ANDIKA BULLETin 22 OCT 2024

10 US Full trading sessions left between now and Election day

ANDIKA BULLETin 22 OCT 2024

Gold and crypto prices surged early on but ended up being dumped. Crude and bond yields moved higher together along with the dollar as prediction markets and polls pull increasingly towards Trump.

The Dow was the worst in the glue factory closing down 344 pts or 0.8% while the Nasdaq managed a small 50pts or 0.27% gain.

Meanwhile in Bond land the 2yr yield was back above 4% while the 10yr was back above 4.18%

Both still way below the current Fed fund rate of 4.75% but it suggests the amount of future rate cuts is dwindling to around 2-3 cuts.

Bitcoin SPOT ETF flows have been consistent scoring positive inflows over the last 8 days. Spot BTC is USD$67,687 or AUD$101,685

Fun fact: There are just 10 US Full trading sessions left between now and Election day...

Happy Tuesday!

This information contains unsolicited general information only, without regard to any individual’s investment objectives, financial situation or needs. It is not specific advice for any particular investor or trader. Investment in the stock market involves risk.

This information may not take into account your investment objectives or financial situation, and you should obtain advice based on your own individual circumstances before making an investment decision.

This information is made available to you by ANDIKA Pty Ltd ABN 41 117 403 326, a licensed securities and derivatives dealer (AFSL # 297069).

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Confidential Daily.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.