RBA Is Not Done Yet

🇦🇺 🇦🇺 Australian fund manager says there’s a 40% chance of an RBA rate hike in November/December

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Bond Buyers—We Warned You In 2021

🚨 🚨 From US to Germany to Japan, once unthinkable bond yields now new normal. Selloff has been so extreme it’s forced bullish investors to capitulate & Wall St banks to tear up their forecasts. Yields on 10y German debt close to 3%, a level not reached since 2011. Their US equivalent back in line w/avg from before GFC, within striking distance of 5%

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The Great Reset

🇺🇸 🇺🇸 The Great Reset on Wall Street builds as stock traders sober up: Financial conditions have become the tightest this year. ‘Higher for longer’ are the most dangerous words for markets. The Equal weight S&P 500 is now flat for the year. Despite These Headwinds, IF you can wait for at least 12 months, there is money to be made from Megatrends
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Govt To Remain Open For 45 Days

🚨 🚨 Senate and House pass 45-day measure to keep government open

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Bonds: $428B Lost This Week Alone

🚨 🚨 The value of global bonds dropped another $428bn this week as the interest rate world keeps repricing for a higher for longer. In past quarter, bonds lost ~$1.8tn in value

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Shutdown: 17 Hours Away

🚨 🚨 The U.S. government almost certainly will shut down for the fourth time in a decade after a small number of Republicans rejected a bill to temporarily fund operations. Tension between hardliners and moderate Republicans not only could grind the business of government to a halt, but set the stage for chaos within the party ahead of the 2024 presidential election

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Never Say Never: LVMH Probed

🇫🇷 🇫🇷 French billionaire Bernard Arnault’s dealings with a Russian businessman are being investigated for possible money laundering, the Paris public prosecutor’s office said Friday

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