Markets : absoluteTech bloodbath globally took another leg, the warnings signs were there to be seen over the last few weeks ..!!.., BoE hiked to 4%, U.S Banks are turning cautious on lending, according to the Fed, Nvidia is now 8% of the S&P 500, double what Cisco was at the top of the dot com bubble and it's making the EXACT same mistake, see below !!, the BIG AI 'momentum trade' is done, the bubble is popping, continue to switch into PM's and our ''value proposition'' ( PVM Multi-Asset Class Value /asset-management/pvm-global-equity-long) ) , in FX a 'long JPY vs USD or CHF' makes a lot of sense #PPP valuations >> next up NFP and some calm after the storm ? many will need it, including the likes of Aschenbrenner ! whos been rumoured to have imploded again..clearly some BIG HUGE leverged TECHs portfolio got unwound, again, given the SPEED of the selling soon as markets opened yesterday...not so much about the medterms, sell-of started WELL before the election, HUGELY crowded trade met forced selling and CAPEX commitmens were questioned !!... the signs were there #NVDA : Cisco lent money to the telecoms buying its gear in 2000 because they couldn't pay for it any other way, and when those telecoms went bust, Cisco lost 89% and the S&P 500 lost half its value. Nvidia is doing the same thing today, guaranteeing its customers' leases and buying stakes in the very companies that buy its chips. The more it sells, the more it's on the hook when those customers can't pay Marco Rubio is on resignation watch, not going to kiss Trump's ring anymore!!?...that was fast..., RFK Jr and Hegseth will be fired soon probably, many quitting the sinking MAGA ship even quicker than anyone would have thought... >>> A Pentagon intelligence report now directly describes Iran as an "emerging" space power capable of challenging U.S. military operations across the Middle East, despite American strikes on key Iranian space facilities, per the DIA via Axios. UKR-Russia : Democrats have made renewed military and financial aid to Ukraine a priority. With support from Republicans, most of whom back Ukraine, they could override Trump’s veto. US buyers are shunning Russian diesel for fear of legal consequences >>> Trump says Russia-Ukraine deal is near after meeting Putin’s envoy Meta President Says Midterm Results Will Make Building Data Centers Harder - WSJ ESG fund withdrawals reach £4bn this year amid ‘credibility problem’, something we been talking about for a long while.. #USDJPY totally agree, we also like short CHFJPY GOLDMAN SACHS: SHORT USD/JPY IS THE BEST FX HEDGE AGAINST AN AI SELLOFF Goldman Sachs recommends selling the US dollar against the Japanese yen to hedge against a potential AI-driven stock market decline. The bank analyzed the 20 largest episodes since 2000 when equities and bond yields fell simultaneously, finding that the yen consistently stood out as a defensive currency. Goldman argues that a sharp AI selloff could trigger falling Treasury yields and renewed demand for the yen. Grundlach : “Affordability” seems to be the mandate for the new Democrat majority. So they need to either find a “magic wand” to bring prices down quickly, or they need to….give money to people (so the high prices are made “affordable”) yet again. Only causing more inflation >>> good point! monetary policy as it exists will ALWAYS make affordability worse for the mid to lower class, always, its a bipartisan approved issue, but no-one dares challenging it... George Noble on X: "Nvidia is now 8% of the S&P 500, double what Cisco was at the top of the dot com bubble, and it's making the EXACT same mistake. Cisco lent money to the telecoms buying its gear in 2000 because they couldn't pay for it any other way, and when those telecoms went bust, Cisco lost" / X Been warnings about that circular economy for a while... now its getting some traction... Trump says Russia-Ukraine deal is near after meeting Putin’s envoy | Russia-Ukraine war News | Al Jazeera South Korea suspends brokerage margin maintenance to stem forced sell-offs - CHOSUNBIZ Barchart on X: "Tesla now has a negative return over the last 5 years 🚨 If you invested $10,000 in $TSLA exactly 5 years ago, you'd have $8,437 today 📉 📉 https://t.co/ahN7ZT0U30" / X The Hormuz Report on X: "BREAKING: A Pentagon intelligence report now directly describes Iran as an "emerging" space power capable of challenging U.S. military operations across the Middle East, despite American strikes on key Iranian space facilities, per the DIA via Axios. The report says Iran took" / X Meta President Says Midterm Results Will Make Building Data Centers Harder - WSJ Bank of England hikes interest rates to four per cent Democrats Warn US Firms Over Trump’s Russia Diesel Deal Banks scale back lending for risky borrowers, Fed survey shows Rubio on resignation watch from Trump administration after midterms The JD Vance tweet that tells us everything we need to know about 2028 Meta, SpaceX AI data centers use millions of gallons of water a day HatsOff on X: "Tucker reveals what Trump told him right before starting the Iran War “At the end of the day, we all die anyway.” https://t.co/IbfPtWNt3m" / X '''This should be enough to get Trump out of office''' Nvidia Investors Need to Be Paying Attention on Nov. 17 | The Motley Fool China's Moonshot AI sought Nvidia chip access in Europe amid U.S. curbs Nic on X: "China's 10yr bond yields just hit a RECORD low 1.58%. That's 3.3% below the rate on 10yr US treasury yields. The PBOC's latest policy shift & record purchases by Chinese banks are driving it. They're taking advantage of it though with multiple offshore Yuan bond sales. https://t.co/4j78UQqlMs" / X Israel faces diplomatic setbacks after four elections in 10 days - TRT World ESG fund withdrawals reach £4bn this year amid ‘credibility problem’

