Housekeeping: Good Morning.
“The Gold reset is a process, not an event”
Today:
Discussion: PPI Simulcast- This is What Gold and Silver Are Worth
Analysis: Commodity Weekly
Discussion:
Continues at Bottom…
News/Analysis:
Equity Recap:
US equities retreated on Thursday after September's consumer price index came in hotter than expected. Large caps bested small caps: S&P 500 (-0.21%) vs. Russell 2000 (-0.55%). MSCI Emerging Markets (EEM) added 0.20% and MSCI EAFE (EFA) fell 0.12%.
Market News:
"China may deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence, investors and analysts said. : Bloomberg
"Three Federal Reserve policymakers on Thursday were unfazed by a higher-than-forecast September inflation report, suggesting the US central bank can continue lowering interest rates, but a fourth hinted he may favor a pause at their next meeting: Bloomberg
"AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. CNBC
"Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. CNBC
"When hedge-fund billionaire Steve Cohen gave Francisco Lindor a $341 million contract in 2021, he was doing more than just locking up a star shortstop for the next decade.: 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
