MARKET REPORT
(Unburdened by what has been)
1882 20k Franc Coupon from Societe de l’Union Generale
Stock market crash and collapse of the Union générale in France
This Catholic bank, founded in 1878, posted very rapid growth, thanks to a considerable number of buybacks and risky investments, especially internationally, in the regions of Central Europe and the Danube. This growth came to a sudden halt in 1882, the bank having gone bankrupt due to excessive stock prices and poor financial management. The stock markets in Lyon and Paris were shaken and a crisis of several years ensued, which affected the mining, metallurgy and construction sectors.
You were found in clear conditions. But you’re handsome in the Fog.
“Voters seem to forget when politicians ‘give’ you money, it is the voters’ money they have already taken.”
SUNNY HOSTIN “Would you have done something differently than President Biden during the past four years?”
KAMALA HARRIS “There is not a thing that comes to mind in terms of — and I’ve been a part of most of the decisions that have had impact.”
Day in Review:
Today:
(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable):
COMPANIES
– Boeing ends strike with 38% pay rise deal
– Palantir surges 23%
– Ferrari -7%
– Yum Brands (YUM) released earnings per share at 1.37 USD, compared to market expectations of 1.41
– DJT PUKES from +23% to -1%
GENERAL:
– VIX was slammed lower as the inverted curve starts to unwind into ‘less uncertainty’ (don’t forget FOMC Thursday)
– Netanyahu Fires Israel’s Defense Minister
– “In the past months, trust has been cracked between myself and the defense minister,” Netanyahu said Tuesday in a statement released by his office
– Today saw rate cut expectations slump again (50-50 chance of 1 or 2 cuts in 2024 and 50-50 chance of 2 or 3 cuts more in 2025)
– RBA holds rates as expected
– China Caixn Svs PMI beats
– Equities up, Treasuries flatten, Crude up, Dollar down
Week ahead:
– ELECTION ELECTION ELECTION ELECTION
– FOMC Thurs!
Speakers:
– ELECTION ELECTION ELECTION ELECTION
Earnings:
– ELECTION ELECTION ELECTION ELECTION
MAJORS:
DX:
– ELECTION ELECTION ELECTION ELECTION
AUSSIE:
– ELECTION ELECTION ELECTION ELECTION
POUND:
– ELECTION ELECTION ELECTION ELECTION
EQUITIES:
– We haven’t had a down day in the S&P on an election day since 1988
– NVDA overtook AAPL once again to become the world’s largest market cap company
EUR:
– ELECTION ELECTION ELECTION ELECTION
US:
– ELECTION ELECTION ELECTION ELECTION
Sectors:
– ELECTION ELECTION ELECTION ELECTION
OIL:
– ELECTION ELECTION ELECTION ELECTION
GOLD/SILVER:
– ELECTION ELECTION ELECTION ELECTION
BONDS:
– ELECTION ELECTION ELECTION ELECTION
YIELD CHANGE
US 1-MO:
US 6-MO:
US 1-YR:
US 5-YR:
US 10-YR:
US 30-YR:
TWO’s/TENS:
CRYPTO
– ELECTION ELECTION ELECTION ELECTION
– Bitcoin, bond yields, and DJT all dumped at the same time (around 1430ET)
KEEP DOING WHATS WORKING, STOP WHAT ISNT
Best of luck out there.
Let the market come to you
Post of the day:
https://www.youtube.com/watch?v=EVocjjoq9wg
https://www.youtube.com/shorts/FcJShnvnPYg
https://www.youtube.com/watch?v=aPYQhmhbDKM
Song of the day:
https://www.youtube.com/watch?v=YMYUYtsUGgg
Joke of the Day:
https://www.youtube.com/watch?v=sPmqJnR-X_U
https://www.youtube.com/watch?v=-R1qi-M_h1Y
House of the day:
https://www.youtube.com/watch?v=p4CmJk9NabU
(Seize all assets of Duke and Duke enterprises)
I can be contacted should anyone have any questions, input at [email protected] during US hours of EST 9am until 5pm
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