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Prime Minister
Finance

Former Goldman Banker Rishi Sunak To Be Next UK Prime Minister

October 24, 2022 Mariel Alumit

As we predicted yesterday following Boris Johnson’s decision to quit the race to regain the British Prime Minister title after his thunderous fall from grace just… three months ago, it was a foregone conclusion that […]

China
Finance

China Stocks Crash As Xi Tightens Grip On Power

October 24, 2022 Mariel Alumit

Shares in Chinese companies crashed Monday morning as traders were spooked by the consolidation of power by President Xi Jinping. After a weeklong Party Congress, Xi was confirmed for a third presidential term on Saturday. […]

Geopolitical

Key Events This Extremely Busy Week: GDP, Employment Costs, PCE, Income & Spending, And An Earnings Avalanche

October 24, 2022 Mariel Alumit

In his preview of the week’s economic calendar, DB’s Jim Reid writes that maybe the most interesting data this week comes on Friday with the Q3 employment cost index (exp. at +1.2% vs. +1.3% last […]

Russia
Finance

Russia Leans On Turkey, India, China For Oil Sales Before EU Ban

October 24, 2022 Mariel Alumit

By Julian Lee, Bloomberg oil strategist and former senior analyst at the Centre for Global Energy Studies. The three countries that helped Moscow to maintain crude exports in the wake of its invasion of Ukraine […]

Finance

“There Is Too Much Debt In The World, So They Must Inflate It Away, Which They Will. That’s The Only Thing You Need To Know”

October 24, 2022 Mariel Alumit

By Eric Peters, CIO of One River Asset Management “Investors are beginning to come to terms with the fact that many things they believed to be true are myths,” said Sasquatch, his already enormous market […]

Finance

Big Tech Profits Set To Fall Most In Three Years

October 24, 2022 Mariel Alumit

By Jeran Wittenstein, Bloomberg reporter and analyst Once the key growth engines for the S&P 500 Index, megacap technology stocks are slated to enter this earnings season with diminished stature: profits are expected to fall […]

Finance

Did The BoJ Just Blow $50 Billion For Nothing…

October 24, 2022 Mariel Alumit

Sunday night’s FX market open saw another ‘interventionesque‘ surge in the yen relative to the dollar as Friday’s 6 handle surge and purge rebounded. However, 12 hours later this latest attempt to manipulate markets has […]

No Picture
Geopolitical

“One Wonders Who The Real Morons Are”

October 24, 2022 Mariel Alumit

By Michael Every of Rabobank Hu’s who and what’s what For some, today’s big news is former British PM BoJo dropping put of the Tory leadership contest, marking the coronation of former Chancellor Sunak as […]

Tesla
Geopolitical

Tesla Tumbles After Price Cuts, Other EV Manufacturers In Focus

October 24, 2022 Mariel Alumit

Shares of Tesla are down about 7% in the pre-market session after the company cut the price of some of its cars in China, drumming up concerns about demand just days after Musk said the […]

No Picture
Geopolitical

VUCA: Volatility, Uncertainty, Complexity, And Ambiguity

October 24, 2022 Mariel Alumit

By Peter Tchir of Academy Securities VUCA – Volatility, Uncertainty, Complexity, and Ambiguity Given what we are experiencing geopolitically and in the markets, we are living through VUCA, or VUCA2, or even VUCA to the […]

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