Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
- All
- us
- equities
- Food for Thoughts
- macro
- sp500
- Bonds
- Asia
- Central banks
- markets
- bitcoin
- technical analysis
- investing
- inflation
- europe
- interest-rates
- Crypto
- Commodities
- geopolitics
- performance
- ETF
- gold
- nvidia
- AI
- tech
- earnings
- Forex
- Real Estate
- oil
- bank
- Volatility
- FederalReserve
- nasdaq
- apple
- emerging-markets
- magnificent-7
- Alternatives
- energy
- switzerland
- trading
- sentiment
- tesla
- Money Market
- russia
- France
- ESG
- UK
- assetmanagement
- Middle East
- amazon
- ethereum
- microsoft
- meta
- bankruptcy
- china
- Industrial-production
- Turkey
- Healthcare
- Global Markets Outlook
- recession
- africa
- brics
- Market Outlook
- Yields
- Focus
- shipping
- wages
🚨 There is now a 99% chance of a 25 bps interest rate cut at next week's FOMC Meeting 🚨
Source: Barchart
Interesting point of view by Dr. Ed Yardeni:
"28 days since the 1st rate cut and 10-Yr. yield is up nearly +60bps. The 1995 Soft Landing rate cut cycle is almost a mirror image, as it also started its descent a few days later, a potential post-election outcome". There is one big difference though: the fiscal 6 debt situation in the US now vs. 1995... Source: Seth Golden @SethCL
In case you missed it... Atlanta Fed President Raphael Bostic is okay with skipping rate cut in November 🚨
Source: Barchart
US credit card interest rates hit 23.4% in August, a new record.
Over the last 2 years, rates have soared by 7 percentage points. US consumers now have a record $1.36 trillion in credit card debt and other revolving credit meaning they pay a massive $318 billion annual interest. To put this into perspective, Americans paid just half of that in 2019 at ~$160 billion. Meanwhile, credit card serious delinquency rates are at 7%, the highest level since 2011. Source: The Kobeissi Letter
Market pricing for another 50 bps rate cut at the Fed's next meeting two days after the election is now up to 60%.
@CMEGroup
US CREDIT CARD INTEREST RATES ARE AT ALL-TIME HIGHS
US credit card rates remain at record highs of ~22%. US credit card debt is now ~$1.14 trillion, also at an all-time high. This means Americans pay ~$250 billion in average interest payments on credit cards a year. Source: Global Markets Investor
🚨WHAT? US stocks fell after a 0.50% rate cut?🚨
Markets were very mixed after the Fed 'Jumbo' reduction. Big cuts are not usually a good sign BUT... Day 1 is usually not the REAL reaction. We need to wait 2 more trading sessions to see what's really going on. Market performance today: S&P 500 -0.3% Nasdaq -0.3% Russell 2000 +0.0% Dow Jones -0.3% Bitcoin +0.1% Bank Index +0.4% VIX +4%, front month futures VIX -1% Gold -0.6% WTI Crude Oil -1.3% Source. Global Markets Investor
Investing with intelligence
Our latest research, commentary and market outlooks