Weekend 11/11 & 11/12
Week Ahead: Highlights include Biden-Xi meeting, US CPI, China activity data – forexlive
Five Things to Watch This Week – bbg
Friday 11/10
US Credit-Rating Outlook Changed to Negative by Moody’s – bbg
Big-Tech & Bitcoin Bid; Bonds, Bullion, & Biggest-Shorts Battered As Sentiment Slumps – Zerohedge
Wall Street Soars, Fueled by Tech as Treasury Yields Calm – Reuters
Dow leaps nearly 400 points Friday, major averages notch a second week of gains – cnbc
Hedge Funds Short US Financial Stocks at Near Record Levels -Goldman Sachs – Reuters
Biden, Xi Set to Meet Nov. 15 on Sidelines of APEC Summit – bbg
US Company Earnings Set for Biggest Quarterly Gain in Over a Year – Reuters
Traders Bet on Big Tech Stocks to Ride Out End of Rate-Hike Cycle – bbg
Cash Funds Continuing to Attract Inflows, Set for Record Year – BofA – Reuters
US Bond Funds Rack up Biggest Weekly Inflow in Three Months – Reuters
Global Equity Funds Draw Massive Inflows as Rate Worries Ease – Reuters
Stocks making the biggest moves midday: Groupon, Wynn Resorts, Plug Power, Illumina and more – cnbc
European Shares Ease From 3-Week High as Powell Stamps Out Rate Peak Hopes – Reuters
Rising Inflation Expectations Heap More Risks To Treasury Market – Zerohedge
Richemont CEO Warns “Softening Demand Across All Categories” As Luxury Downturn Worsens – Zerohedge
UMich Inflation Expectations Unexpectedly Soared Again In November, Sentiment Slumped – Zerohedge
The Rapid Bond Rally Is Looking Fragile – bbg
Marketmind: Powell Pushback Puts Cloud 9 Beyond Reach – Reuters
Futures, Bonds Gain After Powell-Inspired Rout – Zerohedge
Renewable Energy Meltdown Spreads: Plug Power Crashes After ‘Going Concern’ Warning – Zerohedge
Plug Power Shares Tank Most in a Decade on Hydrogen Crunch – bbg
Allianz Retains Full-Year Outlook Despite 30% Slump in Q3 Profit – Reuters
Spirits Giant Diageo’s Shares Suffer Latin American Hangover – Reuters
Cartier Owner Richemont Sees Growth Easing as Economic Worries Rise – Reuters
Take Five: That Rate Cut Trade – Reuters
Marketmind: ‘Not Confident’ Powell Drags Markets Lower – Reuters
China’s largest chipmaker SMIC posts a 80% drop in third-quarter profit – cnbc
Thursday 11/09
Wynn Resorts Posts Better-Than-Expected Q3 Profit on Macau Business Recovery – Reuters
Fed’s Emergency Bank Funding Facility Explodes Higher, QT Stalls As Money-Market Funds Hit Record High – Zerohedge
There’s A “Crisis Brewing”: Powell & Piss-Poor Auction Spark Chaos In Credit Markets, Crypto Soars – Zerohedge
S&P 500 snaps 8-day winning streak, Dow closes 200 points lower as bond yields rise – cnbc
Watch Live: ‘Hawkish’ Powell Hints At Firmer Policy Position, Warns Of Inflation “Head-Fakes” – Zerohedge
Powell says Fed is ‘not confident’ it has done enough to bring inflation down – cnbc
Stocks Tumble, Yield Surge After Catastrophic 30Y Auction Stops With Biggest Tail On Record As Foreign Demand Craters – Zerohedge
Ethereum Spikes On BlackRock ETF Filing, “Heavily Institutional” Buying Sends Bitcoin Soaring – Zerohedge
El-Erian Says Credit Risk Will Replace Interest-Rate Risk as 2024’s ‘Big Fear’ – bbg
Tesla Shares Fall 5% On HSBC $146 Target, Continued Cybertruck Skepticism – Zerohedge
Tesla shares drop 5% after HSBC calls it a ‘very expensive auto company’ – cnbc
Stocks making the biggest moves midday: Affirm, Disney, Krispy Kreme, TransDigm and more – cnbc
European Stocks Hit Three-Week High as Chemical Shares Rally – bbg
Continuing Jobless Claims Jump To Highest Since April – Zerohedge
Novavax Unveils Plan to Cut Costs by Another $300 Million – bbg
Stocks making the biggest moves premarket: Disney, Lyft, Krispy Kreme and more – cnbc
S&P Futures Rise, Set For Longest Winning Streak Since 2004 – Zerohedge
Endgame: Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever – Zerohedge
Flutter Lowers Full Year Earnings Forecast, Shares Tumble – Reuters
AstraZeneca Lifts Outlook, Gains Obesity Drug: The London Rush – bbg
ArcelorMittal Profit Drops as Steel Market Suffers Demand Slump – bbg
Deutsche Telekom Boosts Guidance After Beating Profit Estimates – bbg
European markets set to open lower again as negative momentum continues – cnbc
