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KEY EARNINGS
No major results today – Of the 92% of S&P 500 companies that have reported Q3 earnings:
81% have beaten consensus EPS expectations, above the 74% one-year average and the 77% five-year average
61% topped consensus sales expectations, below the 69% one-year average and 68% five-year average
Earnings are coming in 7.1% above expectations, above the 44% one-year average but below the 8.5% five-year average
CENTRAL BANKS
Powell warns Fed not confident it is on path to bringing inflation back to target (FT)
Fed repo facility back below $1tn for first time since August 2021 (Bloomberg)
ECB makes case for keeping balance sheet big (FT)
BoE's Pill says interest rates already high enough to tackle inflation (Telegraph)
RBA upgrades economic forecasts but risk of inflation is higher (Bloomberg)
Bank of Mexico holds, though hints it could start cuts soon (Bloomberg)
GEOPOLITICS
Israel agrees to daily 4-hour pause to allow civilians to evacuate (Bloomberg)
Israeli PM Netanyahu says does not seek to occupy Gaza (Reuters)
Netanyahu says a peace deal with Saudi Arabia was still possible (Bloomberg)
Iran warns about broader conflict (Reuters)
Yellen begins talks with Chinese counterpart, which will include discussions on use of economic tools for national security purposes (Bloomberg)
CHINA
China new loans to have shrunk in October due to seasonal factors (Reuters)
Chinese banks ramp up short-term debt amid liquidity concerns (Bloomberg)
China's slow economy takes 9% off global manufacturers' profits (Nikkei)
ECONOMY
Moody's lowers US outlook to negative due to wider fiscal deficits and political polarization (Bloomberg)
US consumer sentiment drops again in November, inflation expectations climb to the highest level since March 2011 (Reuters)
UK GDP stagnated in Q3, justifying increased focus on growth over inflation (FT)
Industry ETFs
Mon 13 Nov 23, 8:32am (AEDT)
Name Value % Chg
Commodities

Steel 65.4537 +1.42%
Uranium 26.86 +0.64%
Copper Miners 32.1 +0.16%
Lithium & Battery Tech 47.47 -0.52%
Strategic Metals 55.9 -1.13%
Gold Miners 27.25 -1.23%
Silver 20.34 -1.69%
Industrials

Construction 53.14 +2.09%
Global Jets 15.69 +1.16%
Aerospace & Defense 113.96 +1.06%
Agriculture 22.04 -0.41%
Healthcare

Cannabis 5.47 +0.55%
Biotechnology 115.53 +0.48%
Name Value % Chg
Cryptocurrency

Bitcoin 18.85 +2.17%
Renewables

Solar 41.4 -0.38%
CleanTech 8.93 -2.08%
Hydrogen 5.84 -7.59%
Technology

Semiconductor 494.77 +4.03%
Cloud Computing 19.0 +2.26%
Cybersecurity 24.67 +2.07%
Video Games/eSports 54.99 +1.61%
Robotics & AI 24.57 +1.57%
Sports Betting/Gaming 15.77 +1.28%
Electric Vehicles 21.91 +1.11%
E-commerce 18.0197 +0.78%
FinTech 19.87 +0.56%

Name	Value	% Chg
Commodities
Steel	65.4537	+1.42%
Uranium	26.86	+0.64%
Copper Miners	32.1	+0.16%
Lithium & Battery Tech	47.47	-0.52%
Strategic Metals	55.9	-1.13%
Gold Miners	27.25	-1.23%
Silver	20.34	-1.69%
Industrials
Construction	53.14	+2.09%
Global Jets	15.69	+1.16%
Aerospace & Defense	113.96	+1.06%
Agriculture	22.04	-0.41%
Healthcare
Cannabis	5.47	+0.55%
Biotechnology	115.53	+0.48%

