Layer3.news

BITCOIN RISES ABOVE $90,000 AS CRYPTOCURRENCY ATTEMPTS RECOVERY AMID STOCK MARKET GAINS

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✍️ Bitcoin rose above $90,000, but some strategists warn that the price action may not be a sign of a meaningful recovery.

👉 Bitcoin rose above $90,000, but some strategists warn that the price action may not be a sign of a meaningful recovery. 👉 The market is expecting a 25 basis point rate cut in December, but the Federal Reserve's communication may be what matters most for the direction of crypto prices. 👉 Strategists warn that the price action may not be a sign of a meaningful recovery, and that the market is expecting a 25 basis point rate cut in December.

-- #TorstenSlok #JeromePowell #EdEngel #InesFerre #technology

‘DR. DOOM’ NOURIEL ROUBINI BREAKS WITH THE CROWD ON THE AI BUBBLE, SAYING THE U.S. IS HEADED FOR A ‘GROWTH RECESSION’ AND NOT A MARKET CRASH

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✍️ Nouriel Roubini, a renowned economist, is breaking with his pessimistic views on the US economy, arguing that tariffs will not trigger a recession and that the US will experience a powerful rebound led by technology and capital spending.

👉 Roubini argues that tariffs will not trigger a recession 👉 He believes that the US will experience a powerful rebound led by technology and capital spending 👉 He dismisses the conventional view that the US economy is heading for a recession 👉 He argues that the US will continue to be the most innovative advanced country 👉 He predicts that the US economy will experience a short period of cooling growth, followed by a powerful rebound

-- #NourielRoubini #MichaelBurry #TorstenSlok #MikeWilson #PresidentDonaldTrump #economy

TOP ANALYST SEES ‘GENUINE CRACKS FOR MID- TO LOWER-END CONSUMERS’ AS THE K-SHAPED ECONOMY CONTINUES TO BITE

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✍️ The Global Investment Committee at Morgan Stanley Wealth Management is warning of significant headwinds facing the narrative surrounding the 'resilient U.S. consumer', despite consumer spending maintaining a steady growth rate.

👉 Consumer spending has maintained a steady nominal growth rate of 5% to 6% 👉 The K-shaped economy is a major concern, with the top 10% doing well, but the lower 60% facing rising pressure 👉 Mounting credit stress and delinquencies are a key factor, with subprime 60-day delinquencies reaching a 31-year high 👉 An affordability crisis is also a concern, with persistently high price levels and a stable 3% inflation rate 👉 Deteriorating labor sentiment is weakening, with job openings falling and layoffs spiking

-- #LisaShalett #DavidKelly #TorstenSlok #business

THE S&P 500 IS ALSO IN A K-SHAPED ECONOMY, SAYS APOLLO, WITH A WIDENING GAP BETWEEN THE WINNERS AND LOSERS

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✍️ The economy is experiencing a 'K-shaped' recovery, where wealthy consumers are confident in their outlook, while those at the lower end of the income ladder feel like they're living in a recession.

👉 The economy is experiencing a 'K-shaped' recovery, with wealthy consumers reporting confidence and those at the lower end of the income ladder feeling like they're living in a recession 👉 The stock market is driving growth, with spending by well-off Americans responsible for nearly half a percentage point of real GDP growth 👉 The divide between the rich and the average worker is growing, with the wealthy benefiting from the booming stock market

-- #MarkZandi #TorstenSlok #America #Europe #Asia #London #Germany #France #Spain #Japan #HongKong #SouthKorea #India #economy

US ECONOMIC RESILIENCE LIFTS SPIRITS

https://media.zenfs.com/en/reuters.com/18c8df81669a4d7e2c3e06fb8c3ca4a3

✍️ US stocks and bond yields rose on strong job growth and service sector data, casting doubt on the need for further Federal Reserve rate cuts.

👉 US stocks and bond yields rose on strong job growth and service sector data 👉 Private sector payrolls growth rebounded sharply in October 👉 Services sector activity rose to its strongest in eight months 👉 Market probabilities of a Fed rate cut next month decreased 👉 Big Tech's investments in AI are under scrutiny 👉 Experts question whether these investments will deliver returns

-- #JamieMcGeever #JeromePowell #DanielKeum #TorstenSlok #RossHendricks #BobElliott #MarkZuckerberg #Orlando #Japan #SouthKorea #Brazil #China #Eurozone #UnitedStates #business

THE STOCK MARKET IS STARING DOWN A CHAOTIC MIX OF ITS 4 MOST IMPORTANT CATALYSTS THIS WEEK

https://media.zenfs.com/en/business_insider_articles_888/7c9589134bbaab2af51f9e46334e76b5

✍️ The article discusses the current market landscape, highlighting four key catalysts that could shape markets in the near term: the Fed's interest-rate decision, AI fever, earnings season, and trade progress.

👉 The Fed's interest-rate decision is expected to cut rates by 25 basis points, with Chair Jerome Powell's comments potentially causing volatility. 👉 Qualcomm's announcement of new chips and computers has raised investor antennae for new products and cross-company collaborations. 👉 Earnings season is expected to be big, with major tech giants reporting this week, and strong results potentially leading to stock gains. 👉 Trade progress is expected to be positive, with a reported US-China treaty potentially leading to fewer tariffs and more global collaboration.

-- #JeromePowell #DimitriSemenikhin #MarkZandi #LanceRoberts #TorstenSlok #WillEdwards #business

NVIDIA MARKET CAP CROSSES $5 TRILLION AS AI BOOM POWERS THE STOCK

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✍️ Nvidia has become the first company to reach a market capitalization of $5 trillion, surpassing Apple's previous milestones.

👉 Nvidia becomes the first company to reach a market capitalization of $5 trillion 👉 Nvidia's stock opened at $207.86 per share 👉 Nvidia's value increased from $336.9 billion in October 2022 to $5 trillion in just three-and-a-half months 👉 Nvidia is holding its annual GTC summit 👉 Nvidia made several announcements, including a $1 billion investment into Nokia

-- #JensenHuang #DonaldTrump #XiJinping #TorstenSlok #JoeTsai #TomSiebel #Washington #SouthKorea #China #technology

ANALYSIS-TECH SPENDING PLANS WILL TEST STOCK MARKET'S AI TRADE

https://media.zenfs.com/en/reuters-finance.com/e31a159cd23bf196ad156ac0afa53f59

✍️ US megacap companies' massive investments in artificial intelligence could impact the AI trade, which has driven the record-breaking US stock market rally.

