US 10-Year Yield Back on Major Support Zone
Since October 2023, the US 10-year yield has been consolidating from its peak of 5%, and it's now reaching a major support zone between 3.24-3.64. After nearly a 30% consolidation, the big question is: will this level hold? Source: Bloomberg
ASML in a More Complex Consolidation
At the beginning of August, ASML broke the swing support at 804, sending the stock into a more complex consolidation. It is now testing the support zone between 635-682 for the second time. If this level breaks, the next major support zone to watch is between 534-566. Source: Bloomberg
US Presidential debate: Not all topics have been tackled...
Nothing about government spending. Nothing about national debt. Nothing about taxes. Meanwhile, the US debt clock is ticking... Source: Kurt Altrichter on X
$ALLY tumbled 17.5% yesterday as auto loan repayments see rising delinquency rates spook investors
More evidence that a growing portion of consumers are increasingly struggling. Source: Markets & Mayhem
🚨US BANKRUPTCIES ARE ON THE RISE🚨
The number of bankruptcy filings hit 452 year-to-date, the 2nd largest in 13 YEARS. In August alone, 63 companies went under, the 4th LARGEST since the COVID CRISIS. Most bankruptcies have been seen in the consumer discretionary sector. Source: Global Markets Investor
Harris is tonight's winner based on betting markets
Source: David Ingles, Bloomberg
In the US, Total credit card debt is at an all-time high while the personal savings rate is record low!
Source: www.zerohedge.com
Oil prices tumble to their lowest level since December 2021 on global growth worries.
Brent crude dropped <$70/bbl after the Saudi-led OPEC cut its growth projections for the world's appetite for oil. Source: HolgerZ, Bloomberg
