October 21
US and Canadian economic calendars are light today
Atlanta Fed sees GDP growth in the third quarter at is 3.5%, down from 3.6% on Oct 15
Mkts 2Y 10Y 30Y
S&P is up 0.30% | 10:52
Crude oil is down 0.13%. Brent is $108.97
Strong flows through the Strait of Hormuz offset concerns over escalating attacks
Gold is up $6
10Y yield is lower by 0.5bp to 5.110%
News
SpaceX crushes Q3 with $14.58B revenue and $4.4B profit
Musk floated the possibility of a merger with Tesla.
SpaceX shares surged more than 8% in premarket trading, while Tesla gained 1.4%
French Bond Yields Up To 24-Year High. Almost 5% on Unrest And Fiscal Crisis
Spread over 10-year German Bunds widened to around 160 basis points
Another Hopeless Round of Shuttle Diplomacy Begins as West Grows Frantic | Simpl
This is nothing but more of the same: Europeans attempting to interpose themselves between US-Russian mediation for fears that Trump will force Zelensky to take on extremely unfavorable concessions. This is why the above European “offer” is such an absurd non-starter and is not meant to elicit even passing consideration from Russia.
Settle Down and Marry a Nice Stock
Warren Buffett famously said his ideal holding period for an investment is “forever”
Cleveland Fed CPI Forecasts for October
Headline: 0.27 m/m and 3.77% y/y
Core: 0.21 m/m and 2.48% y/y
AAA gasoline on 10/21: $4.264 and is down $0.21 from $4.479 a month ago
CPI is calculated using pricess the first 21 days of a month
Debt Rattle
Zelensky doesn’t know what he’s talking about,” Trump said
Rubio Notes Ukraine Officials are Lying and Manipulative
The 1,000+ drones that targeted St Petersburg didn’t originate in Ukraine at all
The USA Dodges a Bullet – Alberta Independence Votee Fails by 3:1 Ratio
See Clip of Eva Vlaardingerbroek
Do you get it now?
Insta
A longer lifespan shouldn’t be the goal. | Yada, Yada, Yada
What is the use of living to 150 if you’re not well enough to enjoy it? The prize is healthspan—the years you spend healthy and independent doing things you enjoy, whether it’s gardening, visiting grandkids, or simply remembering names.
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