Nestle Showing Bullish Signs on Intraday Chart
Nestle (NESN SW) has consolidated 37% since January 2022 and recently reached a major swing support zone at 83.37-86.91. The intraday chart is starting to show bullish signs, though it’s still a bit early to confirm a trend reversal. Stay alert for further signals! Source: Bloomberg
CHINA'S INDUSTRIAL PROFITS FELL TO THE LOWEST SINCE THE COVID CRISIS
Industrial profits at large Chinese companies PLUMMETED 27.1% year-over-year in September, the most since the COVID CRISIS. This is after they FELL 17.8% in August. China is in deep economic trouble. Source: Global Markets Investor, Bloomberg
Strong momentum for Solana $SOL and poor momentum for Ethereum $ETH
Source: SolanaFloor
Consistency
Source: Yasin Arafeh
European stocks are hit by a ‘Trump effect’ as odds tilt towards Republican win.
A basket of 22 European stocks exposed to US tariffs compiled by Goldman Sachs has tumbled 5% since late September as the former president’s odds of an election victory shorten. The basket, which includes Diageo, Porsche, Mercedes, Adidas or Moller Maersk is now down 11% this year, compared with an 8% rise for the broader European stock market and 22.5% for the S&P500. Source: HolgerZ, Bloomberg
The next 10 days could be a big deal for bonds
Source: Markets & Mayhem
As the market has now fully priced in a second trump presidency, the S&P500 is about to enter the best 3 month period of the year: November - January.
Below is the cycle composite for the SP500... (The trend is more important than the level). Source: J-C Parets
🚨US FEDERAL DEBT IS SKYROCKETING🚨
The US public debt just hit another RECORD of $35.8 TRILLION. In less than a month, the total debt SPIKED by $700 BILLION. This is $23 BILLION A DAY. To make things worse, these forecasts assume lower interest rates over the next year... Source: Global Markets Investor
