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Momentum WAS key on way up, beware !! / AI circular deal overdose ? / Bessent : parts U.S economy in recession

  • Writer: Stéphan
    Stéphan
  • 3 days ago
  • 2 min read
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  • Markets : Fed's Daly 'keep open mind' about Dec rate cut, Scott Bessent says parts of the economy are 'in recession' — but blames the Fed, RBA a little dovish, Macron is officially the most unpopular French President in 70years >>> another wave of circular Ai deals yesterday wasn't not enough to make new highs.., in facts things beginning to break below, chart wise (momentum has been KEY on the way up - so beware if it turns- ..will need a few down days to confirm..VIX key as usual, and the hot ''momo' sectors, AI, metals,rare earth, etc...), USD strength and a bit of CROSSJPY downside now possible in FX land, crypto down too near KEY supports, all looking like a decent RISK-off scenario ahead of us... even Michael burry is back with a PLTR and NVDA short (Thread - keeps everyone entertained..)

  • Trade : China accuses Netherlands of not working to fix Nexperia dispute,

  • Geopolitics : Trump says Maduro’s days leading Venezuela are numbered, Ukraine says it halted Russian advance north of Pokrovsk,

  • Japan PM Takaichi vows to make robust economy via spending in 17 strategic areas

  • GS's Solomon warned of a 10-20% drawdown in eq markets in the next 12-24 months

  • HSBC CEO Georges Elhedery warns that revenue profiles do not justify massive AI investments. Both Elhedery and General Atlantic’s William Ford stress that productivity benefits and revenue gains will take several years

  • UK's budget talks shortly, preparing groud for decent tax rises!

















Michael Burry, the hedge fund manager immortalised in the 2015 movie The Big Short, on Monday disclosed a $912mn bet against Palantir’s shares, using derivatives known as options.




 
 
 

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