Asia markets inch higher; China prices shrink faster than expected – cnbc
Analysts Cut 2024 Earnings Outlooks for Asian Firms Amid China Slowdown, Q3 Profit Gloom – Reuters
China Slips Back Into Deflation as Recovery Remains Fragile – bbg
Asian Stocks to Climb as S&P 500 Hits Hot Streak: Markets Wrap – bbg
Wednesday 11/08
Arm Slides After Giving Tepid Forecast in Inaugural Report – bbg
Arm reports first post-IPO earnings and the stock is down 7% – cnbc
Disney Theme Parks Strength Fuels Profit Beat, Offsets Ad Weakness – Reuters
Disney Stock Rises After Earnings Beat, Increases Cost-Cutting Plan By $2BN – Zerohedge
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit – cnbc
Stocks chop, yield curve flattens and oil tumbles – Newsquawk US Market Wrap
S&P 500, Nasdaq Barely Extend Win Streaks as Investors Eye Yields, Fed Comments – Reuters
Bullion & Black Gold Breakdown As Loosening Financial Conditions Foil Fed’s Plan – Zerohedge
S&P 500 gains for an eighth straight day, builds on longest win streak in 2 years – cnbc
Yields Remains At Session Lows After Medicore, Tailing 10Y Auction Which Sees Jump In Foreign Demand – Zerohedge
Eli Lilly Wins FDA Nod for Obesity Drug That Rivals Wegovy, Ozempic – bbg
Stocks making the biggest moves midday: Warner Bros., Occidental Petroleum, Rivian, Toast and more – cnbc
Warner Bros Discovery Says Strike Effect, Lousy Ad Market to Bleed Into 2024 – Reuters
Warner Bros. Discovery stock sinks 16% as ad revenue falls, Zaslav warns of ‘generational disruption’ – cnbc
European Shares Rise on Strong Earnings, Pharma Boost – Reuters
Under Armour’s Robust Margin Forecast Blurs Weak North America – Reuters
Biogen Cuts Profit Forecast on Alzheimer’s Drug Launch, Deal Costs – Reuters
Euro Zone Consumers Raise Inflation Expectations in Headache for ECB – Reuters
Shares of Roblox pop 15% after company’s third-quarter results beat estimates – cnbc
Futures Flat Ahead Of Closely Watched Powell Speech – Zerohedge
Euro Zone Retail Sales Fall in Sept, Exposing Weak Consumer Demand – Reuters
ABN Amro Profit Beats Estimates on Higher Rates, Divestments – bbg
Ahold Delhaize Trims Profit Target Amid US Margin Weakness – Reuters
Adidas Gets Another €350 Million From Yeezy Amid Turnaround Push – bbg
Adidas Sees Samba Shoes Driving More Interest From Retailers – Reuters
Bayer Examines Break-Up Options and Prepares to Cut Management Jobs – Reuters
Commerzbank Q3 Net Profit More Than Triples, Beats Expectations – Reuters
Commerzbank Beats Estimates, Announces €600 Million Buyback Plan – bbg
Commerzbank Q3 net profit more than triples, beats expectations – cnbc
Continental Boosts Earnings on Higher Pricing, Lower Inventories – Reuters
Credit Agricole Beats Forecasts on Strong Investment Bank Boost – Reuters
Credit Agricole Beats Estimates With Fixed Income Trading Up 26% – bbg
Negative momentum continues in European markets, as investors assess earnings – cnbc
Most Asia markets dip; Japan business sentiment improves – cnbc
China’s Oil Demand Outlook Is Worsening as Winter Approaches – bbg
China Car Sales Rise Almost 10% Yr/yr in Oct, Third Month of Gains – Reuters
Asia Stocks to Open Mixed After S&P Extends Rally: Markets Wrap – bbg
Tuesday 11/07
Stocks making the biggest moves after hours: eBay, Toast, Extra Space Storage, Akamai Technologies and more – cnbc
Occidental Petroleum Tops Profit Estimates on Robust Production – Reuters
EBay Projects Holiday Revenue That Falls Short of Estimates – bbg
Robinhood Revenue Misses Estimates as Muted Trading Volumes Weigh – Reuters
Rivian Ends Amazon Van Exclusivity, Raises Production Forecast – bbg
Lucid Cuts Full-Year Production Forecast – Reuters
Gilead Quarterly Results Beat Street Estimates as Profit up on Lower Taxes – Reuters
Stocks mixed with Dollar and Bonds bid amid weak global data – Newsquawk US Market Wrap
S&P 500, Nasdaq Score Longest Win Streak in 2 Years on Rates View – Reuters
“Earthquakes”, “Golden Paths”, & “Everything’s Booming”: FedSpeak Sparks Bond, Bitcoin, & Big-Tech Gains – Zerohedge
S&P 500, Nasdaq finish higher to clinch longest winning streaks since November 2021 – cnbc
