Sacre bleu, French PM resigns & JPN vote, they all want more debasement, populists calls / FED minutes Wed
- Stéphan
- Oct 6
- 2 min read
Takaichi's win to support Japanese stocks but weigh on yen and bonds and French PM resigns after 1month in place... all these events are about populist ideas, more spending, more debt, debasement .....Macron must realize that that maybe it was not such a great idea to organize elections and ignore what the folks are actually voting for..
Markets : The Nikkei surged 5% to a record above 48,000 after Sanae Takaichi’s leadership win fuelled expectations of fiscal stimulus and delayed BOJ rate hikes, FED minutes on Wednesday, Macron loyalist picked to fix budget mess in new French government, JPN 30y yields up 12bps to new record of 3.28% #duration risk again! no wonder precious metals keep on going, BTC new highs, and overall global equity markets higher
Geopolitics : Trump warns Hamas, again, as ceasefire talks begin in Egypt, A massive fire has erupted at the largest oil terminal in occupied Crimea,
Office CMBS Delinquency Rate jumps to 11.7%, the highest level in history
Venture capitalists have poured a record $192.7 billion into AI startups YTD
Craig Fuller 🛩🚛🚂⚓️ on X: "There will be a surge of trucking bankruptcies over the next year. Many of the small and midsize truckers hired non-domiciled CDLs and drivers without work permits. The Administration's outlawing of this practice will put these carriers into bankruptcy. The carriers hired https://t.co/9GD5ttxfcX" / X
The Kobeissi Letter on X: "This is incredible: Venture capitalists have poured a record $192.7 billion into AI startups YTD. This puts 2025 on track to be the first year where more than 50% of total VC dollars flow into the AI industry. In the US, AI’s share of venture deals has surpassed 60% over the https://t.co/DAmpHHmUNM" / X
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