Australian Shares

Trump blowoff is still the base case.

The Market Ear on the Trump blowoff.

The Market Ear wraps the Trump trade.

Hysterical markets, which are never wrong, are readying for a CBA Death Star takeover of the far larger planet Google.

The Market Ear on the runaway Trumpflation.

The Market Ear on Yardeni’s Roaring Twenties Animal Spirits Roaring 2020s, Animal spirits, Trump 2.0 and world peace….How bullish can you get? Here is Yardeni’s new take on the current backdrop. “We are raising our S&P 500 year-end targets as follows: 6100 (2024), 7000 (2025), and 8000 (2026).

The Market Ear with the MAGA boom. Making money on MAGA Hedge Funds are enjoying the “bump from Trump” – ride. Hedge funds gained 2.4% between 11/1 and 11/7, driven by beta of +2.0% and alpha of +0.4% (who needs alpha when it is a bull market…?).

The post US election euphoria seems to be dissipating, not helped by the somewhat disappointing Chinese stimulus outcomes on Friday which has led to another reweighting on risk markets.

Asian stock markets are taking a pause after the mid week volatility from the US election as all eyes are on Chinese authorities as the National People’s Congress winds up.

US stock markets continued higher in the post election haze, helped along by a somewhat dovish Fed which cut rates at the latest FOMC meeting overnight by 25 basis points.

Asian stock markets are mainly up across the region with Chinese shares leading the charge in the post US election mood with the USD pulling back slightly against most of the undollars after a mammoth surge overnight.

Scott Rubner at Goldman Sachs. Mechanical rebalance flows to create institutional “FOMO” feedback loop into the best seasonals of the year.ESA Index (S&P +236bps), NQA Index (NDX +186bps), RTYA Index (RTY+604bps), VIX-4.8 pts. These are the 5 biggest flows that I am tracking this morning (Unwinds of election hedges, Re-levering, Buybacks, FOMO, Vanna).

As the world awakes to the new United Fascist States of America, US stock markets have soared alongside the USD on the Trump/GOP clean sweep while European shares retreated.

Asian stock markets have seen a big boost across the region as the US election results come in with a Trump win most likely, giving USD a big boost alongside other risk markets.

US stock markets lifted due to some optimism returning to the Old World with the German DAX rallying while the absense of economic news was vastly overshadowed by the start of the US elections as the USD continued its falls following the Iowa surprise polling over the weekend.

Asian stock markets have seen a big boost across the region as Chinese stimulus seems to be working with a very solid services PMI, but Melbourne Cup Fever could not overshadow a tight RBA that held at today’s meeting, pulling down local stocks as a result.

The robots have done it again. The Market Ear with more. Revisiting the SPX wedge We broke below the rising wedge last week. Note the SPX is “dancing” around the 50 day here. The 5750/5700 (futures) area is short term support.

US stock markets pulled back alongside the USD as all risk markets start to tighten and clench at the prospect of a drawn out US election that “starts” tonight and may not have a happy ending.

A generally positive day across Asian stock markets to start what could be the most volatile trading week of the year as the US election looms.

Friday night’s US non-farm payrolls aka unemployment print was bad but good for stock markets as Wall Street rebounded while the latest election shenanigans were bad but good as well?

A slew of manufacturing PMIs across the region were almost ignored today as risk markets reacted instead to overnight movement in tech stocks on Wall Street with currencies only barely pushed around as Yen rallied then dipped on internal BOJ machinations.

The Market Ear with equity market internals.

A rough night for stock markets on both sides of the Atlantic with tech stocks leading the charge down with Wall Street falling more than 2% across the board on earnings scares, not Halloween or other clowns riding around in garbage trucks.