On Oct. 2, the St. Louis Fed Economic News Index was projecting Q3 real GDP growth of 2.7% at an annual rate, down from the prior week’s 3.2%. Our “nowcast” uses economic content from key monthly data releases to forecast the current quarter’s real GDP growth. Learn more:
On the other hand, many #Altcoins# have barely seen any momentum.
$AVAX is one of them.
Slowly creeping upwards, and once it breaks the high at $12, this should accelerate fastly to $17.
On Semiconductor $ON just gapped through its 200-day moving average after announcing it would acquire Synaptics $SNYA in an effort to accelerate its move into physical AI 🚨 For magnified exposure, consider the Tradr 2X Long ON Daily ETF $ONX from @TradrETFs
On August, 22nd, Austin's unsupervised Robotaxi fleet reached 60 vehicles. 6 weeks later, the fleet has over 200 vehicles.
60 vehicles is the size of the Dallas fleet today. Just 6 weeks behind.
We know where this is going.
On the latest episode of The Draw Candleman and @RickBakas talk with @NodarJ from @Hookrfun about the tooling they've built to weed out 'bad' hooks so traders can trade w/ vetted v4 hooks.
On inflation data, while most of us will wait for Japan's national data, I suspect the Bank of Japan will pay attention to the Tokyo measures released overnight.
Tokyo core CPI jumped to 2.7% (versus a 2.4% consensus forecast and 1.8% prior), its highest level in 10 months.
#economy# #japan# #inflation# #markets#
On the worry I've mentioned before that interest rate risk may morph into credit/spread risk:
Bloomberg: "Credit markets are showing signs of caution, as investors pull back from treating high-grade debt as a bastion of safety amid lingering worries about record borrowings and inflation."
#economy# #markets#