Name	Value	% Chg
Cryptocurrency
Bitcoin	18.85	+2.17%
Renewables
Solar	41.4	-0.38%
CleanTech	8.93	-2.08%
Hydrogen	5.84	-7.59%
Technology
Semiconductor	494.77	+4.03%
Cloud Computing	19.0	+2.26%
Cybersecurity	24.67	+2.07%
Video Games/eSports	54.99	+1.61%
Robotics & AI	24.57	+1.57%
Sports Betting/Gaming	15.77	+1.28%
Electric Vehicles	21.91	+1.11%
E-commerce	18.0197	+0.78%
FinTech	19.87	+0.56%

<blockquote data-quote="eskys" data-source="post: 1251496" data-attributes="member: 87320"><h4>KEY EARNINGS</h4>No major results today – Of the 92% of S&amp;P 500 companies that have reported Q3 earnings:<ul>
<li data-xf-list-type="ul">81% have beaten consensus EPS expectations, above the 74% one-year average and the 77% five-year average</li>
<li data-xf-list-type="ul">61% topped consensus sales expectations, below the 69% one-year average and 68% five-year average</li>
<li data-xf-list-type="ul">Earnings are coming in 7.1% above expectations, above the 44% one-year average but below the 8.5% five-year average</li>
</ul><h4>CENTRAL BANKS</h4>
<ul>
<li data-xf-list-type="ul">Powell warns Fed not confident it is on path to bringing inflation back to target (<a href="https://www.ft.com/content/d8dd09b1-4375-4b7e-b81d-39ddc38c49b1" target="_blank">FT</a>)</li>
<li data-xf-list-type="ul">Fed repo facility back below $1tn for first time since August 2021 (<a href="https://www.bloomberg.com/news/articles/2023-11-09/fed-repo-facility-sinks-below-1-trillion-as-investors-buy-bills" target="_blank">Bloomberg</a>)</li>
<li data-xf-list-type="ul">ECB makes case for keeping balance sheet big (<a href="https://www.ft.com/content/ce2bb90a-4a90-45c6-82d9-b746a8ed7660" target="_blank">FT</a>)</li>
<li data-xf-list-type="ul">BoE&#039;s Pill says interest rates already high enough to tackle inflation (<a href="https://www.telegraph.co.uk/business/2023/11/09/huw-pill-bank-economist-interest-rate-rise-not-needed/" target="_blank">Telegraph</a>)</li>
<li data-xf-list-type="ul">RBA upgrades economic forecasts but risk of inflation is higher (<a href="https://www.bloomberg.com/news/articles/2023-11-10/rba-sees-elevated-inflation-as-resilient-economy-supports-jobs" target="_blank">Bloomberg</a>)</li>
<li data-xf-list-type="ul">Bank of Mexico holds, though hints it could start cuts soon (<a href="https://www.bloomberg.com/news/articles/2023-11-09/mexico-keeps-rate-again-as-growth-runs-hot-inflation-above-goal?sref=J9GPLx1B" target="_blank">Bloomberg</a>)</li>
</ul><h4>GEOPOLITICS</h4>
<ul>
<li data-xf-list-type="ul">Israel agrees to daily 4-hour pause to allow civilians to evacuate (<a href="https://www.bloomberg.com/news/articles/2023-11-09/us-says-israel-agrees-to-four-hour-pauses-in-some-gaza-fighting?sref=J9GPLx1B" target="_blank">Bloomberg</a>)</li>
<li data-xf-list-type="ul">Israeli PM Netanyahu says does not seek to occupy Gaza (<a href="https://www.reuters.com/world/middle-east/israel-does-not-seek-occupy-gaza-credible-force-needed-netanyahu-2023-11-10/" target="_blank">Reuters</a>)</li>
<li data-xf-list-type="ul">Netanyahu says a peace deal with Saudi Arabia was still possible (<a href="https://www.bloomberg.com/news/articles/2023-11-10/israel-hamas-conflict-netanyahu-sees-saudi-arabia-peace-deal-after-gaza-fight?sref=J9GPLx1B" target="_blank">Bloomberg</a>)</li>
<li data-xf-list-type="ul">Iran warns about broader conflict (<a href="https://www.reuters.com/world/middle-east/gaza-officials-say-hospitals-come-under-new-israeli-attacks-2023-11-10/" target="_blank">Reuters</a>)</li>
<li data-xf-list-type="ul">Yellen begins talks with Chinese counterpart, which will include discussions on use of economic tools for national security purposes (<a href="https://www.bloomberg.com/news/articles/2023-11-09/yellen-to-address-economic-security-tensions-with-china-s-he" target="_blank">Bloomberg</a>)</li>