👉 US megacap companies are investing massively in artificial intelligence 👉 The AI trade has driven the record-breaking US stock market rally 👉 Investors are watching for signs of weakness or overcapacity in the AI industry 👉 The companies' spending updates could impact the AI trade

-- #LewisKrauskopf #DonNesbitt #JeffBuchbinder #NickGiorgi #TorstenSlok #MichaelReynolds #ChuckCarlson #technology

IS CHINA ONE OF THE MAIN FACTORS BEHIND THE HISTORICAL INCREASE IN THE PRICE OF GOLD?

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✍️ The article discusses the recent surge in gold prices and its implications for investors. It highlights the factors contributing to the price increase, including geo-political tensions, economic uncertainty, and central banks' buying activities.

👉 Gold prices have surged to historic highs, driven by geo-political tensions, economic uncertainty, and central banks' buying activities. 👉 Individual investors should approach gold investment with caution, diversify their portfolios, and avoid speculation. 👉 Central banks' buying activities have contributed to the price increase, but individual investors should not rely solely on this factor. 👉 Gold investment should be viewed as a long-term strategy, rather than a quick fix for financial problems. 👉 Individual investors should educate themselves on the risks and benefits of gold investment before making a decision.

-- #MuhammadAfzal #MuhammadSanajleh #MostafaFehmi #TorstenSlok #BrianLane #WalidAl-Faqih #DarrellFletcher #AlexTsibulya #KathrynBrooke #DarrellFletcher #MostafaFehmi #AlexTsibulya #MostafaFehmi #TorstenSlok #BrianLane #WalidAl-Faqih #DarrellFletcher #AlexTsibulya #KathrynBrooke #China #UnitedStates #Britain #China #business

AS MORTGAGE RATES NEAR 6%, THIS KEY FIGURE COULD UNLOCK A REFINANCING WAVE AFTER THE FED MEETING

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✍️ The Federal Reserve is expected to cut interest rates, which could benefit borrowers who took out mortgages during a period of high interest rates and a frozen housing market.

👉 Borrowers who took out mortgages during a period of high interest rates and a frozen housing market could benefit from a rate cut. 👉 The Federal Reserve is expected to cut interest rates by 25 basis points. 👉 The 10-year Treasury yield has fallen, which could contribute to lower mortgage rates. 👉 Mortgage rates could fall to below 6%, making it easier for borrowers to refinance their mortgages.

-- #AndrewWells #TorstenSlok #JohnKerschner #business

CHINA'S GOLD BINGE MAY ECLIPSE US DOLLAR, SAYS TOP ECONOMIST

https://media.zenfs.com/en/benzinga_79/dc6cd4b6008f4c96b1a83b20bebeffc5

✍️ China's growing influence in the gold market is expected to surpass even that of the US dollar, according to a top economist, with central banks and households driving demand.

👉 China's central bank has been quietly amassing gold reserves since 2022 👉 China's growing influence in the gold market is expected to surpass even that of the US dollar 👉 Central banks and households are driving demand for gold 👉 Gold miners experiencing a significant sell-off following a plunge in bullion prices

-- #TorstenSlok #SteveSchoffstall #ChamathPalihapitiya #EdYardeni #JeffBezos #business

AS NATIONAL DEBT ACCELERATES TO $38 TRILLION, WATCHDOG WARNS IT’S ‘NO WAY FOR A GREAT NATION LIKE AMERICA TO RUN ITS FINANCES’

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✍️ The US national debt has surged past $38 trillion, with the fastest rate of growth outside of the pandemic, according to the US Treasury Department.

👉 The US national debt has surpassed $38 trillion, with the fastest rate of growth outside of the pandemic. 👉 The debt has risen by $1 trillion in just over two months. 👉 Deficit spending, rising interest costs, and the economic drag of the government shutdown are contributing to the acceleration. 👉 Interest payments on the national debt now total roughly $1 trillion per year. 👉 The government has spent $4 trillion on interest over the last decade and is projected to spend $14 trillion over the next 10 years.

-- #MichaelA.Peterson #TorstenSlok #DonaldTrump #politics

WALL STREET'S HOTTEST TRADE RIGHT NOW IS ONE THAT DOESN'T EVEN INVOLVE STOCKS

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✍️ The article discusses the 'debasement trade' in the financial markets, where investors are buying up hard assets like gold and silver and selling currencies and government debt, driven by concerns over budget deficits and high inflation.

👉 Investors are buying up hard assets like gold and silver 👉 Investors are selling currencies and government debt 👉 Concerns over budget deficits and high inflation are driving the debasement trade 👉 The debasement trade is not a perfect match, as there are other factors at play

-- #DemitriSemenikhin #TorstenSlok #SanaeTakaichi #MikeWilson #DavidKelly #Japan #US #business

TOP ANALYST SAYS CHINA IS PLAYING A ‘KEY ROLE’ IN THE PRICE OF GOLD GOING THROUGH THE ROOF, AND HE’S GOT THE DATA TO PROVE IT

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✍️ China's central bank buying, arbitrage trading, and household demand have propelled gold prices to record highs in 2025, according to Torsten Slok, Apollo Global Management's chief economist.

👉 China's central bank buying, arbitrage trading, and household demand have propelled gold prices to record highs in 2025 👉 China's official reserves have reached 2,264 tonnes, with industry consensus suggesting real holdings may be even greater 👉 Household demand for gold ETFs is surging, and gold futures trading volumes have spiked 👉 US-China trade tensions, dollar depreciation, and interest rate cuts have added fuel to the fire 👉 Gold prices have reached a record high of $4,381.52 an ounce

-- #TorstenSlok #OleHansen #EdYardeni #DonaldTrump #XiJinping #LinaThomas #PierreLassonde #JamieDimon #KenGriffin #RayDalio #China #UnitedStates #Shanghai #business

40% OF RUSSELL 2000 COMPANIES ARE UNPROFITABLE, BUT THEIR STOCK OUTPERFORMS—AND ‘THE BUBBLE COULD CONTINUE,’ ONE ANALYST SAYS

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✍️ Nasdaq 100 futures remain steady as tech stocks near record highs, despite concerns about a bubble in the tech sector.

👉 Nasdaq 100 futures remain steady as tech stocks near record highs 👉 Small-cap tech companies with no earnings or negative earnings are outperforming companies with actual profits 👉 Analysts are concerned about a bubble in the tech sector 👉 Federal Reserve's interest rate cuts expected to fuel further capital expenditure in tech

-- #TorstenSlok #LisaShalett #SavitaSubramanian #BenMay #business

BILLIONAIRE KEN GRIFFIN WARNS ON CONSEQUENCES OF GOLD’S RALLY AS GOLDMAN TARGETS NEARLY $5,000

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✍️ Gold prices are expected to reach $4,000 an ounce, with Goldman Sachs analysts predicting a surge to $5,000 by the end of next year. Ken Griffin, CEO of Citadel, warns of the consequences of this rally, citing inflation and the waning preference for the US dollar.

