- Market Briefing
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- Page 21
Market News
Fed is done
Powell hints Fed is done with hikes - a pivot cheered by markets, IRS announces 2024 retirement account contribution limits, world’s safest market becomes a magnet for big investors, BofA indicator shows S&P 500 gaining 16% over next year, and real estate industry takes a fresh hit with verdict…
Tesla tumbles
Powell to hold policy news conference today at 2:30p ET (watch live), it’s a ‘no’ from Biden for House GOP Israel aid package, Treasury announces new Series I bond rate of 5.27% for next 6/mo., Tesla erases $145 billion in valuation, and WeWork set to file for bankruptcy next week…
They got screwed
Israel launches Gaza war's second phase with ground operation, the big bond market event Wednesday is at Treasury, which is also the day we get the next Fed rate hike decision, BofA says boomers won the housing market and millennials got screwed, and ‘X’ launches two subscription tiers to boost replies…
Too addicting
World leaders seek pause to fighting to allow aid into Gaza, Meta gets sued by 42 attorneys general for addictive features aimed at kids, Apple announces ‘Scary Fast’ product event night before Halloween, Republican Mike Johnson’s up next to seek speaker’s gavel, and Jamie Dimon rips central banks for being dead wrong on forecasts…
Buckle up
The US and Israel weigh a future without Hamas, Argentina heads to runoff as Massa gained edge (live results here), already painful housing market meets the 8% mortgage rate, car owners fall behind on payments at record highs, and bond traders ‘buckle up’ for wild Treasuries swings…
'Bond Math' magic
Fed Chair Powell to deliver key speech @ noon ET, Biden pledges solidarity for Israel in visit to Tel Aviv, OpenAI in talks to sell shares at $86B valuation, ‘bond math’ shows bet on Treasurys could reap dazzling returns, and Amazon begins delivering medications by drone…
Biden's $100B ask
Biden to ask Congress for $100 billion in Israel, Ukraine aid, September retail sales rose beating expectations, Marc Andreessen drops a 5200-word ‘Techno-Optimist Manifesto’ repeating “We believe” 113 times, home foreclosures are on the rise, and the U.S. gets a C+ in retirement…