China's bazooka : some indices up 25% since first announcement last week, IronOre +20%, copper all up strongly. Car industry in a spot of trouble, Stellantis, VW, Aston profit warnings, NIKKEI down sharply (Speculation is mounting that Shigeru Ishiba will hold a general election within four weeks), CHINA rally (huge rotation), terrible floodings in US and many other places around the world, while Middle East war rages on
And we had the highest monthly number of rate cuts globally since peak COVID month
Friday's NFP : Goldman expects +165k NFP. 4.2% UR. A rebound in private payrolls. "On net, Big Data indicators indicate a pace of job creation above the recent payrolls trend."
The latest data out of Europe on Friday showed that not only is growth underwhelming expectations, but inflation is fading faster than expected #ECB october cut coming
Rachel Reeves set to attend meeting of EU finance ministers
Chancellor expected to participate in event involving Eurozone countries
UBS raised GOLD targets higher, next up upgrading miners IMHO.... #GDX
Billionaire Stan Druckenmiller Is Selling Nvidia, Apple, and Microsoft, and Buying These High-Yield Dividend Stocks Instead (yahoo.com)
You bet (debt, QE in general but yes)
Helene flooding strands hundreds of North Carolina residents as storm’s death toll reaches 95 (msn.com)
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