👉 Gold prices expected to reach $4,000 an ounce 👉 Goldman Sachs analysts predict a surge to $5,000 by the end of next year 👉 Ken Griffin warns of the consequences of this rally, citing inflation and the waning preference for the US dollar 👉 Investors seeking alternative assets, such as gold and bitcoin, to diversify their portfolios

-- #KenGriffin #LinaThomas #DaanStruyven #TorstenSlok #NewYork #business

LABOR NUMBERS AREN'T GOOD? FURLOUGH THE PEOPLE WHO COLLECT THEM!

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✍️ The Labor Department's monthly jobs report, scheduled to be released, has been delayed due to the government shutdown, leaving policymakers and economists in the dark about the state of the US labor market.

👉 The Labor Department's monthly jobs report has been delayed due to the government shutdown. 👉 The absence of the report leaves policymakers and economists in the dark about the state of the US labor market. 👉 The shutdown is likely to delay or miss other economic data. 👉 Experts say that this shutdown is different from previous ones, as the economy appears to be at a crossroads. 👉 The lack of data creates uncertainty and raises questions about the administration's motives.

-- #EricaGroshen #TorstenSlok #DonaldTrump #politics

TRUMP'S CONTROVERSIAL TARIFFS GENERATE NEARLY $350 BILLION, BECOMING 'VERY SIGNIFICANT' US REVENUE SOURCE, SAYS ECONOMIST

https://media.zenfs.com/en/benzinga_79/5945a2ad2991882d027e188b3bef9310

✍️ The article discusses how the US government's tariffs have become a significant revenue source, generating nearly $350 billion at an annualized pace, according to economist Torsten Slok.

👉 Tariffs have become a significant revenue source for the US government, generating nearly $350 billion at an annualized pace. 👉 The revenue is significant, representing approximately 18% of annual household income tax payments. 👉 The tariffs have become a crucial element of Washington's financial stability, shielding the US from the worst of the recent global bond market turmoil. 👉 The Congressional Budget Office estimates that the tariffs could lower the deficit by as much as $4 trillion over the next ten years.

-- #TorstenSlok #DonaldTrump #JeromePowell #JustinWolfers #JoaoGomes #UnitedStates #China #Yale #politics

TRUMP’S TARIFFS ARE BRINGING IN A ‘VERY SIGNIFICANT’ AMOUNT OF REVENUE, TOP ANALYST SAYS: ROUGHLY $350 BILLION A YEAR

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✍️ The US government is collecting tariff revenues at an annualized pace of $350 billion, a significant amount that is shaping America's economic and trade landscape.

👉 Tariff revenues are being collected at an annualized pace of $350 billion 👉 Tariffs have long been a controversial instrument in US economic policy 👉 The burden of tariffs is not evenly borne, with costs passed along to consumers 👉 The impact on the national debt is significant, with the Congressional Budget Office projecting a reduction of up to $4 trillion over the next decade

-- #TorstenSlok #ShawnTully #SteveHanke #politics

TOP ANALYST SAYS THE U.S. BULL MARKET DATES ALL THE WAY BACK TO THE 1980S, AND STOCKS JUST HIT A POTENTIALLY UNSUSTAINABLE 363% OF GDP

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✍️ A leading Wall Street strategist warns that the US stock market's value has reached a staggering 363% of GDP, surpassing the dotcom bubble, and raises concerns about sustainability.

👉 The value of US stocks has reached 363% of GDP, surpassing the dotcom bubble. 👉 The S&P 500's trailing P/E ratio is 30x, one of the most expensive on record. 👉 The market's rise has been driven largely by feverish enthusiasm for artificial intelligence and a few mega-cap tech stocks. 👉 The bull market has been going on for decades, with the S&P 500 providing an average annual return of 11.6% since 1985.

-- #DavidKelly #ShawnTully #RanaForoohar #GaryMarcus #TorstenSlok #JeromePowell #MichaelLewis #AdamMcKay #OliverStone #business

IS ORACLE’S STOCK SPIKE THE STRONGEST INDICATOR YET THAT WE’RE IN AN AI BUBBLE?

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✍️ Oracle's stock surged 40% after reporting strong cloud demand and signing a massive deal with OpenAI, but some analysts warn of an AI bubble and potential collapse.

👉 Oracle's shares surged 40% after reporting strong cloud demand and signing a massive deal with OpenAI. 👉 The company reported fiscal first-quarter earnings, missing analyst expectations on earnings per share and revenue. 👉 Oracle has $455 billion in remaining performance obligations, up 359% from a year ago. 👉 The OpenAI deal is one of the largest cloud contracts ever signed, requiring about as much power as 4 million homes. 👉 Some analysts warn of an AI bubble and potential collapse, citing overvaluation and concentration of wealth in a few companies.

-- #LarryEllison #ElonMusk #SamAltman #TorstenSlok #JoeTsai #TomSiebel #technology

‘HUMAN SKILLS’ ARE AT A PREMIUM AGAIN NOW THAT BIG COMPANIES ARE BACKPEDALING ON ERROR-PRONE AI

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✍️ The article discusses the decline in AI adoption rates among large companies, citing a survey by the US Census Bureau and a report by Upwork. Experts believe that humans are coming back into the loop as AI models still hallucinate 10% to 12% of the time, and that human skills are being valued at a premium.

👉 AI adoption rates among large companies have declined from 14% to 12% since the summer 👉 Experts attribute this decline to the limitations of AI models, which still require human oversight and fact-checking 👉 Human skills such as domain expertise, judgment, and communication are in high demand 👉 The decline in AI adoption is not a reaction to declining AI adoption, but rather a recognition of the value of human skills in the workplace

-- #JensenHuang #DarioAmodei #KellyMonahan #TorstenSlok #ErikBrynjolfsson #JureLeskovec #technology

THESE ARE THE STOCK-MARKET TRADES TO MAKE GOING INTO THE END OF THE YEAR, ACCORDING TO GOLDMAN SACHS

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✍️ The market reaction to Friday's nonfarm payrolls data was mixed, with the S&P 500 closing near its peak despite hitting a fresh record high earlier in the day.

👉 The S&P 500 closed near its peak despite hitting a fresh record high earlier in the day 👉 Goldman Sachs predicts a 2-6% gain in the S&P 500 by the end of the year 👉 The potential risks to this forecast include increased tariffs and the trajectory of capex spending growth from hyperscalers

-- #DavidKostin #ScottBessent #LisaCook #BillPulte #ShigeruIshiba #TorstenSlok #UnitedStates #Tokyo #business

APOLLO’S SLOK: ’NO ALPHA LEFT’ AS IPOS GROW LONG IN THE TOOTH

https://media.zenfs.com/en/investing_com_631/7564aaf967cc13245200fb02f3f7a94b

✍️ Wall Street's stock pickers face a shrinking playground as the number of public companies falls and firms stay private for longer, making it harder for public investors to access growth stories.

