OPEC Oct 4 Meeting

🛢️ 🛢️ OPEC+: Ministerial panel unlikely to recommend output policy change at October 4 meeting

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PCE Under Control

🚨 🚨 US August core PCE +3.9% y/y vs +3.9% expected— The inflation numbers were on the low side of expectations and that should take the pressure of bonds, while weighing on the US dollar

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USDJPY: Buyers Are In Control

🇯🇵 🇯🇵 USDJPY: Buyers are more in control with the price above the 100-hour moving average and after holding the 200-hour moving average. If the sellers are to take more control they need to get below both those moving averages and stay below

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Laguardia Airport Flooded

🗽 🗽 Laguardia airport in New York completely flooded today as travelers were forced to walk barefoot around the airport in ankle deep water

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Bond Buyers Take Note

🚨 🚨 Bond Buyers Take Note: Bill Ackman says Treasury yields are going higher in a hurry, and that investors should shun US govt debt. His short bet on 30y Treasury bonds paying off in dramatic fashion over the past few weeks

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As Expected, Stocks End Sep Down

🚨 🚨 Dow sheds more than 100 points Friday, S&P 500 and Nasdaq wrap worst month in 2023

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QQQ Outpaces China’s TechETF

🇨🇳 🇺🇸 The China technology ETF was launched in December 2009. Total returns since then…

China Tech ETF $CQQQ: +62%
Nasdaq 100 ETF $QQQ: +832%

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Commercial Bank Lending Slows

🇺🇸 🇺🇸 US commercial bank lending has slowed to a crawl, with 6-month annualised growth falling from 14.7% in August 2022, to just 0.6%

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