‼️ 🛢️ ⛽️ Goldman Sachs has shifted its bullish fuel trade from diesel to gasoline, arguing that tightening global markets, resilient demand and lower relative inventories give gasoline greater upside potential. Diesel may still rise, but gasoline now offers the stronger opportunity, according to analysts.
‼️ European Commission President Ursula von der Leyen said the EU is paving the way for Canada to become the bloc’s first associate member, a move that prompted Donald Trump to threaten tariffs or a complete trade halt if it proceeds. The proposal marks a notable policy shift for the EU, which had been cool toward Germany’s similar associate-membership proposal for Ukraine in May.
BREAKING: President Trump says the Fed should have cut interest rates to 1% or lower and says the US is “carrying” countries with which it runs trade deficits.
Alpha Binwani Capital: “Berkshire Hathaway is benefiting from Buffett’s aversion to bonds and a strong third quarter for its equity portfolio, led by Apple, Coca-Cola, Chevron, and five Japanese trading houses. We estimate the portfolio has gained $20 billion to $25 billion this quarter, from a base of more than $300 billion”
‼️ If the Fed holds rates steady today, it would mark its biggest break from market expectations since 1994—raising the stakes after President Trump threatened to halt trade with countries where the US runs deficits unless the Fed cuts rates.