👉 The number of public companies is falling 👉 Firms are staying private for longer 👉 Public investors are having a harder time accessing growth stories 👉 The public market is dominated by a few giant stocks 👉 Passive strategies and correlations are on the rise

-- #TorstenSlok #business

TRADERS SEE A CHANCE THE FED CUTS BY A HALF POINT

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✍️ The Federal Reserve is expected to cut its key interest rate by 25 basis points, but some traders are leaving open the option for a half-point cut, citing a soft jobs report and inflation concerns.

👉 The Federal Reserve is expected to cut its key interest rate by 25 basis points. 👉 Some traders are leaving open the option for a half-point cut, citing a soft jobs report and inflation concerns. 👉 The jobs report showed a decline in nonfarm payrolls and an increase in the unemployment rate. 👉 Some economists expect the Fed to cut rates at each of its next five meetings. 👉 Others believe that the Fed may skip a meeting or two before cutting rates again.

-- #AndrewHollenhorst #ChristopherWaller #JeromePowell #MichelleBowman #StephenMiran #TorstenSlok #NewYork #WashingtonD.C. #business

AI BUBBLE FEARS GET WORSE. WALL STREET PLAYS IT COOL

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✍️ OpenAI CEO Sam Altman warns of a potential AI bubble, joining a growing chorus of voices expressing concerns about the sustainability of AI valuations.

👉 OpenAI CEO Sam Altman warns of a potential AI bubble 👉 MIT researchers found that 95% of corporate generative AI projects have failed to generate profit 👉 Apollo Global Management's Torsten Slok calculated that today's top tech companies are more overvalued than their dot-com predecessors 👉 Nvidia's stock fell almost 3% in after-hours trading despite record earnings

-- #SamAltman #GaryMarcus #TorstenSlok #EricSchmidt #technology

TOP ECONOMIST TORSTEN SLOK WARNS OF AN ‘INFLATION MOUNTAIN’ IN A POTENTIAL REPEAT OF THE ’70S

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✍️ Torsten Slok, a market analyst, warns of a potential inflation mountain in the US economy, comparing it to the 1970s and 1980s.

👉 Torsten Slok warns of a potential inflation mountain in the US economy 👉 He compares the current inflation wave to the 1970s and 1980s 👉 Slok notes the upside pressure on inflation and inflation expectations from tariffs, dollar depreciation, and growing disagreement within the Federal Open Market Committee 👉 He suggests that the economy could be due to scale another peak starting almost exactly in the fall of 2025

-- #TorstenSlok #JeromePowell #PaulVolcker #MarkZandi #EvaRoytburg #business

BIG TECH’S MARKET DOMINANCE STIRS DEBATE ON CONCENTRATION RISKS

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✍️ The concentration of tech stocks in the S&P 500 index is sparking debate among investors, with some fearing it's a sign of a potential bubble and others seeing it as a badge of honor for the industry's growth.

👉 The top five tech stocks account for over 30% of the S&P 500 index 👉 The concentration is a result of the companies' strong growth and earnings 👉 Some investors are concerned about the potential risks of concentration 👉 Others argue that the companies' growth and earnings justify their weightings

-- #ScottChronert #TorstenSlok #EmilyRoland #SteveSosnick #Sydney #WashingtonD.C. #Munich #technology

‘IT’S ALMOST TRAGIC’: BUBBLE OR NOT, THE AI BACKLASH IS VALIDATING WHAT ONE RESEARCHER AND CRITIC HAS BEEN SAYING FOR YEARS

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✍️ The article discusses the potential bubble in the AI market, citing concerns from experts such as Gary Marcus and others.

👉 95% of generative AI pilots at companies are failing 👉 The AI market is experiencing a tech sell-off, with a $1 trillion drop in the S&P 500 👉 Experts such as Gary Marcus and others are warning of the limits of large language models 👉 The potential for a bubble and problematic economics is a concern

-- #GaryMarcus #SamAltman #JeromePowell #TorstenSlok #EricSchmidt #HenryFarrell #DarrellWest #JohnThornhill #CarlotaPerez #EdwardChancellor #OwenLamont #SavitaSubramanian #JacksonHole,Wyoming #technology

US TECH STOCKS SLIDE AFTER ALTMAN WARNS OF ‘BUBBLE’ IN AI AND MIT STUDY DOUBTS THE HYPE

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✍️ Investor enthusiasm for artificial intelligence wavered as major tech stocks sold off, with Nvidia and Palantir dropping significantly after an MIT study claimed 95% of companies see no returns from generative AI.

👉 Nvidia and Palantir dropped significantly after an MIT study claimed 95% of companies see no returns from generative AI 👉 The Nasdaq declined more than 1.2% 👉 OpenAI's Sam Altman warned of a potential AI bubble 👉 The MIT study attributed failures to corporate 'learning gaps' and flawed integration rather than actual AI model quality

-- #SamAltman #Jensen #JoeTsai #RayDalio #TorstenSlok #DanIves #technology

OPTIONS TRADERS BRACE FOR BIG TECH SELLOFF WITH ‘DISASTER’ PUTS

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✍️ Options traders are buying insurance to protect themselves from a potential plunge in technology stocks, citing concerns about a repeat of the April selloff.

👉 The Nasdaq 100 Index has rallied nearly 40% since its early April plunge 👉 Traders are buying "disaster" puts on the Invesco QQQ Trust Series 1 ETF 👉 Concerns about a repeat of the April selloff 👉 Potential triggers include the Federal Reserve's Jackson Hole symposium and Nvidia's earnings 👉 The tech-heavy Nasdaq 100 Index has a strong concentration in big tech names

-- #JeffJacobson #TorstenSlok #MichaelHartnett #JacksonHole #NewYork #business

OPENAI'S SAM ALTMAN SEES AI BUBBLE FORMING AS INDUSTRY SPENDING SURGES

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✍️ OpenAI CEO Sam Altman believes the artificial intelligence market is in a bubble, comparing it to the dot-com bubble, while others in the industry disagree.

👉 OpenAI CEO Sam Altman believes the AI market is in a bubble 👉 He compares it to the dot-com bubble, which led to a significant stock market crash 👉 Others in the industry disagree, citing strong fundamentals 👉 OpenAI is expanding into new areas, such as consumer hardware and brain-computer interfaces 👉 The company plans to spend trillions of dollars on its data center buildout

-- #SamAltman #JoeTsai #RayDalio #TorstenSlok #RayWang #SanFrancisco #technology

STAGFLATION PLAYBOOK FOR S&P 500 GETS FRESH LOOK BEFORE CPI DATA

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✍️ Investors are cautious about the potential for stagflation, a combination of slowing economic growth and rising price pressures, as they await the upcoming consumer inflation report.

