WTI Selloff Stalls After Large Inventory Draws; US Crude Production Hit A New Record High

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...crude and gasoline stocks plunged last week.


Information Overload: One-Line Summary Of All Earnings And Big Movers Today

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On the busiest day of Q3 earnings season, since it has become impossible to keep track of everything in this fast-moving market, here is a 1-line recap of the most notable earnings and movers this morning. 

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Russian Infantry Operating Inside Pokrovsk - Strategic Ukrainian City's Fall Imminent

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Hundreds of Russian troops moving freely in the southern districts of city...


Bank of Canada Cuts 25bps As Expected, Cites Weak Growth

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In a preview of what is to come today at 2pm from the Fed, moments ago the Bank of Canada cut rates by 25bp to 2.25%, as expected, noting that current policy is "about the right level" to keep inflation close to 2%. 


US Pending Home Sales Rise Most In Almost A Year As Mortgage Rates Slide

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“...mortgage rates are trending toward three-year lows, which should further improve affordability."


Cracker Barrel Shares Down About 32% This Year, Following "Century's Worst Brand Blunder"

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Chief Executive Officer Julie Felss Masino has continued to come under fire from shareholders. 


More Two-Screen Analysis... For Now

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The one screen many in markets look at may soon be full of very different content.


'The Bar Is High But The Flows Are Supportive'; Top Goldman Trader Says Ahead Of The Fed And Big-Tech EPS

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...monetary policy stance is at its most supportive in years.


Boeing Hit With $4.9BN Charge After Another 777X Delay Pushes Plane Debut To 2027

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"While we are disappointed in the 777X schedule delay, the airplane continues to perform well in flight testing"


Meeting With China's Xi In South Korea Confirmed After Trump Secures Trade Deal With Seoul

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“The world is watching, and I think we’ll have something that’s very exciting for everybody,”


Gaza Ceasefire Has Resumed After Israeli Soldier & Over 100 Palestinians Were Killed Tuesday

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Follows 12 hours of heavy bombing...


Cutting Rates At All-Time-Highs: JPMorgan Delta-1 Desk Says 'Stay Bullish'

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...today will be the fifth time that the Fed cuts rates with the S&P 500 at all-time highs.


Futures Push To New Record, Nvidia Above $5 Trillion Ahead Of Fed Rate Cut And Mag 7 Earnings

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"The fact that the Fed is cutting rates is very good for the economy. It’s easing financial conditions, boosting growth."


China Buys American Soybeans Before Trump-Xi Meeting 

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This marks China's first purchase of U.S. soybeans from this year's harvest and comes after the world's second-largest economy had pivoted away from American supplies in favor of Brazilian and Argentine beans.


Food Stamps To Be Paused For 42 Million Americans: What To Know...

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...it is remarkable that one in 8 US residents now receive food stamps, and during a period when the “official” opinion is that the US economy is in excellent shape and in a boom period...


Trump Says Nvidia's Blackwell AI Chips Will Be On Agenda In Talks With China's Xi 

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"It's probably ten years ahead of any other chip ..." 


The Fed's Pivot: The Return Of Easy Money & The Inflation Storm Ahead

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What’s forcing their hand?


$5 Trillion Beast – NVDA Eats the Industrials

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NVDA is now actually bigger than the entire SPX industrials space. Impressive...

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US President Trump said the meeting with Chinese President Xi will be three hours long before returning back to the US; says things will work out very well with Xi on Thursday.

Russian Oil Giant Lukoil Selling International Assets After Trump Sanctions

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Lukoil is moving to offload holdings in Europe, the Middle East, and Africa as Washington tightens pressure on Moscow to end Ukraine war...