FED pricing is back to about 40bps for Sep, went as high as 60bps or so on Monday, BoJ 'admitting' they wouldn't hike anymore if markets are volatile/unstable, not a good sign really, decent JPY (USDJPY highs 148 and now resistance-previous support..) & Nikkei squeeze overnight, it remains a relatively volatile market, most opinion will change daily...depending on price action...stay cool focus on your own risk management >>> US Treasury auctions (3-, 10-, 30-year) are key as yields hit the lowest since Dec 2023
Markets will remain volatile intra-day for a while, so long as VIX remains 20+ (it's not dead near 12-13 anymore..), the market is still highly leveraged, many 'real money' didn't do much on Monday/Tuesday, if VaR's remain high, expect better Eq sellers' on rallies, reducing risk on owned positions
Harris' pick of Walz amps up excitement in Midwestern states where Democrats look to heal divisions
Saudi Aramco to pay $31B in dividend despite declining profit - see below
SunPower, once a venerated name in the US solar industry, has filed for bankruptcy , in 2021, at the peak of the ESG bubble, SunPower was worth >9 billion
#APPL Buffet got out for many reasons, including this one : Google antitrust ruling may pose $20 billion risk for Apple #GOOG
#NOVO after huge rally YTD - another darling stock struggling after missing estimate
Police are braced for riots in at least 30 locations today after more than a week of violence across the UK
Mercedes-Benz EQE Fire Incident Raises Questions About Chinese EV Battery Safety
#JPY : the nature of carry trades : they go up on the escalator and down the elevator...always
Harris' pick of Walz amps up excitement in Midwestern states where Democrats look to heal divisions (msn.com)
S&P Global's Dan Yergin: 'Quite striking' oil markets haven't preemptively priced in Mideast tension (cnbc.com)
Thousands of police braced for day of riots as Elon Musk fans flames with tirade against Starmer | The Independent he's struggling, so he's spreading propaganda, and suing other companies for not spending on his platform..
'It's war': X sues companies for not advertising on its platform (msn.com) ... Taste of thimgs to come in US in November.. whatever the outcome... UK Riots: Elon Musk’s X Drove Lies Right Through a UK Loophole - Bloomberg
Javier Blas on X: "Saudi Aramco keeps its quarterly dividend (important for the government’s finances) at $31 bn, well above its free cash flow of $19 bn. Aramco is depleting its cash reserves to keep Mohammed bin Salman’s spending plans on track. At some point, a dividend cut is coming | #OOTT https://t.co/N4S22uQzj7" / X
Michael Burry Stock Tracker ♟ on X: "Grab a cup of coffee, you won't want to miss this Many are speculating that this week's sell off in the market is due to Bank of Japan's unexpected large interest rate hike which led to a massive unwinding of the yen carry trade Let's breakdown exactly happened 🧵: https://t.co/Kew8T5zntz" / X and What is the yen carry trade and why does it matter now? – The Armchair Trader >>> bottom line, a combination of events, suddenly triggers an overconfident and overleveraged markets, which said for months that nothing wrong can happen/it's all good, and suddenly it does.. it always comes along over the years, always, when markets get overly confident, nature of carry trades : they go up on the escalator and down the elevator...always
SunPower files for bankruptcy, enters stalking horse asset purchase deal with Complete Solaria (msn.com)
Palantir CEO Alex Karp Warns Of Severe 'Violent Interactions' In Middle East, Reaffirms Support For Israel — Stock Surges Over 12% In After-Hours Trading (msn.com)
we could go back to 148 area, markets on high vols now #USDJPY
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