US Consumer Borrowing Rises on Credit Cards, Non-Revolving Debt – bbg
Gold Mining ETFs Fail to Keep Pace With Benchmark Bullion Fund – Reuters
Credit Card Debt Grinds To A Halt As Average APR Hits New Record High – Zerohedge
Bond Traders Are Betting on an End to Fed Rate Hikes for a Seventh Time – bbg
P/L pain, CTA chasing and imploding war hedges – Zerohedge
Explainer-Why WeWork Failed, and What Is Next – Reuters
WeWork’s Bankruptcy Caps Swift Downfall for $47 Billion Standout – bbg
WeWork Joins a Long List of High-Profile SPACs That Have Failed – bbg
Stocks making the biggest moves midday: Datadog, Re/Max, Planet Fitness, Tripadvisor and more – cnbc
Worst Sales Beats Since 2019 Expose Weak US Consumer – Zerohedge
Bitcoin Miners Sold More Tokens Than They Minted During October’s Crypto Rally – bbg
European Stocks Dip as Energy, Growth Worries Outweigh UBS Gains – bbg
Peter Schiff: The Recession May Have Already Started – Zerohedge
US Trade Gap Widens More Than Expected in September – Reuters
As Shutdown Looms Next Week, House GOP Prepare Another Stopgap – Zerohedge
Marketmind: Some Payback, but Bonds Hug Gains on Oil – Reuters
Uber Posts Revenue That Misses Estimates on Accounting Change – bbg
US Futures End Six-Day Winning Streak As Fed Speakers Dampen Hopes Of Rate Cuts – Zerohedge
US Debt Bill Rockets Past a Cool $1 Trillion a Year – bbg
Euro Zone Producers Prices Inch up in September – Reuters
German Industrial Output Falls Further Than Forecast in September – Reuters
UBS Posts First Loss Since 2017 Amid Credit Suisse Integration – bbg
UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up – cnbc
US Wheat Exports Plunge to 20-Year Low as Mississippi River Dries Up – bbg
European markets head for lower open as positive momentum stalls – cnbc
South Korea stocks dip 3% leading region’s losses as traders parse China trade data, RBA rate hike – cnbc
China’s Exports Record Bigger Slump Than Expected in October – bbg
China’s imports surprise with growth in October, but exports fall more than expected – cnbc
RBA’s Bullock Delivers First Hike as Governor to Cool Inflation – bbg
China EV Makers Fall on Report of Tesla’s Cheaper EU-Made Model – bbg
Asian Shares to Dip After Wall Street Rally Fades: Markets Wrap – bbg
Monday 11/06
Senior Loan Officer Survery Shows Modest Improvement Even As Credit Remains Tight, Demand Weak – Zerohedge
Bonds pare most of NFP upside while stocks chop – Newsquawk US Market Wrap
Russell 2000 & Regional Banks Slammed As Yields & Crude Rebound – Zerohedge
Wall St Flat After Rally as Fed Speakers, Treasury Auctions Eyed – Reuters
Nasdaq closes higher Monday to notch longest winning streak since January – cnbc
Italy Seizes €779 Million From Airbnb for Alleged Unpaid Taxes – bbg
Hedge Funds Pile Into US Stock Rally at Fastest Pace in 2 Years – Goldman Sachs – Reuters
Stocks making the biggest moves midday: Hilton Grand Vacations, Paramount, Albemarle and more – cnbc
DoubleLine Is Overweight Blue-Chip Debt for First Time in Decade – BBG
European Shares Slip After Strong Week – Reuters
BioNTech Cuts 2023 Revenue Target on Reduced Prospects for Vaccine – Reuters
Worst Sales Beats in Years Show Weakening US Consumer Trends – BBG
Stocks making big moves premarket: Dish Network, Bluegreen, Albemarle and more – cnbc
Futures Extend Last Week’s Blockbuster Rally As Oil, Yields Rise – Zerohedge
Euro zone recession fears harden as surveys show grim start to Q4 – Reuters
German Service Sector Activity Contracts in October – PMI – Reuters
German Factory Orders Unexpectedly Edged Higher in September – bbg
Ryanair to Pay First-Ever Dividend, Cautions on Higher Fuel Bill – bbg
The Price of Money Is Going Up, and It’s Not Only Because of the Fed – bbg
European markets set to start the week in mixed territory – cnbc
Marketmind: Rate Cut Prospects Fuel Stock Rally – Reuters
South Korea stocks lead Asia markets higher after short selling ban – cnbc
Global Funds Dumped Another $3 Billion in China Stocks in Oct -Morgan Stanley – Reuters
Asia Stocks Set for Bullish Tailwind from US Rally: Markets Wrap – bbg
Week Ahead Preview – cb
Key Events This Quiet Week: SLOOS, Consumer Sentiment And Barrage Of Fed Speakers – Zerohedge