Due to no QLD Daylight saving the BULLETin most days will be published after the ASX mkt opens.
I also have PT Tuesday, Wednesday and Friday's
Quite overnight mkts...Headlines on Israel reportedly agreeing not to blow up energy facilities wiped a chunk of geopolitical risk premium off crude; the Empire Fed manufacturing survey crashed from multi-year highs, crushing the 'no landing' narrative; ASML's dismal semiconductor earnings and outlook wrecked the AI "insane demand" narrative; and Luxury items business LVMH poured cold water on the 'consumer is strong' narrative.
The result of all that was bonds bid (yields lower), oil dumped, bitcoin & gold jumped along with the US dollar, and US growth stocks puked as value spiked.
Bitcoin broke out of its down-channel overnight, blowing through the 200DMA.
Source: Bloomberg
...and perhaps on its way to new highs as it tracks global liquidity...
Source: Bloomberg
Finally, Former President Donald Trump sat down with Bloomberg Editor-In-Chief John Micklethwait for an interview in partnership with the Economic Club of Chicago - where he knocked several tough questions out of the park, while starting - and ending, with a standing ovation.
Watch the (2hr48min) interview in full below.
Happy Wednesday!
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