Miley's big win / Nexperia / AMZN's big job cuts / Lukoil / Bessent on BoJ poilicy / Tom Hayes vs UBS : $400mio
- Stéphan
- Oct 28
- 3 min read
Market : BoJ likely to tighten as RoW eases #JPY (new PM, risk JPN pension funds #rapatriate money and #JPY no longer cheap funding fuelling NIKKEI up), Bessent US stressed role of Monetary Policy in anchoring inflation, Exchange Rate stability in meeting with Japan FinMin, AMZN to cut 30'000 corp workers (just the beginning of AI impact..), solving #rareearths problem won't happen overnight, it'll take years, but smoothing words form Trump is enough these days, GOLD- precious metals ''healthy correction from way overboiguth levels', FXland zz's really, bonds super quiet zzz's really, all helping 'risk in general'
Trade : The Financial Times (FT) has finally admitted reality. It is obvious that “controlled decoupling” is going to happen between the U.S. empire and the BRICS+, Russia’s Lukoil to sell off foreign assets as US sanctions bite
Ex-UBS trader Tom Hayes sues bank for $400M after conviction overturned, a very tidy amount, but management threw him under the bus with only one purpose for doing it !
The Fed’s total assets as a % of nominal GDP have fallen to 21.6%, the lowest since Q4 2020
Argentina election results deliver Trump-backed President Javier Milei a bolstered mandate
Interesting numbers on Nexperia: their chips are used by half Europe's auto companies, 86% of medical device companies and almost all (95%) the mechanical engineering sector/Thread
'''Leaked documents reveal the company’s robotics team plans to automate 75% of operations potentially replacing 600,000 warehouse workers by 2033''' strewth
At some point, some may start to worry.. as long as markets make new highs it's all good, no-one cares about job cuts.. StockMarket.News on X: "Some of the biggest job cuts announced in recent months. • Amazon is cutting up to 30,000 corporate jobs. • Accenture is laying off 11,000 employees. • Target is cutting about 1,000 jobs. • General Motors let go of 200 salaried workers. • Rivian is eliminating 600 jobs. https://t.co/LA8nqc4CBe" / X
Arnaud Bertrand on X: "Interesting numbers on Nexperia: their chips are used by half Europe's auto companies, 86% of medical device companies and almost all (95%) the mechanical engineering sector. I thought the main impact from their disruption was the auto sector but it's even far broader than this. https://t.co/XjxFRJ15g5" / X
The Kobeissi Letter on X: "The decline in the Fed’s balance sheet has been historic: The Fed’s total assets as a % of nominal GDP have fallen to 21.6%, the lowest since Q4 2020. This also matches the level seen in Q3 2013 during the Fed’s 3rd QE program. The Fed now has the lowest Asset-to-GDP ratio https://t.co/3mqnRTCnah" / X
Comments