Black Monday

[RTM]

Annual debt ceiling negotiations are now a recurring political show every year with similar outcomes, so not much to see there - in terms of meaningful or sustainable impact on markets, I think.

Rising China Taiwan attrition, Higher USD, anti-trust cases, decreasing personal US savings and increasing FFR should, however, grind down SPX500 in the next few quarters, even if US remains a low volatility market in this period. Here's an insightful listen on closer-than-you-think China's War timeline, for those who can spare the time https://www.youtube.com/watch?v=98kMSEkPiLo

Thanks for the link. Worrying. I recall before the Ukraine invasion the USA saying the signs were very clear that it was going to happen. Seems to be the same here. I remember thinking it would be over in a week or two. Very wrong.

I wonder what the outcome will be in Taiwan ?

[bull....]

10-year and 30-year Treasury yields rise to their highest levels since 2007

https://www.cnbc.com/2023/10/03/us-t...c-outlook.html


going over 5% stocks down more 4200 test coming up

[Valuegrowth]

Job market is still hot. The final stage in the longest bull market for all types of extremely over valued assets. History can repeat in a different manner. What happened in the past will happen again and again in a different manner.

[bull....]

Job market is still hot. The final stage in the longest bull market for all types of extremely over valued assets. History can repeat in a different manner. What happened in the past will happen again and again in a different manner.

the catalyst for todays savaging , although plenty of bad news came out yesterday setting the scene for today's action. as well a technical setup's

[Daytr]

I found it interesting that gold hit a potential triple bottom overnight and bounced.
Gold has been hammered in recent weeks down around 10%.
The cost of carry has been hurting gold and that's not going away, however I also think there would have been selling to fund margin calls in the equity markets.

If gold doesn't hold here then next major support looks like $1620ish.

[winner69]

the catalyst for todays savaging , although plenty of bad news came out yesterday setting the scene for today's action. as well a technical setup's

Jeez SPX down 1.5% …but on way back up

Didn’t get to 4200 …that’s good

[Valuegrowth]

GOLD nay drop to $ 1000. It's not going to escape. QUOTE=Daytr;1024356]I found it interesting that gold hit a potential triple bottom overnight and bounced.
Gold has been hammered in recent weeks down around 10%.
The cost of carry has been hurting gold and that's not going away, however I also think there would have been selling to fund margin calls in the equity markets.

If gold doesn't hold here then next major support looks like $1620ish.[/QUOTE]

[Daytr]

[QUOTE=Valuegrowth;1024358]GOLD nay drop to $ 1000. It's not going to escape.

What makes you think that?

[Joshuatree]

Good question. I meant market cap.

Hey Azz, there will be competitors clammering to fill the gap,compete it's a natural law.Have you researched who the contenders will be even if they're not up to speed yet?

[Azz]

Hey Azz, there will be competitors clammering to fill the gap,compete it's a natural law.Have you researched who the contenders will be even if they're not up to speed yet?

They have to make their own chips. A lot of the A.I. "competitors" so far are using the Nvidia hardware backbone. Amazon, for example, is going all-in with A.I.; they use Nvidia chips, but moving forward intend to design and make their own, at least for a portion of their A.I. software; of note, is these Amazon chips are not as powerful as Nvidia's.