GOLDMAN SACHS TURNS BULLISH ON STOCKS AND BONDS
Goldman Sachs has upgraded equities to overweight over three months and bonds to overweight over 12 months.
The bank sees improving valuations, resilient earnings and easing inflation supporting markets into 2027.
Goldman favors AI-linked stocks and selective dividend plays, while warning that rising yields and geopolitical tensions could keep volatility elevated.
(@WalterBloomberg)
Goldman Sachs has upgraded equities to overweight over three months and bonds to overweight over 12 months.
The bank sees improving valuations, resilient earnings and easing inflation supporting markets into 2027.
Goldman favors AI-linked stocks and selective dividend plays, while warning that rising yields and geopolitical tensions could keep volatility elevated.
(@WalterBloomberg)
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OIL MARKETS FACE GROWING SUPPLY RISKS AS MIDDLE EAST ATTACKS ESCALATE
Houthi missile and drone strikes on Saudi Arabia are intensifying, threatening critical oil infrastructure and exports through the Red Sea.
Energy analysts warn that Yanbu and Jizan remain particularly vulnerable, potentially forcing Saudi Arabia to route more crude through the Strait of Hormuz, where shipping risks are also rising.
Meanwhile, Trump's Russian diesel deal may cover just 10% of the estimated global supply shortfall, offering limited relief from elevated fuel prices.
The proposed Russia-Ukraine energy ceasefire is already under strain, with Kyiv reporting fresh Russian attacks and Moscow yet to confirm an agreement.
The outlook: Persistent supply disruptions, elevated diesel prices and continued upside risks for oil.
(@WalterBloomberg)
Houthi missile and drone strikes on Saudi Arabia are intensifying, threatening critical oil infrastructure and exports through the Red Sea.
Energy analysts warn that Yanbu and Jizan remain particularly vulnerable, potentially forcing Saudi Arabia to route more crude through the Strait of Hormuz, where shipping risks are also rising.
Meanwhile, Trump's Russian diesel deal may cover just 10% of the estimated global supply shortfall, offering limited relief from elevated fuel prices.
The proposed Russia-Ukraine energy ceasefire is already under strain, with Kyiv reporting fresh Russian attacks and Moscow yet to confirm an agreement.
The outlook: Persistent supply disruptions, elevated diesel prices and continued upside risks for oil.
(@WalterBloomberg)
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TRUMP'S RUSSIAN DIESEL DEAL UNLIKELY TO BRING PRICES DOWN
Trump says Russia will release 4.8 million tons of diesel, equivalent to roughly 35.8 million barrels.
That sounds substantial, but it would cover just nine days of U.S. diesel demand, according to EIA data.
Only 300,000 tons are expected initially, while Ukrainian strikes have significantly constrained Russian refining capacity.
Jefferies warns the deal is unlikely to materially lower diesel prices, especially as the promised supplies must serve global markets, not just the U.S.
(@WalterBloomberg)
Trump says Russia will release 4.8 million tons of diesel, equivalent to roughly 35.8 million barrels.
That sounds substantial, but it would cover just nine days of U.S. diesel demand, according to EIA data.
Only 300,000 tons are expected initially, while Ukrainian strikes have significantly constrained Russian refining capacity.
Jefferies warns the deal is unlikely to materially lower diesel prices, especially as the promised supplies must serve global markets, not just the U.S.
(@WalterBloomberg)
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GERMAN CHANCELLOR MERZ ON US-RUSSIA DEAL: DIESEL DEAL IS OUT OF THE QUESTION FOR GERMANY; SANCTIONS MUST BE TIGHTENED
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IRAN OFFERS TO MEDIATE AS SAUDI-HOUTHI CONFLICT ESCALATES
Iran has offered to broker talks between Saudi Arabia and the Houthis, following deadly attacks on the kingdom.
A strike on Riyadh's airport reportedly killed at least 12 people and injured hundreds, triggering retaliatory attacks in Yemen.