👉 Investors are cautious about the potential for stagflation 👉 Defensive sectors such as utilities, communications services, and consumer staples are seen as safe-haven investments 👉 Economists and strategists are concerned about the Federal Reserve's interest rate decisions 👉 The S&P 500 Index has dropped after a weaker-than-expected jobs report and an uptick in services inflation

-- #KarlSchamotta #TorstenSlok #BrianJacobsen #MarkDodson #DonaldTrump #business

AMERICA’S MASSIVE ‘MONEY ILLUSION’ IS SETTING THE S&P 500 UP FOR A CORRECTION AS STAGFLATION TAKES HOLD, TOP ANALYSTS SAY

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✍️ Stifel's strategists warn of a potential stock market correction and stagflation, citing overvalued markets and slowing economic growth.

👉 Stifel's strategists predict a decline of 10% or more in the S&P 500 👉 Overvalued markets and slowing economic growth are cited as reasons 👉 The 'money illusion' created by COVID-era fiscal stimulus has led to consumers overspending and a decline in personal savings 👉 Valuations have ballooned, and history shows that momentum can turn on a dime

-- #BarryBannister #ThomasCarroll #TorstenSlok #NickMaggiulli #business

WHY TRUMP'S NEW TARIFFS ARE FUELING ECONOMISTS' STAGFLATION CONCERNS

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✍️ President Trump's new tariffs on US trade partners may increase the risk of stagflation, a period of high prices and low GDP growth, according to some economists.

👉 President Trump's new tariffs on US trade partners may increase the risk of stagflation 👉 The tariffs have increased the average tariff rate to 18%, the highest since 1934 👉 Economists warn that this could lead to higher prices as businesses pass on the costs to consumers 👉 The US economy is already showing signs of slowing down, with GDP growth forecast to slow to 1.5% this year 👉 The Federal Reserve is facing a challenging situation, as it tries to balance the risks of higher inflation and a weaker job market

-- #TorstenSlok #GregDaco #SkandaAmarnath #JeromePowell #KushDesai #MeganCerullo #economy

THE 'STAKES ARE HIGH' FOR BIG TECH EARNINGS

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✍️ Big Tech companies Alphabet, Tesla, and Intel are set to report their financial results, with investors expecting strong earnings growth from the tech stalwarts.

👉 Alphabet, Tesla, and Intel are set to report their financial results 👉 The Magnificent Seven companies are expected to report year-over-year earnings growth of over 14% 👉 The stock market has been performing well, with the Nasdaq Composite notching closing records in all five trading sessions last week 👉 Only three Mag 7 stocks are beating the S&P 500 year-to-date 👉 Tech companies account for over a third of S&P 500 earnings

-- #TorstenSlok #MichaelArone #business

THE AI BOOM IS NOW BIGGER THAN THE ’90S DOTCOM BUBBLE—AND IT’S BUILT ON THE BACKS OF BOTS, MAYBE MORE THAN REAL USERS

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✍️ The article discusses the growing presence of bots on the internet, which are inflating web traffic metrics and potentially distorting the internet economy.

👉 Bots now make up more than half of global internet traffic 👉 20% of bot traffic is 'bad bots' prone to malicious activities 👉 Bot-driven inflation is distorting web traffic metrics and potentially impacting company valuations 👉 The internet economy may be inflated by bot activity, leading to a broader tech and AI investment bubble

-- #TorstenSlok #technology

DOLLAR GAINS AS TRADERS TURN FOCUS TO SIGNS OF ECONOMIC STRENGTH

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✍️ The US dollar strengthened on Thursday, driven by reports on consumer spending and labor market, signaling resilience in the US economy.

👉 The dollar strengthened against global peers, driven by reports on consumer spending and labor market 👉 Retail sales for June came in stronger than expected 👉 Weekly initial jobless claims were below estimates 👉 The market now sees the likelihood of an interest-rate cut at September's Federal Reserve meeting as a coin toss 👉 The dollar's gains marked a rebound from the previous session, in which it slumped after President Donald Trump floated the idea of firing Fed Chair Jerome Powell

-- #AroopChatterjee #JeromePowell #KokouAgbo-Bloua #GeorgeSaravelos #YusukeMiyairi #TorstenSlok #DonaldTrump #business

WHY THE AI STOCK BUBBLE MAY BE JUST GETTING STARTED

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✍️ Experts warn that valuations for the biggest stocks in the S&P 500 are becoming stretched, raising concerns about a potential bubble.

👉 Valuations for the biggest stocks in the S&P 500 are becoming stretched 👉 Experts warn of a potential bubble 👉 Artificial intelligence (AI) is a growth area with long-term potential 👉 Current valuations are unsustainable 👉 The excitement around AI is justified

-- #ChadMorganlander #TorstenSlok #AlexandraCanal #InesFerre #business

ONE CHART SHOWS WHY THE STOCK MARKET COULD BE IN A BIGGER BUBBLE THAN THE DOT-COM BOOM

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✍️ Torsten Slok, chief economist of Apollo Global Management, believes the S&P 500 may be in a bubble larger than the dot-com boom, citing higher valuations in top companies.

👉 Torsten Slok believes the S&P 500 may be in a bubble larger than the dot-com boom 👉 Top 10 S&P 500 companies are more overvalued than their counterparts in the 1990s 👉 12-month forward price-to-earnings ratio of around 25 👉 Market has been debated as potentially being in a bubble since the AI boom took off

-- #TorstenSlok #EdYardeni #business

THE STOCK MARKET JUST DID SOMETHING FOR THE 11TH TIME SINCE 1984. HISTORY SAYS IT SIGNALS A BIG MOVE IN THE NEXT YEAR.

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✍️ The S&P 500 outperformed the S&P 500 Equal Weight Index in the first half of 2025, a phenomenon that has occurred 11 times since 1984. This has historically led to a strong 12-month return for the S&P 500.

👉 The S&P 500 outperformed the S&P 500 Equal Weight Index in the first half of 2025 👉 This has happened 11 times since 1984 👉 The S&P 500 has historically returned an average of 21% in the subsequent 12 months 👉 The S&P 500 currently trades at a historically expensive valuation 👉 Earnings growth from the largest companies, known as the 'Magnificent Seven', has been strong

-- #RandiZuckerberg #TrevorJennewine #MarkZuckerberg #TorstenSlok #business

JAPAN'S BOND MARKET RAISES ALARM OVER RISKS OF U.S. OUTFLOWS, CARRY TRADE UNWIND AND MARKET TURMOIL

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✍️ Japan's bond market is experiencing a surge in yields, sparking concerns of capital flight from the US and a carry trade unwind, which could have global financial implications.