</ul><h4>CHINA</h4>
<ul>
<li data-xf-list-type="ul">China new loans to have shrunk in October due to seasonal factors (<a href="https://www.reuters.com/world/china/chinas-nov-new-yuan-loans-seen-retreating-policy-support-place-2023-11-09/" target="_blank">Reuters</a>)</li>
<li data-xf-list-type="ul">Chinese banks ramp up short-term debt amid liquidity concerns (<a href="https://www.bloomberg.com/news/articles/2023-11-09/china-banks-rush-to-raise-funds-after-cash-crunch-spooks-market" target="_blank">Bloomberg</a>)</li>
<li data-xf-list-type="ul">China&#039;s slow economy takes 9% off global manufacturers&#039; profits (<a href="https://asia.nikkei.com/Business/Companies/China-s-slow-economy-takes-9-off-global-manufacturers-profits" target="_blank">Nikkei</a>)</li>
</ul><h4>ECONOMY</h4>
<ul>
<li data-xf-list-type="ul">Moody&#039;s lowers US outlook to negative due to wider fiscal deficits and political polarization (<a href="https://www.bloomberg.com/news/articles/2023-11-10/us-s-credit-rating-outlook-changed-to-negative-by-moody-s?sref=J9GPLx1B" target="_blank">Bloomberg</a>)</li>
<li data-xf-list-type="ul">US consumer sentiment drops again in November, inflation expectations climb to the highest level since March 2011 (<a href="https://www.reuters.com/markets/us/consumer-sentiment-drops-again-november-inflation-expectations-climb-2023-11-10/" target="_blank">Reuters</a>)</li>
<li data-xf-list-type="ul">UK GDP stagnated in Q3, justifying increased focus on growth over inflation (<a href="https://www.ft.com/content/612f774d-2d60-4bd3-adb0-ecd1f53fa953" target="_blank">FT</a>)</li>
</ul><h3>Industry ETFs</h3>Mon 13 Nov 23, 8:32am (AEDT)<table style='width: 100%'><tr><th>Name</th><th>Value</th><th>% Chg</th></tr><tr><td>Commodities</td><td></td><td></td></tr><tr><td>Steel</td><td>65.4537</td><td>+1.42%</td></tr><tr><td>Uranium</td><td>26.86</td><td>+0.64%</td></tr><tr><td>Copper Miners</td><td>32.1</td><td>+0.16%</td></tr><tr><td>Lithium &amp; Battery Tech</td><td>47.47</td><td>-0.52%</td></tr><tr><td>Strategic Metals</td><td>55.9</td><td>-1.13%</td></tr><tr><td>Gold Miners</td><td>27.25</td><td>-1.23%</td></tr><tr><td>Silver</td><td>20.34</td><td>-1.69%</td></tr><tr><td>Industrials</td><td></td><td></td></tr><tr><td>Construction</td><td>53.14</td><td>+2.09%</td></tr><tr><td>Global Jets</td><td>15.69</td><td>+1.16%</td></tr><tr><td>Aerospace &amp; Defense</td><td>113.96</td><td>+1.06%</td></tr><tr><td>Agriculture</td><td>22.04</td><td>-0.41%</td></tr><tr><td>Healthcare</td><td></td><td></td></tr><tr><td>Cannabis</td><td>5.47</td><td>+0.55%</td></tr><tr><td>Biotechnology</td><td>115.53</td><td>+0.48%</td></tr></table>
<table style='width: 100%'><tr><th>Name</th><th>Value</th><th>% Chg</th></tr><tr><td>Cryptocurrency</td><td></td><td></td></tr><tr><td>Bitcoin</td><td>18.85</td><td>+2.17%</td></tr><tr><td>Renewables</td><td></td><td></td></tr><tr><td>Solar</td><td>41.4</td><td>-0.38%</td></tr><tr><td>CleanTech</td><td>8.93</td><td>-2.08%</td></tr><tr><td>Hydrogen</td><td>5.84</td><td>-7.59%</td></tr><tr><td>Technology</td><td></td><td></td></tr><tr><td>Semiconductor</td><td>494.77</td><td>+4.03%</td></tr><tr><td>Cloud Computing</td><td>19.0</td><td>+2.26%</td></tr><tr><td>Cybersecurity</td><td>24.67</td><td>+2.07%</td></tr><tr><td>Video Games/eSports</td><td>54.99</td><td>+1.61%</td></tr><tr><td>Robotics &amp; AI</td><td>24.57</td><td>+1.57%</td></tr><tr><td>Sports Betting/Gaming</td><td>15.77</td><td>+1.28%</td></tr><tr><td>Electric Vehicles</td><td>21.91</td><td>+1.11%</td></tr><tr><td>E-commerce</td><td>18.0197</td><td>+0.78%</td></tr><tr><td>FinTech</td><td>19.87</td><td>+0.56% </td></tr></table></blockquote>

