Week ahead, OPEC report and US CPI (Tue), Powell and US PPI (Thursday), no less than 12 FED speakers all week, ongoing speculation about Trump's plans (Israel war, UKR/Russia war, tariffs, crypto through the roof #endthefed etc) >>> markets ignoring valuations and debt in this pretty total euphoria, USD stays strong too (Lighthizer hawk), and Trump team coming together, QQQ new highs as Tech dudes rule the show, proper #OligarchicCapitalism this looks like, so many #fakenews these days - hard to follow!
#EndtheFed Elon Musk endorses plan to let presidents meddle with Federal Reserve after Trump election win
FT - Trump needed neither consecutive terms nor crisis to cement his legacy. We will be living in Trumpland for decades
Olaf Scholz signals willingness for earlier German confidence vote
China NPC Unveils $1.4 trn Debt Swap: lifeline but stopped short of unleashing new big stimulus, keeping room to respond to a potential trade war with Trump, and China inflation surprised to downside: CPI to a lower-than-exp 0.3% YoY in Oct >>> response to Trump >>> China Courts U.S. Allies as Defense Against Trump’s Protectionism, fearing a U.S. tariff barrage, Beijing hopes to use ‘proactive’ tariff cuts and investment offers to draw American partners in Europe and Asia and Draghi wakes up Europe once again: "We need to negotiate with Trump, but all together and not in a scattered order."
Restaurant workers' jobs threatened by UK Budget, bosses warn
BofA: Cutting corp tax to 15% would boost SPX EPS by 4%. “Consumer Discretionary would be the biggest EPS beneficiary.”
S&P 500 just hit 6K, as US tech funds have seen a record $5 bn of outflows over the last 4 weeks
The interest payments on US National Debt have spiked to a record $1.15 trn annually, which is an increase of over 110% over the last 4years or so
Led By Donkeys on X: "How Musk broke Twitter and helped elect Trump (Location: Tesla European HQ, Amsterdam) https://t.co/eJG3Q8jCSW" / X huh
Was denied, who knows really..
Anton Gerashchenko on X: "‼️It seems the Russian economy is headed towards a collapse in 2025. And Putin knows this. While the Kremlin likes to pretend that their bloody war economy is doing better than ever, this is far from the truth. In attempts to stop runaway inflation due to increased defense https://t.co/oFY0tjXAMz" / X
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