All those who kissed the 'Trump ring', will switch pretty quickly...The Republican Party’s generational collapse in this week’s midterm elections ushered in a wave of finger-pointing largely aimed at the Oval Office, exposing deep fissures within the party and opening the door for 2028 hopefuls to hone their message, end of MAGA movement >>> Trump's next two years: Impeachment battles over Iran, DOGE, White House construction & crypto deals.. Iran officially announced exemption to four countries - China, India, Iraq and Qatar from transit restrictions in the Strait of Hormuz, Germany finance minister to seek renewed US ties with US Democrats, Yemen’s Houthis are now directly demanding $51 billion from Saudi Arabia as compensation for years of airstrikes and blockade, along with official recognition of Ansarallah as Yemen’s rulers, as baseline conditions for ending the war, per The WSJ. Markets : Anthropic plans to open its IPO to retail investors in the UK, Japan, Canada and Australia (..overhyped IPO, they looking for retail exit liquidity now..), EU zone inflation hits 4% (3y highs), RBA's Hauser: Inflation is too high, whichever measure you use, crude heads lower >>> USD peaked, UST yields 'peaked', GOLD recovers/ sharp turnaround from oversold levels (XAU; XPT, PALL etc), risk recovers rather swiftly too ! Trump related stocks didn't #DJT OIL : physical oil market is now pretty much fully balanced, when shipping, insurance costs drop, priced will fall IMHO... perhaps quite sharply >>> mr market is net long a LOT of Oil futures on fear, war etc New Brazil law forces companies to answer 80% of customer calls with a human Google offers voluntary exit packages to staff in Canada, France, Germany, Japan and Switzerland New poll shows over 80% of Americans put corruption as a key issue over the economy As Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, one of the biggest losers of the US midterms was not on the ballot: billionaire Elon Musk A New Kind of Blue Wave - The Atlantic That was quick...the end of MAGA Vance courting disgruntled Trump voters to form new right alliance after Republican bloodbath, sources say Elon Musk's business empire braces for Democratic wave as Texas flips blue Gold Price Hovers Near $3,930 as US-Iran Talks and Elections Shape Outlook - Bloomberg Paraguay seizes major digital bank tied to president, leaving millions of customers in limbo Brookings: Russia, China may test U.S. if Trump appears weakened Google Extends Buyout Offers to Five More Countries as AI Spending Weighs on Alphabet Shares — BigGo Finance CoreWeave Bonds Hit New Lows as Texas Data Centers in Crosshairs Euro zone CPI hits 4% for first time in three years, ECB hike looms Businesses boost jobs ‘for first time in two years’ yet interest rate hike looms UBS knallhart: $75 pro Kopf für Xmas-Fete – Inside Paradeplatz

Donald Trump told Americans to vote as if his name was on the ballot, they did just that, seems biggest issue for voters was the 'Iran war', Elon Musk poured roughly $474 million into MAGA Republicans during the 2026 midterm cycle, and they still lost the House and Senate.... Markets : bit of a stalemate, overnight early risk-off faded (-2% QQQ), things can still move on broadly speaking on AI, Texas vote and AI buildout-data centre is KEY - must follow, OIL, Iran, funding debt limits and so on, just NO real new legislation though, but note that he can still go to war, 2006 Iraq precedent is a warning (DEM's had a clear sweep and president still went to war), to remove President you need 67 senators, back to more serious stuff ! US tech giants' hidden AI debt swells 90% to $3.2tn in 6 months >>> PM's rallied fairly sharply off overnight lows, probably a 'low' in place technically FED : Watch what Warsh does. Not what he says. He talks like Volcker, but the Fed has printed about $150 billion this year/Thread Hackers used a bogus job interview and software hidden in an ​advertisement to compromise the computers of two Binance software engineers before using a third's computer to drain $6.3 billion worth of crypto in last week's ‌record heist, the exchange said on Tuesday Sign up - this is valuable tuition Upcoming events and webinars | Saxo US Midterm Election Results 2026: Democrats Flip 7 Senate Seats, Win Congress | Outlook India Gold, silver and precious metals jump as Democrats take Congress Christophe Barraud 🇫🇷 🇲🇨 on X: "🇺🇸 US tech giants' hidden AI debt swells 90% to $3.2tn in 6 months - Nikkei Asia https://t.co/FGB7hpTiZA https://t.co/5ZbYDHNWFm" / X Hakeem Jeffries is on track to make House speaker history. But major challenges lay ahead Subpoenas. Hearings. Evidence. Accountability. Trump’s administration treated public office as a vehicle for enriching family, friends, donors and billionaire allies while ordinary Americans paid through higher prices and economic chaos. Now Congress can follow the money. Democracy is ensuring that nobody - president, billionaire or donor - is above the law... China stock-buying loan applications hit $30 billion | Reuters #SHCOMP #CSI lows in place Kiwi falls as New Zealand unemployment rises to 5.7% Melania Trump to host Ukraine-Russia talks as peace push continues Oracle cancels approximately $7 billion AI ch... Bill Ackman warns of 'casino' stock market trading Bradley Walsh’s Million Pound Shot, Channel 4 review: A powerful warning about gambling

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