Housekeeping: Good Morning.
“The Gold reset is a process, not an event”
Today:
Discussion: Cold War 2.0
Analysis: New Silver Bulls
Discussion: Cold War 2.0
Premium Analysis:
Equity Recap:
US equities rallied on Friday after the September jobs report beat expectations. Large caps lagged small caps: S&P 500 (+0.90%) vs. Russell 2000 (+1.50%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) rose 0.92% and 0.58% respectively.
Market News:
"Indian companies are moving to fill the gap left by the exclusion of Chinese exports from the fast-growing US solar industry, as Washington steps up its crackdown on manufacturers with ties to Beijing. Sumant Sinha, chief executive of ReNew, among India’s largest renewables companies, told the Financial Times that there “will be demand” for solar components from India as Washington reduces reliance on Chinese supplies for its energy transition." Source: FT
"Google’s grip on the nearly $300 billion search advertising business is loosening... WSJ
"Nonfarm payrolls surged by 254,000 in September, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast. CNBC
"Tesla CEO Elon Musk aims to show off plans for a robotaxi, or self-driving car used for ride-hailing services, on Oct. 10,Reuters
"Apple is inching away from its annual product upgrade cycle, a move that could lead to more frequent releases and fewer jarring delays.. Bloomberg
"Corporate insiders have been reluctant to snap up shares of their companies WSJ
Politics/Geopolitics: Post Pax Americana
Israeli military spokesperson said their response to Iran’s missile attack will come at the timing that Israel decides is best, while the spokesperson confirmed that two Israeli airbases were hit in Iran’s attack on Tuesday
Russia took control of the settlement of Zhelanne Druhe in Ukraine, according to IFX.
Netherlands’s Defence Minister pledged EUR 400mln for a drone action plan with Ukraine.
Chinese hackers reportedly breached US court wiretap systems, according to WSJ.
Philippine President Marcos said the Philippines and South Korea elevated relations to strategic partnership
Data on Deck:
MONDAY, OCT. 7 Consumer credit, speakers
TUESDAY, OCT. 8 NFIB optimism index, speakers
WEDNESDAY, OCT. 9 Minutes of Fed's September FOMC ,speakers
THURSDAY, OCT. 10 Consumer price index Sept.0.2%
FRIDAY, OCT. 11 Producer price index
FINAL MARKET CHECK
