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BoC peak / Chevron buyback / Kolanovic not a bull / TSLA 'beat' / Copper





  • Tesla reported better-than expected profits in the latest quarter, even as it gave mixed signals on the outlook for growth in vehicle deliveries

  • Former Fed economist John Roberts: What if inflation comes down faster than the Fed expects? (thread below)

  • Japanese PM Kishida said this morning that he will create the environment for above inflation pay rises and the government will work closely with the BoJ to actively manage policy

  • Half-term ski holidays in France are facing disruption after lift operators announced "unlimited" strikes in resorts next month over Emmanuel Macron's pension reforms

  • Natural disasters caused $313 bln economic loss in 2022 - Aon

  • Chevron announces $75 billion stock buyback, dividend boost

  • ‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

  • Bank Of Canada At The Peak

  • India’s Adani Group is exploring legal action against US investor Hindenburg Research after its report accused firms owned by Asia's richest man of “brazen” market manipulation and accounting fraud

 

Markets :
  • SPX500 'short gamma' making daily move a little worrying, but slowly working through resistance, grinding higher/momentum should take us towards 4150 area again. Markets holding up pretty overall, VIX lower, UST yields soft

  • USD remains weak overall, hard to see why this should change in near future. Even CABLE testing big resistance levels around 1.2425 area, AUD up and away etc

  • Commods broadly speaking firmer too-China reopens, Copper higher

  • GOLD steady/higher still

 









wasn't he all bullish last 18months..





Copper





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