Thank You Helene & Milton

I am going to keep this comment very short... 1. October BLS Report => A much weaker headline than expected, +12,000 vs +100,000 => The release came with lengthy notes about Helene and Milton, which might have impacted the numbers => The BLS comment…

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The Final Hurdle

The Final Hurdle

Final hurdle of this bloated week at all levels: the October BLS report   1. Expectations: => Headline expected at + 100k. Range: from -10k up to 180k => UNR and Participation rate expected to remain unchanged at 4.1%. As well…

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A Magnificent Review

A Magnificent Review

Apple and Amazon just released their Q3 earnings. Time for A Magnificent Review then,,,   1. The Magnificent 7 Q3 2024 earnings report => I dedicated last week a full comment on Tesla and Musk. In a nutshell: ** Tesla Q3…

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Groundhog Day

Groundhog Day

It is morphing into some kind of "Groundhog Day" narrative.....The US economy is "fine"....   1. BEA Q3 GDP => A slight "disappointment", + 2.8% vs the 2.9% consensus: => BUT the "Evil is always in the details... ** I will…

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10 Hectic Days

10 Hectic Days

1. A strong start of what will likely be a nail-biter week for equity markets, supported by: => A "Measured", "Targeted", "Calibrated" Israeli airstrikes on Iranian air defenses and missile production facilities (I would strongly caution against too much optimism though:…

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