Hungary Informs Putin "Preparations Are In Full Swing" To Host Summit With Trump

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EU elites fuming as Budapest also flouts ICC warrant...


Propaganda Puppet Kimmel: Trump Is "Pretending There's Chaos" For "A Military Takeover"

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“There is no chaos in Portland or Chicago...

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Average New Car Price In U.S. Tops $50,000 For First Time Ever

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“It is important to remember that the new-vehicle market is inflationary. Prices go up over time, and today’s market is certainly reminding us of that...”


Choppy Equity Session Ahead As Massive October Equity Options Expire

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That leaves a reduced positive gamma backdrop once it rolls off, and a less range-bound tape...


Outrage As Israeli Fans Banned From Attending Football Match In The UK

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The move comes after a local Muslim MP launched a petition demanding the boycott of Jewish fans...


Futures Rebound From Overnight Plunge After Trump Eases Trade Fears

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“This very much looks like end-of-cycle symptoms, where we can see hints of complacency in lending standards,”


U.S. Defense Stocks Hit Resistance As Goldman Reveals Key Takeaways From America's Top Weapons Conference

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International demand for weaponry remains solid but races production capacity constraints. Margin outlooks are mixed...


Initial Jobless Claims "Declined" Last Week, According To Goldman's Model

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We estimate that seasonally adjusted initial jobless claims declined to about 217k for the week ended October 11th...


Bond Market Shows Tail Risks Are Rising

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...bond option prices - and the relentless ascent of gold - are signaling tail risks in the market are rising.


Trump "Worked Magic" On Beef Deal - Likely With Argentina - As Cattle Futures Surge Most Since 1978

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"We are working on beef, and I think we have a deal on beef that's going to bring the price" down."

 


3 Charts On The Recent Volatility Explosion

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Stress in volatility markets is getting ahead of itself... unless all hell breaks lose.

Measure Assets In Gold, Not Dollars

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When you measure much of the financial world in gold, many of the supposed winners lose their luster. All you needed was a honest yardstick...


John Bolton Indicted On 18 Counts Over Mishandling Classified Documents

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"More stuff coming!!!... None of which we talk about!!! ... Shhh!"
 


Novo Shares Drop After Trump Promises "Much Lower" Ozempic Prices

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"Much lower..."


SVB 2.0? SPX’s 50-Day Breaks as Vol Erupts

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VIX is screaming louder than during the SVB meltdown

"We Import Poverty" – Italian Newspaper Argues That Foreigners Are Impoverishing Italy After New Data Published

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"We are importing poor people. Of the total immigrant population, 35.6% live in absolute poverty. This rate is five times higher than that of Italians..."


Watch: Google Pixel Fold "Explodes" During Durability Test 

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"Surprisingly, in the decade that I've been durability-testing phones, I have never had a smartphone explode before."


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  • European and US equity futures are lower across the board, with the US regional banking fears weighing on sentiment; KRE -2% in pre-market trade.
  • DXY is a little lower; typical havens (JPY, CHF) benefit from the risk-tone whilst the Aussie lags.
  • Global fixed paper driven higher as traders remain wary on US regional banks.
  • Crude continues Thursday’s selling, XAU choppy amid debt concerns.
  • Looking ahead, Speakers including BoE’s Pill, Greene & Breeden, Fed’s Musalem, EC

Germany's Steel Industry Collapse: The March Toward Green Socialism

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On the eve of an emergency crisis summit with the steel industry, Germany’s ruling Social Democrats (SPD) have unveiled their “crisis roadmap.” If subsidies and protectionism fail, the sector will be nationalized. Just like that.


Ukraine Imposes Rolling Blackouts Across Almost All Regions Ahead Of Winter

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Comes as EU reveals five-year plan to defend against Russian drones...