"The only thing we know about the future is that it is going to be different." -- Dr Peter Ferdinand Drucker

BoJ Governor Ueda struck a very balanced tone at his press conference this morning, and did not give direct clues of a potential hike in December. Why it matters? There had been some expectations of a hawkish press conference by the BoJ Governor, especially after USDJPY broke

Book Summary: “The Psychology of Money”

The buyback of European corporates has rarely been so strong. A record ~$170bn of stock has been bought YTD with ~$230bn more announced. Corporates sit on ~$1.1tr of cash. But despite all this, M&A activity is still subdued. Worth looking at the M&A targets?

Completely flat USD vol-curves in G10 are a great opportunity to add leverage to USD-stronger trades. PBOC has given the market a clear signal, via their fixes, that further depreciation isn’t desired, which means broader DXY moves to slow down. #volatility #DXY #usd #macro

The ultimate productivity system: - Wake up without an alarm - Work when you're focused - Exercise when you feel stuck - Take a walk when stressed - End your day when you're done Zero apps required.

substack.com/@themacrohub/n…

🚨 Big shakeup coming for US retirement accounts? A proposed exec order could open 401(k)s to gold, private equity & crypto. If gold gets in, we’re talking millions of troy ounces in inflows.💰 MacroLab 👉 themacrohub.substack.com #Gold #401k #Retirement #FinanceNews

📈Watch the breakdown in SPX-VIX correl. The 15-day correl moved from -0.80 → -0.545 — a shift that’s historically preceded a +17% VIX spike in the next 15 trading days. 🧠 More here: themacrohub.substack.com #VIX #Volatility #Markets #Macro #SPX #Finance #Investing

Paul Singer's Elliott Management Discloses Five Major Investing Lessons

Academic studies suggest that the wealthy are selfish jerks. It’s an easy narrative to swallow — but is it true? bit.ly/2qciq6B