Housekeeping: Good Morning.
“The Gold reset is a process, not an event”
Today:
Discussion: Rip The Band-aid Off Now
Analysis: WGC Gold
Discussion: Rip The Band-aid Off Now
Last Week We Said…
The next $500 is likely to be higher due to the continued global secular changes manifesting in macro economic and fundamental behavior of markets.The next $100 can easily be lower, if more of these Macro Discretionary funds consider lightening their load before the election.
Slide Show
Continues at Bottom…
News/Analysis:
Equity Recap:
US equities rebounded on Tuesday as investors consider ongoing geopolitical tensions. Large caps bested small caps: S&P 500 (+0.97%) vs. Russell 2000 (+0.09%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) lost 2.47% and 0.16% respectively.
Market News:
"An epic Chinese stock market rally lost steam Tuesday after a press conference by the country’s economic planning agency disappointed hopes for more fiscal stimulus measures and raised questions about whether Beijing has more to offer the ailing economy. WSJ
"Investors are preparing for big US banks to report their lowest income from lending in almost two years as they grapple with the end of the Federal Reserve’s era of high interest rates. FT
"PepsiCo trimmed its revenue outlook for the year as cash-strapped consumers, boycotts in the Middle East and a major recall hit volumes of its food and beverages... Bloomberg
"A top Federal Reserve official said the central bank was now “well positioned” to pull off a soft landing for the US economy, as he signalled support for a slower pace of cuts after September's big half-point move. FT
"Uber is updating its platform with new sustainability-minded features, including an “EV preference” that will let customers opt for fully electric vehicles by default, whenever they hail a ride. CNBC
"The U.S. budget deficit topped $1.8 trillion in the latest fiscal year, driven by higher spending on interest and programs for older Americans, as the government faces a persistent gap between federal outlays and tax collections." Source: WSJ
"Short-selling firm Hindenburg Research said in a report released Tuesday that the videogame platform Roblox has reported inflated user metrics to investors and has favored growth over child safety." Source: WSJ
Politics/Geopolitics:
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
