Space Summary
The Twitter Space Morning Blast with @PiQSuite and @MrMBrown Join Michael and Ryan for an explosive daily market preview. hosted by PiQSuite. Join @PiQSuite and @MrMBrown for a daily dose of market insights on a free, customizable information aggregation platform partnered with @PepperstoneFX. Dive into dynamic updates, strategic analysis, and community engagement, empowering users to make informed decisions in the trading space. Explore expert analysis from Michael and Ryan, access comprehensive market data, and enhance your market strategies through valuable market intelligence. Stay ahead in the financial landscape with this unique market preview experience.
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Space Statistics
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Questions
Q: What is the primary focus of the daily market preview with @PiQSuite and @MrMBrown?
A: Providing insightful analysis, news, and trends for informed decision-making in the market.
Q: How does the partnership with @PepperstoneFX benefit users of the platform?
A: It offers access to valuable market insights and data through a trusted collaboration.
Q: Who are the hosts leading the daily market preview sessions?
A: Michael and Ryan guide viewers through cutting-edge market trends and forecasts.
Q: What can users expect in terms of information and updates from the platform?
A: Dynamic market updates, rich intelligence sources, and strategic market insights.
Q: How does the information aggregation platform cater to the community?
A: It provides a space for engaging in market analysis discussions and predictions.
Q: Why is staying informed crucial in navigating financial landscapes?
A: Keeping up with market trends is essential for making well-informed decisions in finance.
Q: How does the platform contribute to enhancing market knowledge?
A: By offering comprehensive market data and analysis tools to improve decision-making.
Q: What sets this daily market preview apart from others?
A: Its focus on customizable insights, a partnering collaboration, and a community-centered approach.
Q: What benefits do users derive from engaging with intelligent market news?
A: They gain valuable market intelligence, forecasts, and strategic information for financial decision-making.
Q: How can users leverage the platform to enhance their market strategies?
A: By accessing a breadth of market insights, analysis, and expert advice for strategic planning.
Highlights
Time: 00:15:29
Introduction to Intelligent Market News Platform Exploring the features of a free, customizable information aggregation platform.
Time: 00:30:17
Insights from @PepperstoneFX Partnership Understanding the benefits of partnering with PepperstoneFX for market insights.
Time: 00:45:40
Expert Analysis by Michael and Ryan Guiding viewers through current market trends and analysis.
Time: 01:00:22
Dynamic Updates and Forecasts Providing real-time market updates and forecasts for informed decision-making.
Time: 01:15:55
Community Interaction and Market Discussions Engaging with the community through market analysis discussions.
Time: 01:30:40
Strategic Insights for Navigating Financial Landscapes Offering strategic insights for making informed financial decisions in volatile markets.
Time: 01:45:12
Comprehensive Market Data Access Accessing a wealth of market data and information resources on the platform.
Time: 02:00:33
Enhancing Market Knowledge and Decision-making Empowering users with knowledge and tools for improving market strategies.
Time: 02:15:19
Customizable Market Insights and Analysis Utilizing customizable insights and analysis tools for tailored market approaches.
Time: 02:30:50
Valuable News and Intelligence Sources Gaining valuable market news and insights for proactive decision-making.
Key Takeaways
- Access a free, customizable information aggregation platform for intelligent market news.
- Partnered with @PepperstoneFX for market insights and data.
- Join Michael and Ryan for a daily market preview session.
- Learn about cutting-edge market trends and analysis.
- Stay informed with dynamic market updates and forecasts.
- Explore a rich source of market intelligence and news.
- Engage with a community focused on market analysis and predictions.
- Discover strategic insights for navigating the financial landscape.
- Utilize a comprehensive platform for accessing market data.
- Enhance your market knowledge and decision-making capabilities.
Behind the Mic
Morning Greetings
Good morning. Good morning. Good morning. It's Monday the 14 October and this is the morning blast. Let's wait for Mister Brown to show up. There he is. Hang on mate. Hang on, hang on. Bear with me. Invite sentence. Come on down, Mister Brown. Hello. Come on.
Mister Brown Joins
Good morning, Ryan. Good morning everyone. Good. Oh God, you're right. He's kind of a bit miserable. No, just. Just a little bit hoarse this morning, but otherwise, yeah. Okay, let me just get the legals out the way please. Nothing discussed on this space session constitutes training or investment advice. Refers any kind of endorsement by Piq Global Limited trainers, Piq or PiQ suite or indeed its hosts including Mister Brown and myself, Mister Paisy.
