#NVDA /JOLTS lower since '21 / MS downgrades MXN stocks / China Caixin services : 10mos highs / BoC cut priced in, ECB up next & NFP

China’s services sector expanded at its fastest pace since July last year, the Caixin survey showed, pointing to resilience that may alleviate concerns over the economy’s outlook after weak official figures
2y inflation expectations in the US are back to lowest since the start of the year >>> cooling down
BoC meeting this afternoon, will they be the 1st of the G7 CB to cut in this cycle (25bp cut mostly priced in..)
JOLTs indicated that Job Openings declined from 8.49 million in March to 8.06 million in April, compared to analyst consensus of 8.34 million >> cooling down
The U.S manufacturing side of the economy appears to have stalled / ISM, has been below 50 for about 18months..
GameStop whale 'Roaring Kitty' may be removed on E*Trade over anipulation concerns
Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low
Crude oil is sharply lower this week after the OPEC+ meeting as the market appears to be well supplied + relatively soft/mild/slower macro economic data >>> time to refill the #SPR Mr President
Equity markets mixed : lots going on underneath, decent profit taking in commods, energy, oil, transport, hotels, auto retailers, airlines, while mega caps, shipping doing well and NVDA makes new highs every day >>> #NVDA Nvidia accounts for about 40% of the S&P 500's gain YTD, read that again...
Morgan Stanley ditched its positive view on Mexican stocks following the election of Claudia Sheinbaum, the incoming leftist leader who is expected to take office with stronger-than-expected legislative support