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U.S CPI core 3.3%, 10's UST 4.45%, HSI > 20K / USD up / Reps win House, confirms control both houses in Congress

  • Writer: Stéphan
    Stéphan
  • Nov 14, 2024
  • 3 min read


  • Overnight : Chinese markets in heavy losses again, Trump Team coming together fast, the Republicans have both Houses, #cleansweep confirmed ! India's world-beating stock market entered a correction this week, down 10% testing 200dma levels, #USDCAD tested 1.40+ first time since early 2020, U.S CPI core still 3.3%, sticky! USDollar pushign higher still

  • #OpenAI, Google and Anthropic Are Struggling to Build More Advanced #AI

  • Musalem says Fed in 'last mile' of inflation fight, but recent data raise risks

  • China is catching up with the West on tech, Microsoft president says

  • Linus Torvalds slams AI as ‘90% marketing and 10% reality’

  • Big surprise that Senator John Thune becomes Senate Majority Leader - good news re tariffs? last year he co-sponsored bipartisan Bill to start trade deal with UK “Now is time to strengthen our economic and strategic relationship with the United Kingdom…” and The irony of the "Department of Government Efficiency" having two people do one job.... if nothing else, for sure it will be very entertaining ! >>>> Trump's Second Term : For Europe, the Next US President Is a Shock—and a Catalyst for Change

  • Trump is demanding an important change to the Senate confirmation process (Obama and others used them at will ...)

  • Saudi Arabia’s Neom replaces its CEO amid reports of delays and cutbacks

  • #DOGE department is opnly good for #dogecoin

  • Reeves to force UK council pensions to consolidate into 8 ‘megafunds’. Chancellor to target minimum size for multiemployer defined contribution schemes of £25bn to £50bn

  • Ukraine’s bonds jump as investors bet Trump will end war

  • In October, the Fed reduced its portfolio of assets by $53 billion, hitting $6.99 trillion, 1st time below 7trn since Aug 2020 (top 9trn)

  • French cross-border workers in Switzerland fear ‘discriminatory’ unemployment reform


 








How will Trumponomics work out? | PIIE Trying to think through the implications of Trumponomics: deportations, tariffs and lower taxes. Main conclusions. It will not work out as he hopes. But it will also not be the catastrophe some predict. The main issue may be inflationary pressure, setting up a fight with the Fed

https://x.com/PeterSchiff/status/1856709893459464379 Even if the Trump administration actually proposes some of the DOGE recommendations, they mean nothing unless Congress votes to pass them, which it won’t.









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