NewsFeeds: Macro

Goldman Sachs says gold's slide is driven by speculative unwinding, not real rates

Goldman Sachs attributes gold's recent decline mainly to large-scale liquidation by speculative funds rather than changes in real interest rates. CFTC data show speculators sold about $8bn of gold positions from 20 to 27 October, $5.2bn from long liquidation and $2.8bn from new shorts, with $19.5bn of net outflows over five straight weeks since 22 September.

MacroPANewsAINeutral

Morgan Stanley says add exposure over next two to three weeks after US tech slide

Wall Street sees a buy-the-dip opportunity after a US tech slide, with Morgan Stanley saying investors should add exposure over the next two to three weeks.

MacroBloomingbitAIBullish

Foreign investors sell $5.5bn of Samsung Electronics and SK Hynix shares this week

Foreign investors sold $5.5bn of Samsung Electronics and SK Hynix shares this week, with foreign ownership of the two chipmakers falling to multi-year lows.

MacroBloomingbitAINeutral

Reuters estimates Trump Media outside investors' losses above $2.2bn

Reuters estimates, from filings and court records, that outside investors in Trump Media & Technology Group have lost more than $2.2bn on a mark-to-market basis. Trump Media disputes the method; its general counsel Scott Glabe says it is impossible to know whether each seller gained or lost.

MacroChainCatcherAINeutral

NH says Kospi could reach 5,000-6,000 this week after US 'blue wave' shock

NH says the Kospi index could rebound to between 5,000 and 6,000 this week after being shaken by the US 'blue wave' shock.

MacroBloomingbitAINeutral

US stocks next week focus on inflation data and AI infrastructure earnings

With 88% of S&P 500 companies having reported and 84% of those beating consensus earnings per share, investors will watch inflation data and a new round of results next week. Cisco's figures will show progress towards its $7.5bn AI infrastructure order target, while CoreWeave faces rising financing costs and debt pressure.

MacroChainCatcherAINeutral

Berkshire Hathaway posts $12.7bn third-quarter operating profit

Berkshire Hathaway's third-quarter operating profit fell 5.8% year on year to $12.7bn, while net income attributable to shareholders was $22.1bn against $30.8bn a year earlier. Cash reserves rose to a record $377bn and the company repurchased $9.6bn of shares in the quarter.

MacroPANewsAINeutral

Serenity says year-to-date return still 594.4%, bullish on optoelectronics and storage

Serenity said on X that his year-to-date investment return is still 594.4%, adding that Warren Buffett probably sleeps more soundly than he does. He said his optoelectronics and storage thesis, built for 2027-2028, is being tested by the market about a year early.

MacroOdailyAIBullish

Kakao holds up after cancelling $108m share buyback as target prices are halved

Kakao withstood a market rout after cancelling a $108m share buyback, while target prices for the stock were halved.

MacroBloomingbitAINeutral

Polymarket user says Vanderbilt researchers flag Ricketts bet before poll

Vanderbilt researchers found a Polymarket user staked nearly $200,000 on 31 October that Nebraska senator Pete Ricketts would win re-election, then profited over $77,000 after a New York Times/Siena poll showed him leading. Polymarket says it is investigating; Kalshi declined to comment.

MacroOdailyAIBearish

IMF's Georgieva says central banks must weigh AI-driven growth slowdown

IMF managing director Kristalina Georgieva said central banks assessing their inflation fight must factor in a possible slowdown in AI-driven growth, warning that concerns over heavy reliance on AI investment and high asset valuations are fuelling market volatility.

MacroChainCatcherAIBearish

AI bubble fears spark $5.7tn US stock sell-off after midterm results

AI bubble worries erupted after Democrats won control of Congress in the US midterms, with the Nasdaq 100 posting its biggest one-day fall since March 2020 and shedding $2.3tn in market value. US stocks have lost $5.7tn in market value since the 6 October high, and the VIX jumped from 16.6 to nearly 28.

MacroChainCatcherAIBearish

Brokerages advise holding Samsung and SK Hynix after chip stock slump

MacroBloomingbitAINeutral

US stocks close higher as Riot Platforms gains 14.55% and AMD rises 9.57%

All three major US indices closed higher, with the Nasdaq up 1.79%, the S&P 500 up 0.63% and the Dow up 0.06%. Riot Platforms rose 14.55%, MARA 8.31%, AMD 9.57%, Intel 7.13% and Micron 5.12%.

MacroPANewsAIBullish

Bessent and Greer urge China to honour Busan trade pledges in call with He Lifeng

US Treasury Secretary Scott Bessent and trade representative Jamieson Greer told Chinese Vice-Premier He Lifeng that Beijing must fully and immediately honour commitments made a year ago in Busan, citing farm purchases and rare earths. Tariff exemptions on some Chinese goods expire on 10 November.

MacroPANewsAINeutral

US stock-linked contracts extend 24-hour gains

QNTX rose 22.2% over 24 hours to $35.83, including a 7.2% gain in one hour, while OKLO rose 22.0% to $23.54, according to MSX.COM data.

MacroOdailyAIBullish

US one-year inflation expectation comes in at 4.3% for November

The preliminary November reading for US one-year inflation expectations was 4.3%, against a forecast of 4.7% and a previous reading of 4.70%.

MacroOdailyAIBullish

Nasdaq gain widens to 2% as AMD and SanDisk jump after US open

The Nasdaq's gain widened to 2% and the S&P 500 rose 1.1% after the US open, while the Philadelphia Semiconductor Index climbed 6.8%, with AMD up 13% and SanDisk up 12%.

MacroOdailyAINeutral

Gold falls 1.35% as dollar rises against yen and offshore yuan

Gold fell 1.35% to $4,032.6 an ounce while silver rose 0.4% to $51.458, Gate data show. The dollar gained 0.52% to 158.465 yen and 0.12% to 6.67278 offshore yuan, as European shares fell.

MacroOdailyAINeutral