Weather Discussion
Is it raining where you are pissing down here? Oh, maze. Absolutely horrible. Rainy when I go on the train, raining when I got off the train. There are few things more miserable in life than a Monday morning when it's still dark outside and you're walking over London Bridge and the rain is coming in sideways off the river, the wind is whipping around it. Absolutely.
Work-from-Home Thoughts
You know what? It sounds like a very good advert for work from home. Something that you detest. Well, no, absolutely not. Because, you know, I need to be in the office collaborating with people today, so. Hey. What? The one other bloke who's currently turned. Up what's happened over the weekend? I think they've been. Mister Bernard is listening, so I'll find out afterwards.
Looking Back at Friday
But we'll see. We'll see indeed what has happened over the weekend. Well, let's look back at Friday. First of all, it was just an alert saying my Nespresso delivery is on its way. So the day is brightening up. Oh great, more caffeine. That's what Ryan always needs, isn't it? Right. Anyway, but where were we? Yes, Friday it was a relatively positive end to the week for equities, the s and P 500 ending the day around six tenths of 1% higher going into what is technically a long weekend in the United States with today being Columbus day.
Market Insights
And I'm sure Brian will regale us with his fact about that momentarily. Although it is worth noting that it is only the treasury market cash treasuries that are closed today. Cash equities will be trading as normal. Because it's a federal holiday rather than a national holiday, correct? If I'm right, your guess is as good as mine. Answers on a postcard.
Federal Holiday and Bond Markets
But I think I'm right on that one because I remember it was some weird thing I looked at many, many moons ago that basically because it's only a federal holiday, it basically means everyone that's involved, the Federal Reserve, is obviously off for the day, therefore they close the bond markets. Okay, well, you may be right. Well, I might be. I might be talking about my ass, to be honest. I was gonna say you could. You could be barking up completely in the wrong tree. But, yeah, we'll assume you're right, shall we? In any case, moving to other markets, it was a relatively quiet end of the week, to be completely honest with you. Treasury is going nowhere. Particularly we did see some modest pressure at the long end of the curve, with the ten year yield rising about three basis points on the day, and the 210s as a result ticking steeper to around 14 basis points as the front end traded pretty much unchanged on the day.
Market Performance Overview
It was a quiet day in the FX space, pretty much everything within about a third of 1% of where the market opened. We saw the kiwi as the best performer by trading up by 0.3%, and the yen as the worst performer trading down by 0.3%, which is the little thing worth writing home about. We also saw crude trading pretty much flat, but gold did rally about 1% to a high of 26 $50 an ounce. In terms of catalysts, there was quite a lot of data on Friday, most of which came while I was in the pub. But nevertheless, we did have the producer price index out of the United States, which rose by one spot 8% on annual basis in September, a small uptick from the one spot 7% that we saw previously, and very much in keeping with the CPI printhead that we had out last Thursday, which was also hotter than markets had expected.
U.S. Economic Data Insight
Sticking with us data, we had the preliminary read on consumer sentiment from the University of Michigan. That index ticked down to 68 spot nine in October from a prior 70 spot one. And perhaps more concerningly, we saw a rise in short term inflation expectations, which now stand at two spot 9% for the year ahead from a prior two spot seven, although the usual caveats must apply that consumers have a pretty dismal track record at predicting where inflation is likely to go. We also had the latest set of employment figures out of Canada, the canadian economy adding 47,000 jobs in the month of September, almost double what markets have been expecting, while unemployment unexpectedly ticked lower to 6.5 for a prior 6.6%, somewhat lessening the chances of the bank of Canada delivering a 50 basis point cut at their meeting next Wednesday.
Earnings Season and Market Reactions
In terms of other things from Friday and over the weekend, obviously Friday marked the start of earnings season on Wall street, both Wells Fargo and JP Morgan beating consensus expectations and rallying after those results. Over the weekend, we had this much volume anticipated press conference in China, where for the second time in a row, the fiscal authorities announced no fresh measures and no details on the amount of fiscal stimulus that is likely to be delivered. The chap giving that press conference did say that more steps are under discussion, but the market is really craving some details and some real meat on the bones of this. Rather than just saying we're talking about it. Participants want to know what they're talking about, how much they're likely to inject and when this injection is likely to come.