Meanwhile, Houthi control of Yemen's Red Sea coastline threatens critical shipping routes and Saudi oil exports.
Tensions remain elevated as Iran warns that renewed conflict with the U.S. could put Gulf data centers and digital infrastructure at risk.
Saudi Arabia confirmed talks with Iran but has not acknowledged the mediation offer.
(@WalterBloomberg)
Iran has offered to broker talks between Saudi Arabia and the Houthis, following deadly attacks on the kingdom.
A strike on Riyadh's airport reportedly killed at least 12 people and injured hundreds, triggering retaliatory attacks in Yemen.
Meanwhile, Houthi control of Yemen's Red Sea coastline threatens critical shipping routes and Saudi oil exports.
Tensions remain elevated as Iran warns that renewed conflict with the U.S. could put Gulf data centers and digital infrastructure at risk.
Saudi Arabia confirmed talks with Iran but has not acknowledged the mediation offer.
(@WalterBloomberg)
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*MERZ SAYS WILL LOWER ELECTRICITY TAX WITH ROOM IN GERMAN BUDGET
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FORMER U.S. DEFENSE SECRETARY WARNS IRAN WAR HAS “NO EASY WAY OUT”
Former Defense Secretary Lloyd Austin warns Washington and Tehran both believe they can outlast each other, making a diplomatic breakthrough increasingly difficult.
Austin says the Gulf will never return to its prewar state, citing damaged infrastructure, threats to the Strait of Hormuz and growing military cooperation among U.S. adversaries.
He also criticized Trump's Russian diesel deal, warning it won't significantly lower fuel prices and could help Moscow sustain its war in Ukraine.
“There is no easy way out.”
(@WalterBloomberg)
Former Defense Secretary Lloyd Austin warns Washington and Tehran both believe they can outlast each other, making a diplomatic breakthrough increasingly difficult.
Austin says the Gulf will never return to its prewar state, citing damaged infrastructure, threats to the Strait of Hormuz and growing military cooperation among U.S. adversaries.
He also criticized Trump's Russian diesel deal, warning it won't significantly lower fuel prices and could help Moscow sustain its war in Ukraine.
“There is no easy way out.”
(@WalterBloomberg)
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$MSTR - STRATEGY BUYS MORE BITCOIN AND REPURCHASES $192 MILLION IN PREFERRED STOCK
Strategy acquired 250 BTC for $21.5 million at an average price of $86,194 per Bitcoin.
The company now holds 848,250 BTC, purchased for approximately $64 billion at an average cost of $75,444 per coin.
Meanwhile, Strategy repurchased $192.4 million of STRC preferred shares and reported $4.88 billion in USD reserves, alongside $640.5 million in additional cash.
(@WalterBloomberg)
Strategy acquired 250 BTC for $21.5 million at an average price of $86,194 per Bitcoin.
The company now holds 848,250 BTC, purchased for approximately $64 billion at an average cost of $75,444 per coin.
Meanwhile, Strategy repurchased $192.4 million of STRC preferred shares and reported $4.88 billion in USD reserves, alongside $640.5 million in additional cash.
(@WalterBloomberg)
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GULF AIR SAYS IT HAS CANCELLED FLIGHTS TO AND FROM RIYADH FROM OCT 12 TO OCT 17 - POST ON X
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STARBUCKS SPOKESPERSON- WE WANT TO BE CLEAR WE ARE NOT BUYING CHIPOTLE
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$SPCX - SPACEX PRICE TARGET RAISED TO $230 AS STARLINK TAKES AIM AT U.S. TELECOM GIANTS
Pivotal Research raised its SpaceX price target to $230 from $220, maintaining a Buy rating.
The upgrade follows SpaceX's reported $8 billion spectrum acquisition and authorization for 15,000 direct-to-device satellites, potentially enabling Starlink to become America's fourth major wireless network.
Pivotal forecasts 160 million global mobile subscribers by 2036, including a 13% share of the U.S. wireless market.
The firm estimates SpaceX could build its network for roughly $10 billion, versus $50–100 billion for traditional carriers.