👉 Japan's 40-year government bonds yields hit an all-time high of 3.689% 👉 Demand for 40-year government bonds dropped to its weakest level since November 👉 Yields on 30-year government debt are up more than 60 basis points this year 👉 Higher yields could spark a wave of capital repatriation from the US to Japan 👉 This could impact global markets and trigger a global financial market Armageddon

-- #MichaelGayed #AlbertEdwards #DavidRoche #RongRenGoh #AliciaGarcía-Herrero #GuyStear #RiccardoRebonato #MasahikoLoo #TorstenSlok #Tokyo #Japan #US #world

NO RESERVATIONS: EUROPE BAILS ON US TRAVEL IN TRUMP 2.0

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✍️ European business travel bookings to the US have dropped by 25% due to President Trump's trade and foreign policy agenda, causing uncertainty and offense among European business leaders.

👉 European business travel bookings to the US have dropped by 25% due to President Trump's trade and foreign policy agenda 👉 The trend is attributed to uncertainty and offense caused by Trump's protectionist policies 👉 Top economists have flagged this trend as a potential headwind for the US economy 👉 The World Travel and Tourism Council estimates that the US could lose $12.5 billion from the dropoff in international tourism

-- #DonaldTrump #PaulRaymond #EricCantor #TorstenSlok #KellyLoeffler #BrendanCarr #MikeJohnson #ElonMusk #JustinSun #ScottTurner #CarolineCrenshaw #RogerMarshall #PeteRicketts #AndyBarr #NewYorkCity #London #MiddleEast #WesternEurope #Asia #Germany #France #UK #Washington #politics

US, CHINA DEAL REMOVES SOME RISK FROM MARKETS, SLOK SAYS

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✍️ Apollo Chief Economist Torsten Slok discusses the impact of the US and China's tariff reduction on markets and its implications for the Federal Reserve and US inflation.

👉 Tariffs have been lowered by the US and China 👉 This move has removed some risk from markets 👉 Implications for the Federal Reserve and US inflation are being examined

-- #TorstenSlok #business

WATCH LIVE: FED CHAIR POWELL HOLDS NEWS CONFERENCE AFTER INTEREST RATE DECISION

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✍️ The Federal Reserve is likely to keep its key rate unchanged for several more months as it evaluates the impact of President Trump's tariffs on hiring and inflation.

👉 The Fed is likely to keep its key rate unchanged for several more months 👉 The White House is pushing for a rate cut 👉 The tariffs could lift prices, but it's unclear by how much or for how long 👉 The Fed is cautious due to the uncertainty surrounding the tariffs 👉 Economists and Fed officials are closely watching inflation expectations

-- #JeromePowell #DonaldTrump #ScottBessent #KathyBostjancic #TorstenSlok #RyanSweet #JimBullard #politics

FEDERAL RESERVE TO FACE TOUGH BALANCING ACT BETWEEN FIGHTING INFLATION AND LIFTING GROWTH

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✍️ The Federal Reserve may keep its key rate unchanged for several months as it evaluates the impact of President Trump's tariffs on hiring and inflation, despite the White House's push for a rate cut.

👉 The Fed is likely to keep its key rate unchanged for several months 👉 The White House is pushing for a rate cut to boost the economy 👉 Economists are divided on the impact of tariffs on inflation 👉 Tariffs could lead to a one-time increase in prices or a more persistent rise in inflation 👉 The Fed's caution could lead to conflict with the Trump administration

-- #DonaldTrump #JeromePowell #ScottBessent #KathyBostjancic #TorstenSlok #RyanSweet #JimBullard #politics

ECONOMIST SLOK SEES FED LEANING TOWARD CUTS

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✍️ Torsten Slok, chief economist at Apollo Global Management, expects the Federal Reserve to delay cutting interest rates.

-- #TorstenSlok #politics

U.S. ECONOMY SHOWS REMARKABLE RESILIENCE IN FACE OF TRADE TURMOIL

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✍️ The US economy is showing resilience despite pressure from tariffs, government cuts, and immigration restrictions, but real turmoil is threatening its strong foundation.

👉 Employers added more jobs than expected in April 👉 Unemployment rate held steady 👉 Tariffs are disrupting trade and sparking unease 👉 Stock market has rallied 👉 Worries about tariffs, job security, and price increases are causing some Americans to tighten their belts

-- #CoryStahle #WarrenBuffett #ChristopherKempczinski #TorstenSlok #MarkDenzler #MikeFeroli #GregoryDaco #GaryWishnatzki #AndrewLogan #UnitedStates #China #Illinois #LasVegas #Europe #Canada #politics

FOREIGN FUNDS SOUR ON US CORPORATE BONDS AS TRUMP SOWS CHAOS

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✍️ European and Asian money managers are showing signs of losing appetite for lending to US companies due to trade wars, potentially worrying for corporate America.

👉 European and Asian money managers are showing signs of losing appetite for lending to US companies 👉 Investors outside the US turned into net sellers of corporate debt in the first half of April 👉 The selling comes after overseas investors made record purchases of US corporate debt in 2024 👉 Official data shows the demand slowing in February, according to Citigroup 👉 Some foreign investors are guarded about jumping back into US credit after April's roller-coaster ride

-- #DonaldTrump #LotfiKaroui #GeorgeSaravelos #KenichiKuga #TorstenSlok #HansMikkelsen #EricBeinstein #NathanielRosenbaum #TetsujiSaito #US #Japan #Europe #Asia #NewYorkCity #business

AMERICANS REALLY DISLIKE TRUMP. BUT THEY’RE ABOUT TO TRULY HATE HIM.

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✍️ Donald Trump's first 100 days in office have been marked by disastrous policies, including draconian deportations and tariffs, which have driven his approval numbers to historic lows.

👉 Trump's approval numbers have hit historic lows 👉 Draconian deportations and tariffs have driven his approval numbers down 👉 Tariffs have led to product shortages and rising costs 👉 A potential recession is looming due to Trump's policies 👉 Small businesses are being disproportionately affected by Trump's tariffs

-- #AlexShephard #TorstenSlok #TimNoah #GeneSeroka #CaseyAmes #FrankLuntz #JasonLinkins #GraceSegers #Seattle #LosAngeles #Idaho #China #SoutheastAsia #politics

SHIPMENTS FROM CHINA FALL AS TRUMP’S TARIFFS LOOM OVER ECONOMY

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✍️ American businesses are canceling orders from China, postponing expansion plans, and stockpiling goods due to President Trump's unpredictable tariffs, which may lead to higher prices and empty shelves for consumers.

