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Stock market - RT ≠ endorsement

[The Transcript @TheTranscript_]

$C CEO: Agentic coding tools are helping Citi cut external technology spending

“14,000 of our engineers use our main agentic coding tool, Devin. That makes it much more efficient for us to do the work in-house. So we've been in-sourcing work. We've reduced our tech vendor spend by 30% year-over-year as a consequence, and that's still got a long way to run"

[John Arnold @johnarnold]

Underappreciated how much the shale revolution unlocked the AI revolution.

[Oracle @OracleNYSE]

$SPY

DIPLOMAT INVOLVED IN IRAN-US TALKS: TALKS CONTINUE; CALLS REPORTS A DEAL IS CLOSE ‘WRONG’

[Peter Tuchman @EinsteinoWallSt]

TUESDAY MARKET UPDATE

🟢 Dow Jones +1.13%
🟢 S&P 500 +0.58%
🟢 Nasdaq +0.46%

(📸 @jonahelkowitz)

[David Kass @DrDavidKass]

Ed Yardeni on CNBC: Expects S&P 500 to reach 8,400 by the middle of next year (+9% from current 7,700).

[Chris Carolan $=1/∞ @spiralcal]

The singular market question now.
Please retweet.

Which VIX level breaks first?

[The Market Ear @themarketear]

The P/E of the NDX is back to ~21x – the lows since the AI cycle kicked off in 2023. Is that also a quadruple bottom...?
https://t.co/j2uukIdTg6

[TT3 @TradingThomas3]

If you have trouble sleeping, just listen to Warsh talk.

[Dr. Ilia Bouchouev @IliaBouchouev]

We often forget that financial mkts is a complex dynamic system with mutual causality. Too much talk about the impact of oil prices on equities, too little talk about the spillover of equity blow-up on oil. Yest price action was a good reminder of a risk-on/off factor.

[Eddy Elfenbein @EddyElfenbein]

October 19 is a Monday this year, just like 1987.

[Le Shrub🌳 @agnostoxxx]

Remember when Twitter was panicking about owning Treasuries that pay you 5% a year whatever happens, and instead they loaded up with cash-burning ponzi that depended on unlimited financing from the same Bond Markets they were scared of touching?
Yea, good times.

[Citrini @citrini]

Oh it’s over over

[Investing.com @Investingcom]

⚠️BREAKING:

*ASIA-PACIFIC MARKETS PLUNGE ACROSS THE REGION; SOUTH KOREA'S KOSPI INDEX SINKS OVER 7%

🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳

[jedimarkus77 @jedimarkus77]

Does the $NDX Trifecta of Hope and Prayer hold????
😳😱😱😱😱

[Ashraf Laidi @alaidi]

Odds of Fed October rate hike at 47% from 22% before CPI

[Nick Timiraos @NickTimiraos]

Core CPI printed at +0.33% in September, about a tenth of a point higher than most forecasters had anticipated.

The 3-month annualized rate rose to 3.4% from 2% in August.

[The Kobeissi Letter @KobeissiLetter]

Absolutely incredible.

Just 10 stocks have driven 70% of the S&P 500’s gain since March 30th.

These stocks have added +16 percentage points to the index’s +23% gain over this period.

Nvidia, $NVDA, has contributed the most, accounting for 13% of the S&P 500's gain, or +3 percentage points.

This is followed by Micron, $MU, Apple, $AAPL, and Microsoft, $MSFT, each accounting for 9% of the S&P 500’s advance, adding +2 percentage points.

Return contributions of AMD, $AMD, and Alphabet, $GOOGL, have been 8% and 7%, respectively.

Meanwhile, the remaining 490 stocks have accounted for just 30% of the S&P 500's gain since March 30th, adding +7 percentage points.

Diversification is dead.

[jedimarkus77 @jedimarkus77]

The Thursday Oil Algo Bot high @ 7850 awaits! #ES_F

[Doug Casey's International Man @intlmandotcom]

On February 15, 2006, Congressman @RonPaul delivered a little-known but prophetic speech on the floor of the House of Representatives called “The End of Dollar Hegemony.”

He identified the signal investors should watch for:

“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.”

We discussed this subject with Ron Paul at an investment conference years ago. He stood by that assessment.

His point was simple.

Watch the oil producers.

The day they start moving away from dollars and toward gold—or a monetary system that gives them access to gold—the foundation beneath the dollar-based financial system starts to crack.

We may now be approaching that point.

[David Kass @DrDavidKass]

Berkshire purchased an additional $192 million of Lennar on October 1 and 2 up to a price of $82.00 per share. https://t.co/4o0TQOl7zB