Hamilton And Leclerc Are Out

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🏎️ 🏎️ Hamilton, Leclerc disqualified from US Grand Prix after inspection

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Roche Buys Telavant

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🚨 🚨 BREAKING: Roche to acquire Telavant for $7.1B, adds new bowel disease therapy to pipeline

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The Navy’s New Superweapon

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🇺🇸 🇺🇸 The Navy’s New Super Weapon: The Navy will soon be testing the Hellcat, High Energy Laser Counter Anti-Ship Cruise Missile, a 300-kilowatt laser that would be able to counter a hypersonic weapon

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Capital Is Fleeing China At Fastest Rate In 7 Years

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🇨🇳 🇨🇳 Capital is exiting China at the fastest pace in more than seven years, piling extra pressure on the yuan. Onshore banks sold a net $19.4 billion of foreign currencies to their clients last month, the most since November 2018. Banks also sent a net $53.9 billion overseas on behalf of their customers, the biggest monthly outflow since January 2016

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SPY At A Critical Point

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🚨 🚨 SPY broke down from its distribution range last week with FORCE. It is now getting close to one of the strongest support levels of the entire year

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Europe: Bank Profits Have Peaked

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🇪🇺 🇪🇺 European bank profits from higher interest rates have probably peaked this year. Wars in Israel and Ukraine, China’s economic woes and increased efforts to impose windfall taxes in Italy, Sweden and the Netherlands will mean focus on bank earnings could now turn to margin pressure and signs of souring loans

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Singapore Inflation Rises At Slower Pace

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🇸🇬 🇸🇬 Core consumer prices in Singapore rose at a slower pace for a fifth straight month in September, largely led by lower inflation for food, retail and other goods
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Inflation? Central Banks Will Not Break Their Economies

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🚨 🚨 Bloomberg: Central banks won’t break their economies in a rush to hit inflation targets, QE will be used more sparingly in the future

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Deutsche Cuts Euro Target

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🇪🇺 🇪🇺 Deutsche Bank slash their EUR/USD year end forecast to 1.07 (from 1.15)

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WPP’s China Office Raided

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🇨🇳 🇬🇧 The Wall Street Journal with the report that Chinese police have raided the Shanghai offices of GroupM, a media-investment group and unit of London-based advertising behemoth WPP

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