A MASSIVE 471,000, the most since the 2008 Financial Crisis. Monthly nonfarm payrolls have been revised DOWNWARD in 14 out of the last 21 months. Source: Global Markets Investor
Halloween Day Massacre $SPY
$953 BILLION was wiped out from the US stock market yesterday. Bloomberg, WallStreetbets
Core PCE is closer to 3 than 2
And ticked UP in the last month Source: Amy Niyom
🚨 US ELECTION UPDATE >>> The "Trump trade" took a hit yesterdy (see bitcoin now trading below $70k).
One of the reasons could be this: Yesterday saw a big jump in Kamala's Michigan odds where she is again back on top; Wisconsin is also on the cusp of going back blue. After Trump had a comfortable lead in all swing states over the past week (he still leads comfortably in AZ, NC, PA, NV, GA) there has been a reversal in MI and WI. Thuis makes the race tighter hence some profit taking. Source: zerohedge
UK borrowing costs hit highest level this year as gilt sell-off intensifies.
This should not come as a surprise, Eurizon SLJ Research's Stephen Jen says: When the debt stock is 99% of GDP, and the govt imposes the largest tax hike post-WWII and the largest increase in spending in multi-decades, why should one be surprised that the bond market shows signs of indigestion? Source: HolgerZ, FT
Since The Fed cut rates, USA Sovereign risk has exploded higher...
Source: www.zerohedge.com, Bloomberg
