Total Put/Call Ratio falls to its lowest level since 2020
Bulls are going for it 🚀 Source. Barchart
🚨 HUGE Week Ahead for Global Markets! 🚨
Four major central banks. One defining week. Here’s what’s coming 👇 💵 Federal Reserve — Expected to cut rates by 0.25% on Wednesday, and all eyes are on what comes next for its Quantitative Tightening (QT) program. 🇨🇦 Bank of Canada — Also forecasted to trim rates by 0.25%, signaling growing concern over slowing growth. 🇪🇺 European Central Bank — Likely to hold steady, keeping the focus on inflation trends across the Eurozone. 🇯🇵 Bank of Japan — Expected to stay the course, balancing yen weakness with cautious optimism. This week could set the tone for global liquidity, currencies, and market sentiment heading into year-end. 🌍.
$7,000,000,000,000 sitting in money markets.
As rates come down that $7T will go somewhere. Where? • Gold • Bitcoin • Real Estate • Stocks Source: Grant Cardone
Is the Buffett rule sounding the alarm?
Since the 1990s, global financial assets have grown from 75% to over 200% of world GDP. Source: HolgerZ, Goldman
Gold, Utilities, healthcare and consumer staples are leading the S&P 500 this month
Source: WSJ
US funding market stress >>> Surging SOFR rates signaling a liquidity shortage
The most important indicator, as always, remains the SOFR rate: should the recent drift higher continue, the self-fulfilling cascade of a liquidity shortage will almost certainly be activated. And it did worsen... Source: zerohedge
Key Events This Week:
1. OPEC Monthly Report - Monday 2. Fed Chair Powell Speaks - Tuesday 3. NY Fed Manufacturing Index - Wednesday 4. Philly Fed Manufacturing Index - Thursday 5. NAHB Housing Market Index - Thursday 6. ~10% of S&P 500 Companies Report Earnings The data blackout on the US government shutdown continues.
Key Upcoming Events This Week:
Tuesday - NY Fed Inflation Expectations data Wednesday - Fed meeting minutes release Thursday - Fed Chair Powell speech Friday - MI Consumer Sentiment & Expectations data, September Jobs Report (if govt shutdown ends) Source: investing.com
