Absolute clown show from RBI Governor Sanjay Malhotra. Refused to acknowledge the inflation risks in spite of increasing his forecasts, and kept using the word calibrated tightening. Refused to acknowledge the issue of -ve real rates. Rupee will continue to weaken and FII outflows will continue due to his incompetance.

*SAMSUNG 3Q OPER PROFIT 107.40T WON, EST. 108.67T WON *SAMSUNG 3Q SALES 195.00T WON, EST. 201.9T WON Uh oh

US Equity Supply Is Back: Net Issuance Turns Positive After 20 Years The 20-year shrinkage of US public equity supply is over. Net issuance: +$45bn in Q1, +$152bn in Q2, the largest quarter ever. Anthropic ($100bn), SB Energy ($50bn) and Inspire Brands ($20bn) are still to come. Supply will be a headwind for the S&P 500, or at the very least a tap on the brakes.

What has Williams been smoking recently, sounds absolutely clueless with his Dovish titt. NY Fed 1-Year Inflation Expectations Sep: 3.90% (est 3.64%; prev 3.58%) - 3-Year Inflation Expectations: 3.3% (prev 3.2%) - 5-Year Inflation Expectations: 3.0% (prev 3.0%)

BREAKING: Iran has again launched anti ship missiles toward U.S. Navy escorted vessels in the Strait of Hormuz, with initial reports of explosions heard in the waterway as the IRGC Navy targets “non compliant” ships, per initial reports. It comes after U.S. Secretary of State Marco Rubio said Iran has “lost complete control” of the Strait of Hormuz and that the waterway is open.

Great blow up the deficit even more.

With Nifty it's like being in Svalbard, Norway where the Polar night lasts for 4 months with no Sunrise 😂

BREAKING: Iran has rejected JD Vance”s demands to significantly reduce its uranium enrichment, with a senior Iranian official telling Reuters that Tehran “will never give up its right to enrich uranium” and that Washington’s demands are “at odds with Iran’s demands.” The official said no nuclear negotiations are currently taking place between Iran and the U.S. and that Washington must first meet Tehran’s conditions before the nuclear issue can be discussed. Recognition of Iran’s right to enrichment remains a “red line.” The rejection comes after JD Vance demanded a “meaningful” cut to Iran’s enrichment capacity, particularly its 60% enriched uranium stockpile, saying the U.S. will “not trade words for actions.”

RBI Governor Sanjay Malhotra suggested this weekend that a sell off in US AI stocks would result in FII flows returning to India. With the Nasdaq under pressure today, that thesis faces an early test. Am pretty sure that this thesis will prove wrong again and we will see continued FII selling tomorrow. The 🤡🤡🤡 show that is the RBI continues.

This was the Bank of France basically telling you there is no ECB put; no Draghi moment.

INR pushing the all time lows.

This RBI presser and the Governor is a complete joke He gets annoyed when asked any tough question and then gives a generic answer like a 6th grader.