 | *past 24-hour performance |
| | Biden Live: Last night, President Biden addressed the nation “to discuss our response to Hamas’ terrorist attacks against Israel and Russia’s ongoing brutal war against Ukraine.” (Youtube)
Another interest-rate pause? Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on inflation continues. (WSJ)
Potential pork IPO: China's WH Group is in talks to potentially list Smithfield Foods, America's largest pork producer, on the U.S. stock market as early as 2024. (WSJ)
Coinbase picks the Irish: Cryptocurrency exchange Coinbase (COIN) is strengthening its presence in Europe and has officially announced Ireland as its European crypto hub of choice. (Coin Telegraph)
Freight recession takes another: Trucking startup Convoy is shutting down due to a “massive freight recession” in a dramatic collapse of a business that raised nearly $1 billion from big name investors including T. Rowe Price and Fidelity. (Freight Waves)
Interest rates weigh on Blackstone: Alternative-asset and private-equity giant Blackstone (BX) fell nearly 8% as its asset growth fell short of analyst expectations in Q3. (Reuters)
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| | How to invest during times of war: Investing during wartime is mostly an exercise in investing during periods of high inflation. And the best assets to own during periods of high inflation are overwhelming stocks and real estate. Read more » | The fog of war: There is a playbook for war: Gold goes up, oil goes up, commodities go up, and stocks don’t always go down. But that’s just in the early stages. Early on in a war, there are fears of contagion, that the war will spread beyond borders and turn into something worse. And there are certainly fears of that today. Read more » | Direct indexing – How you can use it to avoid taxes like the super-rich: Direct indexing was once mostly reserved for the affluent with at least $1 million to invest. But it is now offered to some with as little as $5,000. Read more » |
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| | Costume obsession fuels record Halloween spending (Axios) OpenAI is in talks to sell existing employees’ shares at an $86 billion valuation (Bloomberg) The changing American dream (GoDaddy) More pets than children – A look at Taiwan’s aging population (TDS)
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| |  | Wall Street Silver @WallStreetSilv |  |
| It Has Happened Only Twice In The Last 24 Years! And it transpired the 3rd time last Friday: 1) VIX up >15%
2) Gold up > 3%
3) Brent Crude > 5% The last two times this combo transpired were on 17th September 2001 and 17th September 2008. Source: Sagar Singh LinkedIn |  | | | Oct 17, 2023 | | |  | | | 815 Likes 247 Retweets 88 Replies |
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| | | Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies. | We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors. | We are a small, self-funded team of real humans going up against the hype-filled, sensational news outlets in the world. You can check out a selection of our other publications below. | | Gold Playbook All your gold investing news in a single daily email. | | Subscribe |
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