top of page

Binance.. / France: 'global taxation' / Meme stocks / Chicago eco conditions! / Venezuela / U.S CPI next

  • Writer: Stéphan
    Stéphan
  • Oct 24
  • 3 min read
ree

  • France just officially proposed global taxation for the National Budget of 2026 >>> clearly a risk going forward in many countries

  • Markets : Chicago Fed latest survey of economic conditions, hiring expectations for next year have tumbled and are at lowest since depths of pandemic (thread and chart), HF's reach $5trn in AUM, Banks led by JPMorgan and MUFG are preparing a record $38 billion debt sale for Oracle-linked data centers, the largest AI infrastructure deal to hit the market, EU leaders stall EUR140bn UKR loan using frozen russian assets, PM Takaichi vows to boost defence budget >>> Eq Futures held gains, shy of ATH's, buoyed by news that Trump and Xi Jinping will meet next Thursday on the sidelines of APEC..

  • Geopolitics : It looks like both the Russians and Ukrainians are ready to fight until one’s complete peril, bit scary really, Putin not happy with Trump clearly, Venezuela risk also on the increase #warondrugs , and Israel/gaza still in background..

  • Trump has pardoned Binance founder Changpeng Zhao, whose crypto exchange has been boosting the Trump family’s own crypto venture, WSJ reports, grifters will be grifters....Trump terminates trade talks with Canada

  • Hot momentum stocks : '''the cost of money dictates the value of future dreams and thematic ideas/stocks''', take OKLO or a Rigetti in the quantum sector, both are LONG duration assets, companies that will most likely be transformational, ok, but they still do NOT generate cash...so when financial conditions tighten, markets required higher returns for this risk (and vice versa..), and market starts discounting those cash flows that are still years ahead, with a harder view/price.. just about the assumption of for ever liqudiity changes and impact those stocks, greatly and quickly..







Chicago is a good view of the real economy manuf, logistics, small firms that are all tied to supply chains, (big techs dont care)..tighter conditions, shifting consumer habits, smaller firms feel the squeeze, suddenly they freeze hiring as costs go higher, and clients go quiet.. if wage growth cool next, the FED will he happy about inflation



Shocking really..












 
 
 

Comments

bottom of page