Swiss Inflation softer, remember the pretty large downward revision to the SNBs infl projections in Sep ? October CPI pushing projections even lower >>> as discussed recently, SNB will do 50bps in Dec (40bps priced in mind), CHF too strong... >>> when does Mr Market go back with the swiss carry trade ?...
U.S. election down to the wire, poll shave 50/50, the outside bet from here on.. is Kamala win by a decent margin
AAPL slight disappointment on guidance (again) but services a cash machine and pretty upbeat AMZN, 57% of AMZN revenue is services that's pretty incredible too, growth or lack of growth in new products becoming an issue though
Spain floodings: The extraordinary downpours were driven in part by higher temperatures in the Mediterranean, a largely enclosed sea whose warmth is a store of energy that can only be released via evaporation, creating the conditions for intense storms
Donald Trump is promising big tariffs. Businesses are ready to hike prices
UK Budget poses new challenge for public finances, Moody’s warns. Rating agency also says country still faces muted economic growth
China Manufacturing Activity Picks Up as Stimulus Kicks In, Caixin PMI Shows. China tells carmakers to pause investment in EU countries backing EV tariffs, sources say
Poland has started construction of the Eastern Shield on the border with Belarus and Russia, – Prime Minister Donald Tusk
NVIDIA’s Major Customer – Super Micro Computer (SMCI) – Plunges As Its Accounting Firm Resigns After Citing Concerns Around A “Commitment To Integrity And Ethical Values”
Lake Tahoe voters may hit vacation homes with a $3,000 tax as 44% of housing units are vacant most of the time, a sign many politicians are thinking about it around the world..
Israeli intel suggests Iran preparing major retaliatory strike from Iraq within days/AXIOS
Yet...Japan opposition party chief: BoJ should not raise interest rates for at least half a year
Nick Timiraos on X: "The core PCE index rose 0.25% in September. The 12-month rate was 2.7%. The 3- and 6-month annualized rates were both 2.3%. https://t.co/oahQdVWDKu" / X
In the long run, it pays to be a market optimist
Philoinvestor on X: "$AAPL Selling for $3.43trln. FY 2024 Net Income at $94bln, so ~34X Earnings. Yet no growth... In fact, PRODUCTS had a negative growth, saved by Services. https://t.co/U6irv0Nkzq" / X
Apple services is $100 billion per year juggernaut but growth slowing phenomenal cash machine, excellent but no real growth
He can do this.. Apple to pay $490m to settle claims it misled investors over sales in China | Apple | The Guardian
Its not all that bad ? .. Rule changes risk bleak future for family-run farms
Spain floodings: The extraordinary downpours were driven in part by higher temperatures in the Mediterranean, a largely enclosed sea whose warmth is a store of energy that can only be released via evaporation, creating the conditions for intense storms.
Francisco Martín León, a meteorologist at global weather network Meteored, said the Mediterranean was acting as a “petrol can” by feeding water vapour — the fuel for rainfall — into the atmosphere. Scientists say that process has been exacerbated by climate change.
“Then the fire that ignites it for us is a cold front or area of low pressure” that crashes into that humidity, as occurred this week, he said. In Spain the phenomenon is known as DANA, an acronym for a high-altitude isolated depression.
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