Financial Markets Update 7 November 2025
Markets reach pivotal moment
News Overnight
Comments of government support by OpenAI’s CFO spoked investors and the subsequent walk-back made it even worse. The message is crystal clear: there’s no more cash in the investment pipeline.
Altman Says OpenAI Doesn’t Want a Government Bailout For AI [Bloomberg]
OpenAI CFO Would Support Federal Backstop for Chip Investments [Wall St Journal]
Chip, AI and tech stocks in general had a bad day, and the question is: does this mark the top?
A dovish hold by the Bank of England was pretty much the only economic event but yesterday was a pivotal moment for markets.
Breaking
US Household Debt Hits Record $18.6 Trillion As Student Loan Defaults Explode [Zerohedge]
Elon Musk Wins $1 Trillion Tesla Payday [NY Times]
Why the Fed’s balance sheet may grow again [FT]
UBS to liquidate funds with substantial First Brands exposure [FT]
Interview. Milei defies calls to float Argentine peso freely [FT]
For Free Subscribers
Bitcoin Update 7 November 2025
An almost euphoric day yesterday as BTC bounced 1% after the 5% drop the previous day. If this was the bottom we’d expect as least another 2 attempts to get price below 100k, and that’s happening as we speak.
S&P 500 Update
For Paid Subscribers
USD/YEN Update 7 November 2025
Economic Indicators Today
Limit Up! Podcast 3 November 2025
