Nasdaq losses steam amid mixed earnings results from Netflix and Tesla, TSMC reports first profit drop in 4 years as electronics demand slump continues, ALL about outlook for Q3 and Q4, both TSLA and Netflix disappointed there! >>> Jobless claims, existing home sales and more later on
Japan lifts FY 2023 inflation outlook to 2.6%, above BOJ's target >>> setting BoJ up next week ???
When rates rise we have to reduce price of cars (as funding is more costly) - Musk...
The US government interest payments on the Federal debt are now higher than the annual defense spending
The S&P 500 is now 5% higher than where it was when the Fed started hiking rates in March 2022
SNP admits to felling 16 million trees to develop wind farms. Scottish Tory MSP Liam Kerr said figure would astonish the public and communities all over the country had cited concerns about the projects
India's Tata chooses UK for $5 bln Jaguar Land Rover gigafactory
Convicted Ponzi schemer granted clemency by Trump charged with new Ponzi scheme
Markets :
Value (quality balance-sheets) over growth again ???..
Equity consensus bullish sentiment has climbed to its highest level since Jan 2022
JPY focus going into BoJ meeting >>> buy a few JPY calls seems the trade
NQ slightly off, huge run up in some of these names, no need to elaborate much, AI etc and the SPX7, but we'll keep sayin git is ALL about guidance and Q3 and Q4, it is where NFLX and TSLA failed last night..
Crude and commods firm still, usd weakness helping too, Very interesting levels in XAG and Gold too, quietly grinding higher..
great podcast as usual
Stronger data, RBA can flip-flop again..
excellent stuff from CB
and there is this to come US Student Loan Repayments: Study Finds $500 Hit to Monthly Budgets - Bloomberg
USDJPY and EURJPY (blue) >> which one would you short ?...
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