Gaza ceasefire deal major breakthrough / FOMC minutes : divided / TSLA / Eq Market leadership flipping / Bessent
- Stéphan
- Oct 9
- 3 min read
Markets : Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show (priced in), Bessent grilled Fed chair candidates on rates and QE, TSLA's cheaper new car that isn't, First Brand creditor says ''up to $2.3bn simply vanished, seeks investigation'', lots of chatters about AI ''circular economy-revenues'' (no market reaction yet anyway), GS still thinks no bubble yet, 91% of Fund Managers believe U.S. Stocks are overvalued, the most in history (BofA FMs), market leadership quietly flipping from risk on AI mania to risk off balance-sheet survival... USDollar found some strength lately (lead by USDJPY), EURUSD topped aorund 1.18-1.19 area, USDCHF popping its head back above 0.80+ area, major usd pairs never really followed the general USD weakness vs precious metals - big picture, all been about the 'debasement' trade it has been last few months... precious metals up vs everything, cryptos, mega caps in eq, and generally speaking a weak #duration in bond world, lead by JGB's, never healthy to call any turn, which such momentum of late, never hurts to take some profit mind..
Geopolitics : What we know about the 'first phase' of the Gaza peace deal, Moscow says momentum for peace deal after Trump-Putin summit has been exhausted
China expands rare-earth export curbs, including oversight overseas
Mining and processing technologies, companies outside country subject to licensing rules. Even Tesla's biggest fan on Wall Street isn't impressed with Elon Musk's cheaper new car. Even Tesla’s biggest bull can’t spin this one: Elon Musk’s “affordable” EVs cost nearly $40,000 — cheaper on paper, not in practice
OpenAI has literally engrained itself in most of the world's largest technology companies. And, almost all of the money that companies are investing in OpenAI is being used BY OpenAI to purchase products and compute from the investor/Thread
The Kobeissi Letter on X: "OpenAI has literally engrained itself in most of the world's largest technology companies. And, almost all of the money that companies are investing in OpenAI is being used BY OpenAI to purchase products and compute from the investor. What is happening here? https://t.co/Y29zv2WyMb" / X
The Kobeissi Letter on X: "This is incredible: It now takes 102 ounces of gold to buy the median-priced new single-family home in the US, the lowest amount in 46 years. Excluding 1979, this is the lowest level in at least 65 years. The ratio has fallen by -180 ounces over the last 3 years, as gold https://t.co/0kH4Q2WMpN" / X
JUNK BOND ANALYST (SPOOKY) 👻 on X: "*FIRST BRANDS CREDITOR SAYS UP TO $2.3 BILLION 'SIMPLY VANISHED', SEEKS INVESTIGATION Raistone, a provider of short-term financing that worked on deals for First Brands, is demanding an independent examiner be appointed in the Chapter 11 bankruptcy proceedings after alleging https://t.co/mNWfZBRW6G" / X
GOLDMAN SACHS: NO STOCK BUBBLE YET Goldman Sachs says the market shows some bubble-like signs but remains driven by strong fundamentals. Tech valuations are high, but leading firms are financially solid, and the AI sector is still concentrated among major players. The bank says valuations aren’t at historic bubble levels yet but urges investors to stay diversified.
Comments