X Web Viewer

BREAKING: Nvidia, $NVDA, extends losses to its lowest level since March 31st as concerns mount around Jensen Huang’s future with the company. The stock has now lost -$400 billion since Huang’s affair with an alleged Chinese spy was reported.

FED'S LOGAN CALLS FOR AT LEAST TWO MORE RATE HIKES Fed's Lorie Logan says inflation is unacceptably high and interest rates must rise at least another 50 basis points. Logan argues the policy rate remains at least 50bps below a modestly restrictive level and says the Fed could accelerate hikes this winter. She warns inflation is moving further above the 2% target, with price pressures extending beyond energy and tariffs. Strong growth, robust spending and a resilient labor market give the Fed room to tighten. After two 25bps hikes, Logan favors pausing to assess whether further action is needed.

GORDON JOHNSON SLAMS FED FOR EXPANDING BALANCE SHEET AS INFLATION SURGES GLJ Research's Gordon Johnson accuses the Fed of fueling inflation while claiming to fight it. 🔸 October CPI: Headline +0.4%, core +0.3% — the third consecutive core reading of at least 0.3%. 🔸 Persistent inflation: Johnson estimates headline inflation is approaching 4% YoY, nearly twice the Fed's target. 🔸 Cumulative damage: CPI is 14.8% above where prices would be under a 2% inflation path since March 2020, according to his calculations. 🔸 Producer prices: Headline PPI above 6% YoY, with core near 4%. 🔸 Fed balance sheet: Johnson says Treasury purchases have added roughly $210B since quantitative tightening ended in December 2025. 🔸 Real wages: October hourly earnings rose 0.4%, matching inflation and leaving real wage growth flat. Johnson's warning: The Fed is raising interest rates while simultaneously injecting liquidity — tightening with one hand and easing with the other. Source: Gordon Johnson, November 10, 2026. Figures and interpretations attributed to Johnson.