The odds of an October rate cut have jumped to 94% 🚨🚨🚨
Source: CME Fed Watch tool, Barchart
Saudi Arabia’s stocks soar after reports that foreign ownership limits will be axed ‼️
The Capital Market Authority (CMA) is moving toward allowing foreigners to own majority stakes in local companies, Bloomberg reported. The Authority is close to approving a major amendment to raise the cap on foreign ownership in listed companies, which currently stands at 49%, the agency quoted CMA board member Abdulaziz Abdulmohsen bin Hassan as saying. He highlighted that the regulator is almost ready for this step and is awaiting approval from the relevant government entities. “It is prepared to move forward,” said the official, without specifying the final ownership cap that will be permitted for foreigners, expecting the decision to come into effect before the end of this year. Allowing foreign ownership to exceed 50% of capital in listed companies will increase the relative weights of Saudi stocks in MSCI indices, which could attract significant capital inflows, as these indices reduce the weight of companies that impose foreign ownership restrictions. Source: Argaam, Reuters
Germany versus Nvidia
The German stock market keeps lagging in the AI era. The entire German market is valued at ~$3tn, well below Nvidia’s nearly $4.5tn market cap. Germany-to-Nvidia now stands at 0.67, near an all-time low. Source: HolgerZ, Bloomberg
Gold is on pace for its best year since 1979, up over 42% in 2025.
Source: Charlie Bilello
France is replacing Italy as Europe’s poster child of fiscal woe
Source: Bloomberg
Which countries receive the most H-1B visas
Source: Bloomberg
Scott Bessent signaled that the U.S. is prepared to support Argentina amid its economic crisis, viewing the country as a key ally in Latin America.
He outlined possible measures—such as swap lines, dollar purchases, and using the Treasury’s Exchange Stabilization Fund to buy Argentine debt—showing Washington’s seriousness. The support is linked to President Javier Milei’s reform agenda, which Bessent praises for its focus on fiscal discipline and growth. U.S. backing could stabilize the peso, restore investor confidence, and counter China’s influence in the region. However, it carries risks: taxpayer exposure, Argentina’s history of failed reforms, and the danger of dependency. Bessent stressed that U.S. aid will only come with expectations of real follow-through from Buenos Aires, making success dependent on Argentina’s political and economic discipline. Source: StockMarket.news
$NVDA Nvidia is investing $100bn into OpenAI OpenAI can then buy chips from Nvidia.
OpenAI can then buy chips from Nvidia. And rent capacity from cloud providers who buy chips from Nvidia? Sounds a bit like the new circular AI economy... Source: Wasteland Capital