Political Climate and Market Perceptions
So that has come as a little bit of a disappointment. I think I kept a bit of a lid on risk as we move through the Asia session. And one other line that I did see this broke. Well, late last night as I was climbing into bed, there was an apparent third assassination attempt on President Trump. For President Trump, that was foiled yesterday. The Secret Service have not officially said that it was an assassination attempt, but nonetheless, the local sheriff's department in Coachella, California, who were manning this checkpoint on the edge of a Trump rally have said it was an attempted assassination attempt. And basically the chap who foiled this said, well, why else would we stop someone carrying three weapons and a bunch of ammunition at a checkpoint to enter the rally if he wasn't trying to do him, in? Which, you know, I kind of see the logic behind that one, but nonetheless, just one worth bearing in mind in case it impacts any of the election polling.
Impending Election and Market Response
Because, of course, tomorrow is three weeks to go until rapidly approaching 5 November. It is indeed. And it's actually interesting. And I don't know what your thoughts are on this, Ryan, but I was talking to someone this morning. It's interesting to me that we're three weeks out from election day and it doesn't feel like it's really a kind of market story yet. Very much so. I completely agree. It feels like, yeah, we're talking about things that, well, we're talking about like, yeah, it's not like we're not talking about it, but in terms of impacts to markets, it feels like that no one is talking about possible impacts market. But is that because the markets are just going to go up regardless, stocks?
Responses and Observations
Well, yes, ultimately, yeah, perhaps. Yeah, no, I, I'm with you on that one. It does feel a bit odd that we're not talking about it too much, but then is it because we're this side of the pond. I don't know, maybe we're kind of a little bit blinkered to the media that we're seeing. Maybe. No, you raise a very valid point. Just whilst I delete my china headlines from my list, because you've already covered that. Oh, sorry. Are you done? I am, yes. Right. Not perfect, so that's wrong. Turn of phrase. Our friend Andrew is back from his holidays, so we've got a few things from his note in the morning, which is really good. Zach, don't worry, I'm still coming round to your note in a second.
Impact of Trump's Proposed Tariffs
So, on us autos, Trump says he would impose tariffs of. Sorry, impose tariffs that would prevent selling of cars from Mexico into the US. These tariffs would, at the moment be in billed at 200% and they would impact VW, BMW, Honda, GM, Ford and the like. Boeing expects charges of $5 billion in Q three as it lays off 10% of the workforce, which equates to around 17,000 employees. So things are going from bad to worse over there. A day without a negative Boeing headline is like a day without sunshine. China are holding, or have held. Well, that's every day. Well, all right, mister miserable China are holding drills around Taiwan. Said it was intended as a warning to the island to stop separatist acts. So obviously everyone's getting giddy that world war three is about to kick off.
Warning Signals from China
Fade the. Fade the drama. But, yeah, someone to keep an eye on. Sticking in China for a second. Chin Chining. China shipping futures rally for the third straight day, surging 19% as the global shipping giants hike prices and suspend routes. A few headlines from Jack. Jack. Fucking hell, Ryan, I need another coffee. Through God, I will start again. What's going on here? I've only had one coffee this morning and we all know that I need at least three to get going, so a few headlines from Zach's morning note. Fitch over the weekend. I believe it's the weekend it might have been. Friday put France on negative outlook the day after the government presented the spending budget for 2025.
UK Economic Concerns
Spending and taxing. Less spending, more taxes. Lovely Jubilee. UK net gas output is declining faster than expected and leading to greater reliance on imports, according to an industry group seeking the government to seeking government relief to spur investment. I raised this because this is one more headline regarding UK energy security, I guess we could phrase it, under which, under labor, under Millivolt, Ed Milamand seems to be in slight concern. Obviously, we seem to be shunning nuclear and stuff like that in favor of renewables and when we've got to pay people to stop using electricity. It's never a great sign.
The Energy Crisis and Its Effects
Sticking with energy stories, cheap natural gas is sparing Chinese truckers to switch rigs powered by the fuel, dampening the country's appetite for oil and contributing, sorry, to a catastrophic sales drop for China's unit of Daimler. So again, another nail in the german auto manufacturing coffin. At this point, it's mainly nails. TSMC, speaking of earnings, which you were just now speaking of earnings, TSMC is expected to report a 40% plus leap in net profits to 298 billion native currency. So that would be about $9.3 billion when it announces Q three earnings on Thursday. This, obviously is led by AI and new chip launches.
Trends in Technology and Politics
Of note, their key customers include Apple and everyone's favorite, Nvidia. A couple of headlines from our friends at Newskawk. North Korea said it ordered its artillery corps near the border to prepare to shoot after it threatened a horrible disaster after drones were flown from the south korean side over north korean airspace. Well, over North Korea, UK PM Starmer is to ask the competition watchdog to soften its approach as he vows to rip out bureaucracy and make UK more attractive to investors. Now, I've got an idea for him here.