👉 American businesses are canceling orders from China and postponing expansion plans due to President Trump's tariffs 👉 Companies are stockpiling goods to prepare for potential shortages 👉 The tariffs may lead to higher prices and empty shelves for consumers 👉 The economic toll of the tariffs includes a recession risk, a decline in consumer spending, and a slowdown in job growth

-- #DonaldTrump #BrianBethune #GeneSeroka #RyanPetersen #JudahLevine #JayForeman #KevinBrusky #NaveenJaggi #JosephBrusuelas #TorstenSlok #ScottBessent #CoryStahle #China #UnitedStates #LosAngeles #SanFrancisco #Boston #politics

CEOS ARE IN DISTRESS AND CONSUMERS FEAR JOB LOSSES AMID ‘STAGFLATION SHOCK,’ ECONOMIST WARNS

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✍️ Apollo Global Management predicts a sequence of events that could lead to economic catastrophe due to trade wars and tariffs, which could trigger a recession by summer 2025.

👉 Trade wars and tariffs could trigger a recession by summer 2025 👉 Shipping containers from China to the U.S. will slow down 👉 Rapid slowdown in demand for trucking 👉 Layoffs in retail and trucking 👉 Decline in CEO confidence 👉 Steeper falloff in consumer sentiment 👉 Record high share of households making minimum payments on credit card balances

-- #TorstenSlok #RajviShah #ShrutiGalwankar #JoanneHsu #China #U.S. #world

EMPTY SHELVES, TRUCKING LAYOFFS LEAD TO A SUMMER RECESSION IN APOLLO'S SHOCKING TRADE FIGHT TIMELINE

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✍️ Apollo Global Management's chief economist predicts a recession in the US this summer due to the economic impact of tariffs imposed by the Trump administration.

👉 Tariffs announced on April 2 👉 Containership departures from China to US slowing 👉 Empty shelves in US stores expected in late May 👉 Covid-like shortages for consumers and firms 👉 Layoffs in trucking and retail industries expected 👉 Recession predicted for summer 2025

-- #TorstenSlok #DonaldTrump #ScottBessent #AneeshaSherman #MichaelBloom #China #US #politics

DATA-CRUNCHING WALL STREET SKEPTICS SIT OUT THE TURNAROUND TRADE

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✍️ Michael Mullaney, head of research at Boston Partners, is cautious about the impact of the trade war, despite market rebound, and is holding cash.

👉 Mullaney is holding cash due to concerns about the trade war 👉 Shipping volumes in Los Angeles have dwindled 👉 Tourism-related travel has declined 👉 Credit-card receipts in key consumer sectors have shrunk 👉 Experts are warning about the potential impact of the trade war on the economy

-- #MichaelMullaney #DonaldTrump #ScottBessent #TorstenSlok #MichaelFeroli #JakeSchurmeier #DanielleDiMartinoBooth #JeromePowell #CliffHodge #LosAngeles #China #UnitedStates #Huntersville #NorthCarolina #business

WHAT A PLUNGE IN SHIPPING TRAFFIC FROM CHINA SAYS ABOUT TARIFFS, STOCKS AND THE ECONOMY

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✍️ Fears of pandemic-era shortages at American stores have resurfaced due to a decline in shipping-container traffic between China and the US, following President Trump's tariffs.

👉 Shipping-container traffic between China and the US has declined significantly 👉 Fears of pandemic-era shortages have resurfaced 👉 US companies have been pulling forward orders and cargo transports 👉 The impact of tariffs on the economy will depend on prices 👉 Retailers will need to protect their margins and maintain unit sales

-- #TorstenSlok #SteveBlitz #GraceZwemmer #JohnCanally #JeromePowell #China #US #business

ECONOMIST SLOK SEES 90% CHANCE OF RECESSION ON TARIFFS AT 'THESE CURRENT LEVELS'

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✍️ Torsten Slok, chief economist at Apollo, expects a recession due to a 'voluntary trade reset' and predicts a slowdown in US consumer spending and increasing jobless claims.

👉 Torsten Slok expects a recession due to a 'voluntary trade reset' 👉 He predicts a slowdown in US consumer spending 👉 Jobless claims are expected to rise over the next several weeks

-- #TorstenSlok #economy

TREASURY YIELDS ARE SURGING DESPITE MARKET CHAOS. THIS ISN’T NORMAL — AND IT WORRIES WALL STREET.

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✍️ The article discusses the unusual surge in long-term Treasury yields, which has raised eyebrows in the financial market, despite market chaos.

👉 Long-term Treasury yields have surged, raising eyebrows in the financial market 👉 The yield on the 30-year Treasury bond jumped 48.2 basis points, its largest weekly rise since 1987 👉 The rise in yields is not normal behavior during times of market angst 👉 Basis trades may be contributing to the yield rise 👉 The US dollar has weakened, and the Federal Reserve may resume cutting interest rates

-- #DouglasPorter #TorstenSlok #ScottBessent #NeelKashkari #TomdiGaloma #business

MORNING BID: CAPITAL FLIGHT FEARS SINK DOLLAR: MIKE DOLAN

https://media.zenfs.com/en/reuters-finance.com/baa71ef99085a0af0b83aeef0532964c

✍️ The article discusses the current state of global markets, focusing on the impact of the US-China trade war and the resulting uncertainty and fear in the financial markets.

👉 The US-China trade war is escalating, leading to fears of a global recession 👉 The US dollar is sinking due to concerns about capital flight from the US 👉 Gold prices are surging, reaching a record high 👉 Foreign investors are shedding US assets, leading to concerns about the impact on US financial markets 👉 The article provides weekend reading suggestions to help readers understand the volatile financial markets and the evolving geopolitical landscape

-- #MikeDolan #DonaldTrump #TorstenSlok #DarioPerkins #KurtCampbell #RushDoshi #BarryEichengreen #JohnWilliams #SusanCollins #AlbertoMusalem #ChristineLagarde #PedroSanchez #XiJinping #LiQiang #Lip-BuTan #LONDON #China #Vietnam #UnitedStates #Europe #HongKong #France #SiliconValley #Warsaw #Beijing #world

RECESSION RISK REMOVED AFTER TARIFF PAUSE, APOLLO'S SLOK SAYS

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✍️ Torsten Slok, Apollo Global Management's chief economist and partner, reacts to President Trump's announcement of a 90-day pause on higher reciprocal tariffs and its impact on markets.

👉 President Trump announces 90-day pause on higher reciprocal tariffs 👉 Duties on China raised to 125% 👉 Torsten Slok, Apollo Global Management's chief economist and partner, reacts to the announcement

-- #TorstenSlok #DonaldTrump #politics

ANALYSIS-SHARP US BOND SELLOFF REVIVES FLASHBACKS OF COVID-ERA 'DASH-FOR-CASH'

https://media.zenfs.com/en/reuters-finance.com/2a0c46b539220f97914a64500b89710e

✍️ A violent U.S. Treasury selloff has reignited fears of fragility in the world's biggest bond market, with yields soaring and trading within a yield range of about 35 basis points.

