Edition #2
Tuesday October 25th 2022
Summary 📝
Another exciting day in the market ahead, as Microsoft, Alphabet, Coca Cola, and a whole host of others report earnings. I’m watching out for positive forward guidance, and insights into advertising spending. 🤞
Yesterday’s crash in the Chinese market gave investors the chance to pick up some severely reduced prices in companies such as Alibaba, JD, and Tencent. 📉
Volatility will be rife this week, as a new PM in the UK, nervous investors seeking a bottom, and frantic treasury yields keep us on our toes! 😅
Market Recap 📈
Marginal dip in the markets yesterday, as the dramatic drop in Chinese companies spooked the market, before grinding back upwards for the rest of the day.
Yesterday’s Post 💌
What’s Moving Markets?
Incoming Earnings Reports this week- provided by Earnings Whispers.
Events today- provided by Unusual Whales
Treasury yields fell on Tuesday as uncertainty over future Federal Reserve policy weighed on markets and investors assessed earnings reports.
The yield on the benchmark 10-year Treasury note was last down by around five basis points to 4.1837%. It has had a volatile start to the week, falling early during Monday’s trading day before recovering the decline.
Britain’s new Prime Minister Rishi Sunak is set to take office Tuesday, assuming with it one of the most daunting political in-trays in modern British history.
The former finance minister will be tasked with remedying multiple crises, including soaring inflation, higher energy costs, industrial unrest and a battered economy.
Sunak has warned that the U.K. faces a “profound economic challenge,” and pledged to instill “stability and unity.”
60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.
The vessels are considered floating LNG storage since they cannot unload and the situation is impacting the price of natural gas and freight rates.
Natural gas is critical for European energy needs into the winter and Russia has reduced its supply of gas as a result of the war in Ukraine, but existing storage capacity is at 93%.
Chart of the Day 📈
@LombardOdier
2022 has been an extraordinary year for markets. Other than 2022, only 1931 and 1969 saw negative returns for both stocks and bonds, demonstrating the uncertainty in the market, and the strength of the dollar as the “cash is king” strategy won out the day.
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Disclosure
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This newsletter provides general information only. Before making any financial or investment decisions, please consult a financial planner to take into account your personal investment objectives, financial situation and individual needs.