(@WalterBloomberg)
Pivotal Research raised its SpaceX price target to $230 from $220, maintaining a Buy rating.
The upgrade follows SpaceX's reported $8 billion spectrum acquisition and authorization for 15,000 direct-to-device satellites, potentially enabling Starlink to become America's fourth major wireless network.
Pivotal forecasts 160 million global mobile subscribers by 2036, including a 13% share of the U.S. wireless market.
The firm estimates SpaceX could build its network for roughly $10 billion, versus $50–100 billion for traditional carriers.
(@WalterBloomberg)
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*ZELENSKYY: UKRAINE READY FOR ENERGY TRUCE, NOT SURE PUTIN IS
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DOLLAR RISES TO 2.5-WEEK HIGH OF 158.64 YEN - LSEG
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GOLDMAN SACHS TURNS BULLISH ON BOTH STOCKS AND BONDS
Goldman Sachs upgrades equities to overweight over three months and bonds to overweight over 12 months, citing strong earnings and limited recession risk.
Analysts expect nearly 30% year-over-year S&P 500 earnings growth in Q3, while recent market declines have improved stock valuations.
Meanwhile, Treasury yields have reached their highest levels since 2002, making longer-term bonds increasingly attractive.
Goldman expects easing inflation, peaking energy prices and a more dovish Fed to support both markets.
(@WalterBloomberg)
Goldman Sachs upgrades equities to overweight over three months and bonds to overweight over 12 months, citing strong earnings and limited recession risk.
Analysts expect nearly 30% year-over-year S&P 500 earnings growth in Q3, while recent market declines have improved stock valuations.
Meanwhile, Treasury yields have reached their highest levels since 2002, making longer-term bonds increasingly attractive.
Goldman expects easing inflation, peaking energy prices and a more dovish Fed to support both markets.
(@WalterBloomberg)
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GLOBAL SMARTPHONE SHIPMENTS PLUNGE 20% AS AI BOOM SQUEEZES CHIP SUPPLY
Global smartphone shipments fell 20% in Q3, hitting their lowest third-quarter level since 2012, according to Counterpoint Research.
AI data centers are absorbing memory chip supplies, driving up smartphone production costs and retail prices.
Samsung leads with 23% market share, followed closely by Apple at 22%.
Meanwhile, Xiaomi shipments plunged over 30%, as manufacturers prioritize margins over sales volumes.
(@WalterBloomberg)
Global smartphone shipments fell 20% in Q3, hitting their lowest third-quarter level since 2012, according to Counterpoint Research.
AI data centers are absorbing memory chip supplies, driving up smartphone production costs and retail prices.
Samsung leads with 23% market share, followed closely by Apple at 22%.
Meanwhile, Xiaomi shipments plunged over 30%, as manufacturers prioritize margins over sales volumes.
(@WalterBloomberg)
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*IRAN'S IRGC SAYS SUPERTANKER WAS HIT IN HORMUZ ON MON. MORNING
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IRAN CLAIMS THIRD SUPERTANKER STRUCK IN STRAIT OF HORMUZ
Iran's Revolutionary Guards say a third supertanker has been hit and caught fire in the Strait of Hormuz within 48 hours.
The IRGC claims the vessel ignored warnings and switched off its navigation system.
Iran also warned that commercial ships cooperating with U.S. forces will face a decisive response.
The reported strike has not been independently verified.
(@WalterBloomberg)
Iran's Revolutionary Guards say a third supertanker has been hit and caught fire in the Strait of Hormuz within 48 hours.
The IRGC claims the vessel ignored warnings and switched off its navigation system.
Iran also warned that commercial ships cooperating with U.S. forces will face a decisive response.
The reported strike has not been independently verified.
(@WalterBloomberg)
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ZELENSKIY SAYS IT IS 'INCREASINGLY CLEAR' THAT RUSSIA IS UNWILLING TO ACCEPT US ENERGY CEASEFIRE PROPOSAL
(@WalterBloomberg)
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