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UN meeting headlines (Iran, UKR no NATO, Saudi pipeline, potash, next up : Xi meets Trump / Crude down, risk rallies
Markets : Xi skips UN General assembly to meet Trump instead, crude falls for the 6th session, more talks of Hormuz opening (UN meeting promises - let' see), potash deal (Trump talked about - questionable), Greenland deal (nothing really new but it sounds good for Trump), Saudi Arabia reopens East-West pipeline, Rutte talks of NO NATO membership for Ukraine (thus allowing for war to end..this IS potentially now going to happen), Trump : Nothing artificial about 'Super Intelligence' >> Techs lead gains again, energy/crude related stocks underperform, UST curve flattens with 2s near 4.76% while 10's yields smalls down to 4.94%, hence USD stays bid and with SPX500 at-near all time highs (QQQ same, europe, china lagging)
We need to mine as much copper in the next ~20 years, just to maintain 3% global GDP growth, as we've mined in all of human history... No small feat...!! #copper (chart) >>> when prices get out of hand, market can switch to #SILVER #XAGUSD !!... which is a better conductor of electricity
Small Cap Stocks are underperforming the Nasdaq by the largest margin in history
Goldman Sachs’ just released their 12-month forecast: S&P 500: +13.7% Asia-Pacific stocks: +27.2% Gold: +18.1% U.S. 10-year yield: 5.0% → 4.5% Brent crude: $104 → $78 >> another way of describing their forecast: ''THE SHOW GOES ON''
The cost of hiring an oil tanker on the benchmark trade route has soared above $1.2 million per day for the first time in history
The value of the IPOs of SpaceX, Anthropic and OpenAI is expected to surpass $5 trillion. “Now compare that with the entire history of IPOs from 1980 to 2025. The 3,365 tech companies that went public in that period were worth a combined $4.1tn when they started trading." / Thread
Howard Marks echoes Stan Druckenmiller’s criticism of recent Treasury buybacks, saying yields will likely stay high in the face of sticky inflation and big deficits. “It’s a problem with US fiscal management” and potential problem with the US dollar
Trevor Noren on X: "Stunning stat: "Anthropic’s investors are expecting the company to reach a valuation of $2tn when it goes public in the coming weeks. Add in SpaceX, which began trading at $2tn after its IPO in June, and OpenAI, which is considering raising money privately at $1.2tn ahead of a https://t.co/3t2zJ2qpYM" / X
'''The main takeaway is one I keep coming back to. While this market appears calm on the surface, it’s only because violent moves underneath are cancelling each other out'''
unusual_whales on X: "There is expected to be a big shortfall in copper form 2027, per FT: https://t.co/BbT9dfCdtw" / X
Yeps.. Liz Webster on X: "🚨 Burnham tried to appease Brexit and Brexit punished him for it. The Times reveals an extraordinary sequence of events. The EU had reportedly been prepared to exempt Britain from its “Made in Europe” rules, protecting our deeply integrated car industry and supply chains. But https://t.co/fYmn2TzsRc" / X
Barchart on X: "The cost of hiring an oil tanker on the benchmark trade route has soared above $1.2 million per day for the first time in history 🚨 🚨 https://t.co/mCS4vXAeQR" / X
Jesse Rodriguez on X: "Gallup: Record-high 89% of Americans think their government is corrupt https://t.co/r71FUP4T9v" / X
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