Attracting Foreign Investment
If you're trying to attract investors, don't have key members of your cabinet slagging off the investors that you want to invest billions in the country. I know it might sound like a crazy idea, but don't slag off the people you want spending money, which is what they're currently doing. I mean, get a grip. Anyway, the chances of me moving to Malta. Schoolboy politics, mate. Well, give you the chance of me moving to Malta are now about 98%. The 2% is a tail risk that they don't want you there, I assume.
Personal Reflections on Relocation
Well, that and the Stafford might offer me some money to stay. They've moved on from you, mate. Oh, well, I haven't been there in three weeks. That's a very good point. And my first pint last night in three weeks with.
Introduction with Tom
With our friend Tom. Obviously, when I say pint, I mean six, but, yeah. Anyway, what's happening today?
Discussing Tom's Absence
Well, I was gonna say, that's probably why Tom isn't on the. Absolutely under the table. I drank. Right.
Week Overview
In terms of today and the week ahead, as I alluded to earlier, it is likely to be a relatively quiet start to the week with treasury trade closed for Columbus Day, and the rest of us will probably take a bit of a long weekend as well, to be honest with you. We do hear, though, this afternoon from the feds Kashkari and Waller, the latter being of considerably more interest given that he is likely to. Well, he's really thought of as a bit of a thought leader among members of the Fom. Brainstorm. Well, yeah, he is very much the brains of the operation over there. Not sure what that says about the rest of them.
UK Economic Releases
In any case, moving on to the rest of the week, Tuesday kicks off a busy week of UK economic releases with latest employment data. Obviously this is rather ropey given the ONS continues to have issues with the labour force survey, but unemployment is expected unchanged at four spot 1% while overall earnings growth should cool to three spot seven from a prior 4%. We also have the latest ZDW sentiment survey out of Germany, as well as inflation figures from Canada and New Zealand and third quarter earnings season, excuse me, steps up a gear from Tuesday onwards, the banks continuing to report with Citi, bank of America and Goldman reporting before the market open on Tuesday.
Wednesday and Thursday's Events
We also hear from UnitedHealth, who are the biggest stock by weight in the dow. Wednesday. A little bit of a quieter docket, although we do have inflation figures due from here in the UK. Headline CPI expected to diphtherez back under the 2% target in September, having risen to two spot 2% in August. Also on Wednesday on the earnings slate, we hear from ASML, who are obviously a big player in the chip and semiconductor space, and bank earnings wrap up with Morgan Stanley Thursday. Plenty going on. We've got employment figures from Australia. We've got a policy decision from the ECB where the ECB are likely to deliver a 25 basis point cut just five weeks after the last rate reduction. As the euro zone economy rapidly loses momentum and disinflation progresses faster than had been expected.
US Data and Earnings Recap
The market is fully pricing that rate reduction on Thursday, and also pricing another 25 basis point cut by the end of the year at the December meeting. A busy slate of us data as well on Thursday, with the latest retail sales figures due. And we also get the weekly jobless claims report. Of course the initial claims printed. That does coincide with the non farm payroll survey week, and risks are heavily tilted to the downside for that print. As a result of that, the Hurricane Milton, which hit Florida last week, and we obviously saw the impacts of Hurricane Helene in the prior week's data. On the earnings slate, we have Netflix after the market closed on Thursday into Friday, we get a whole dump of chinese economic data, GDP, industrial production and retail sales.
Final Remarks and Listener Engagement
Wouldn't lose any sleep over that because it's all pretty much made up. We also get retail sales out of the UK, which are expected to have fallen by half of 1% in September, having risen by 1% on a monthly basis in August. And the week wraps up with housing starts and building permits due out of the United States, so earnings stepping up. A gear. The ECB on deck on Thursday. Us retail sales, probably the macro data highlight, but for UK based participants, there's plenty to digest here in the UK as well, and that is pretty much a lot for this morning. Lovely. Dubby, are you about later on? I may be around for a beer, if you can persuade me. Potentially. But it is only Monday.
Concluding Thoughts
Yeah? Not less of that talk, please. Well, anyway, thank you very much. Well, I'll speak to you right after this and try and convince you to go for a beer. Listeners, thank you as always, for listening in. The feedback you give us is very much appreciated. Dario's just turned up. Bit late now, mate. You melt if we don't see you through the weekend, will see you through the window. If you are trading today, keep it tight and, yeah, take care. Now for the awkward silence. See ya. Cheers.