👉 The $29-trillion Treasury market had surged in recent weeks as investors dumped stocks for the safety of government bonds in a tariff-fueled risk-off shift. 👉 Benchmark 10-year yields soared by 17 basis points on the day, while trading within a yield range of about 35 basis points. 👉 Some market participants said they believed based on the dramatic Treasury market moves and sharp tightening of swap spreads that investors including hedge funds have been selling liquid assets such as U.S. government bonds to meet margin calls due to portfolio losses across asset classes. 👉 The basis trade has been closely watched by regulators over the past few years because it could be a source of instability for markets if highly leveraged hedge fund positions are unwound rapidly.

-- #JanNevruzi #TorstenSlok #DavidRolley #SpencerHakimian #AndrewBrenner #JonathanCohn #world

HERE’S THE UNSETTLING REASON THE WORLD’S MOST IMPORTANT MARKET IS GETTING HAMMERED BY TRUMP’S TARIFFS

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✍️ The US Treasury market experienced a chaotic day, with yields rising and bond prices falling, as a prominent Wall Street economist attributed the move to the unwinding of a popular trading strategy called the Treasury basis trade.

👉 The Treasury basis trade involves profiting from the price discrepancy between Treasury futures contracts and bonds. 👉 The strategy has grown to around $800 billion in size and is used by hedge funds and other sophisticated traders. 👉 The unwinding of the basis trade could have been triggered by hedge funds bailing out of the strategy. 👉 The move could have been exacerbated by the sudden weakness in the bond market, which some attributed to foreign central banks unloading their holdings of US Treasurys.

-- #TorstenSlok #JimBianco #BilalHafeez #NeilDutta #LizTruss #DonaldTrump #business

FEDERAL RESERVE MAY STEP IN AS TRUMP TARIFFS UNGLUE 10-YEAR TREASURY YIELD, BEAR CLAWS S&P 500

https://www.investors.com/wp-content/uploads/2017/10/stock-FederalReserve-02-adobe.jpg

✍️ Federal Reserve Chairman Jerome Powell may be rethinking his stance on cushioning the blow from Trump tariffs as Treasury markets come unglued amid President Trump's assault on global trade flows.

👉 The 10-year Treasury yield has surged to its highest level since February 👉 The global economy and corporate profits are being dealt a massive blow by Trump tariffs 👉 The S&P 500 is on the cusp of a bear market 👉 The Fed may need to act quickly to stabilize the economy and prevent a disorderly market

-- #JeromePowell #DonaldTrump #JohnCanavan #TorstenSlok #AnilKashyap #business

WILL THE STOCK MARKET SOAR OR CRASH UNDER PRESIDENT-ELECT DONALD TRUMP? HERE'S WHAT HISTORY SHOWS.

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✍️ The S&P 500 is on pace to return over 20% for the second consecutive year, driven by a resilient labor market, cooling inflation, and strong corporate earnings growth. Investors are now looking ahead to 2025, wondering how the market will perform under President-elect Donald Trump's second term.

👉 The S&P 500 is on pace to return over 20% for the second consecutive year 👉 The index has advanced 26% year to date 👉 Factors contributing to its upside include a resilient labor market, cooling inflation, and strong corporate earnings growth 👉 Enthusiasm about artificial intelligence has also played a big role in sending the S&P 500 higher 👉 Investors are now looking ahead to 2025, wondering how the market will perform under President-elect Donald Trump's second term

-- #DonaldTrump #BillClinton #TrevorJennewine #TorstenSlok #business

CREDIT QUALITY SHOWS SIGNS OF HAVING PEAKED

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✍️ Companies with high credit ratings are increasing their share buybacks and capital expenditures, while interest expenses rise, indicating a shift towards shareholder-friendly policies.

👉 Companies with BBB ratings are increasing share buybacks and capital expenditures 👉 Interest expenses are rising faster than earnings 👉 Shift towards shareholder-friendly policies 👉 Companies may be less focused on debt reduction 👉 Barclays strategists predict that the fundamental picture is likely past the peak for this credit cycle

-- #DominiqueToublan #BradfordElliott #SeamusRyan #TorstenSlok #DonaldTrump #Miami #Buffalo #NewYork #Japan #business

WARREN BUFFETT SENDS A $150 BILLION WARNING TO STOCK INVESTORS AS THE S&P 500 RACES PAST RECORD HIGHS

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✍️ The S&P 500 is nearing its best performance of the 21st century, but Warren Buffett has warned investors to be cautious due to historically rich valuations.

👉 Warren Buffett has warned investors to be cautious due to historically rich valuations 👉 The S&P 500 has advanced 27% in 2024, putting it on pace for one of its best performances of the 21st century 👉 Berkshire Hathaway has been a net seller of stocks in the last seven quarters, with cumulative net sales exceeding $150 billion 👉 The S&P 500 trades at 22 times forward earnings, a premium to the five-year average 👉 High forward P/E ratios correlate strongly with poor performance over long periods

-- #WarrenBuffett #MadisonFaller #TorstenSlok #PeterLynch #business

THE FED'S RATE CUTS WILL SPARK A $2 TRILLION EXODUS FROM MONEY-MARKET FUNDS, APOLLO CHIEF ECONOMIST SAYS

https://media.zenfs.com/en/business_insider_articles_888/84f0fa29d3365dfd92fb68e174c9fba0

✍️ Apollo's Torsten Slok predicts that the Federal Reserve's easing cycle will lead to a rotation out of money-market funds and into higher-yielding assets in credit markets.

👉 The Federal Reserve's easing cycle is expected to fuel a huge move out of money-market funds. 👉 Assets held in money-market funds have soared to record levels since the Fed began raising rates in 2022. 👉 The money is expected to rotate out of money-market accounts and into higher-yielding assets, such as credit, including investment grade private credit.

-- #TorstenSlok #mainstream #business

FED RATE CUTS TO SPUR $2 TRILLION MONEY-FUND EXIT, APOLLO’S SLOK SAYS

https://media.zenfs.com/en/bloomberg_markets_842/033bc9a58120d0adef466cf22bcb130e

✍️ Apollo Global Management's chief economist Torsten Slok expects a reversal in the trend of investors pouring money into money-market funds as interest rates continue to fall, leading to a shift to higher-yielding assets.

👉 Investors are expected to shift from money-market funds to higher-yielding assets as interest rates continue to fall. 👉 The added $2 trillion in money-market accounts will likely flow into higher-yielding assets such as credit. 👉 Torsten Slok has been warning of an exodus from money-market funds since earlier this year.

-- #TorstenSlok #mainstream #business