News Overnight
Terrible news for Germany as the decline in it’s industrial base continues. The sharp decline in Industrial Production was primarily driven by a collapse in the country’s largest industrial sector, the automotive industry, where output fell a staggering 18.5% MoM, adj for seasonality & working days.
Breaking
Stablecoin Adoption Poised to Drive Dollar Buying, JPMorgan Says [Bloomberg]
Fed officials were cautious about inflation as they agreed rate cuts [FT]
Gold’s Spectacular Three-Year Rally Is Breaking All the Records
US Stablecoin Dream Is a Nightmare for China [Bloomberg]
Argentine Treasury struggles to contain peso slide, awaits US support [Reuters]
Markets face ‘sharp correction’ if mood sours on AI or Fed freedom, Bank of England says [Reuters]
For Free Subscribers
S&P 500 9 October 20025
With the NASDAQ asking all the up or down questions, the S&P has been chugging along nicely in it’s own trend since 1 August.
For Paid Subscribers
Silver Update 9 October 20025
Price is now getting tired. It’s been kept up by the relentless upward momentum of Gold. A pullback to 46.60 is on the cards short-term, and maybe 41.50.
Economic Indicators Today