[QUOTE="eskys, post: 1251496, member: 87320"] [HEADING=3][B]KEY EARNINGS[/B][/HEADING] [B]No major results today [/B]– Of the 92% of S&P 500 companies that have reported Q3 earnings: [LIST] [*][B]81% have beaten consensus EPS expectations[/B], above the 74% one-year average and the 77% five-year average [*][B]61% topped consensus sales expectations[/B], below the 69% one-year average and 68% five-year average [*][B]Earnings are coming in 7.1% above expectations,[/B] above the 44% one-year average but below the 8.5% five-year average [/LIST] [HEADING=3][B]CENTRAL BANKS[/B][/HEADING] [LIST] [*][B]Powell [/B]warns Fed not confident it is on path to bringing inflation back to target ([URL='https://www.ft.com/content/d8dd09b1-4375-4b7e-b81d-39ddc38c49b1'][U]FT[/U][/URL]) [*][B]Fed repo facility[/B] back below $1tn for first time since August 2021 ([URL='https://www.bloomberg.com/news/articles/2023-11-09/fed-repo-facility-sinks-below-1-trillion-as-investors-buy-bills'][U]Bloomberg[/U][/URL]) [*][B]ECB [/B]makes case for keeping balance sheet big ([URL='https://www.ft.com/content/ce2bb90a-4a90-45c6-82d9-b746a8ed7660'][U]FT[/U][/URL]) [*][B]BoE's Pill[/B] says interest rates already high enough to tackle inflation ([URL='https://www.telegraph.co.uk/business/2023/11/09/huw-pill-bank-economist-interest-rate-rise-not-needed/'][U]Telegraph[/U][/URL]) [*][B]RBA [/B]upgrades economic forecasts but risk of inflation is higher ([URL='https://www.bloomberg.com/news/articles/2023-11-10/rba-sees-elevated-inflation-as-resilient-economy-supports-jobs'][U]Bloomberg[/U][/URL]) [*][B]Bank of Mexico holds[/B], though hints it could start cuts soon ([URL='https://www.bloomberg.com/news/articles/2023-11-09/mexico-keeps-rate-again-as-growth-runs-hot-inflation-above-goal?sref=J9GPLx1B'][U]Bloomberg[/U][/URL]) [/LIST] [HEADING=3][B]GEOPOLITICS[/B][/HEADING] [LIST] [*][B]Israel [/B]agrees to daily 4-hour pause to allow civilians to evacuate ([URL='https://www.bloomberg.com/news/articles/2023-11-09/us-says-israel-agrees-to-four-hour-pauses-in-some-gaza-fighting?sref=J9GPLx1B'][U]Bloomberg[/U][/URL]) [*][B]Israeli PM Netanyahu[/B] says does not seek to occupy Gaza ([URL='https://www.reuters.com/world/middle-east/israel-does-not-seek-occupy-gaza-credible-force-needed-netanyahu-2023-11-10/'][U]Reuters[/U][/URL]) [*][B]Netanyahu [/B]says a peace deal with Saudi Arabia was still possible ([URL='https://www.bloomberg.com/news/articles/2023-11-10/israel-hamas-conflict-netanyahu-sees-saudi-arabia-peace-deal-after-gaza-fight?sref=J9GPLx1B'][U]Bloomberg[/U][/URL]) [*][B]Iran[/B] warns about broader conflict ([URL='https://www.reuters.com/world/middle-east/gaza-officials-say-hospitals-come-under-new-israeli-attacks-2023-11-10/'][U]Reuters[/U][/URL]) [*][B]Yellen begins talks with Chinese counterpart[/B], which will include discussions on use of economic tools for national security purposes ([URL='https://www.bloomberg.com/news/articles/2023-11-09/yellen-to-address-economic-security-tensions-with-china-s-he'][U]Bloomberg[/U][/URL]) [/LIST] [HEADING=3][B]CHINA[/B][/HEADING] [LIST] [*][B]China new loans [/B]to have shrunk in October due to seasonal factors ([URL='https://www.reuters.com/world/china/chinas-nov-new-yuan-loans-seen-retreating-policy-support-place-2023-11-09/'][U]Reuters[/U][/URL]) [*][B]Chinese banks [/B]ramp up short-term debt amid liquidity concerns ([URL='https://www.bloomberg.com/news/articles/2023-11-09/china-banks-rush-to-raise-funds-after-cash-crunch-spooks-market'][U]Bloomberg[/U][/URL]) [*][B]China's slow economy [/B]takes 9% off global manufacturers' profits ([URL='https://asia.nikkei.com/Business/Companies/China-s-slow-economy-takes-9-off-global-manufacturers-profits'][U]Nikkei[/U][/URL]) [/LIST] [HEADING=3][B]ECONOMY[/B][/HEADING] [LIST] [*][B]Moody's lowers US outlook [/B]to negative due to wider fiscal deficits and political polarization ([URL='https://www.bloomberg.com/news/articles/2023-11-10/us-s-credit-rating-outlook-changed-to-negative-by-moody-s?sref=J9GPLx1B'][U]Bloomberg[/U][/URL]) [*][B]US consumer sentiment drops[/B] again in November, inflation expectations climb to the highest level since March 2011 ([URL='https://www.reuters.com/markets/us/consumer-sentiment-drops-again-november-inflation-expectations-climb-2023-11-10/'][U]Reuters[/U][/URL]) [*][B]UK GDP stagnated in Q3[/B], justifying increased focus on growth over inflation ([URL='https://www.ft.com/content/612f774d-2d60-4bd3-adb0-ecd1f53fa953'][U]FT[/U][/URL]) [/LIST] [HEADING=2]Industry ETFs[/HEADING] Mon 13 Nov 23, 8:32am (AEDT) [TABLE] [TR] [TH]Name[/TH] [TH]Value[/TH] [TH]% Chg[/TH] [/TR] [TR] [TD]Commodities[/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Steel[/TD] [TD]65.4537[/TD] [TD]+1.42%[/TD] [/TR] [TR] [TD]Uranium[/TD] [TD]26.86[/TD] [TD]+0.64%[/TD] [/TR] [TR] [TD]Copper Miners[/TD] [TD]32.1[/TD] [TD]+0.16%[/TD] [/TR] [TR] [TD]Lithium & Battery Tech[/TD] [TD]47.47[/TD] [TD]-0.52%[/TD] [/TR] [TR] [TD]Strategic Metals[/TD] [TD]55.9[/TD] [TD]-1.13%[/TD] [/TR] [TR] [TD]Gold Miners[/TD] [TD]27.25[/TD] [TD]-1.23%[/TD] [/TR] [TR] [TD]Silver[/TD] [TD]20.34[/TD] [TD]-1.69%[/TD] [/TR] [TR] [TD]Industrials[/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Construction[/TD] [TD]53.14[/TD] [TD]+2.09%[/TD] [/TR] [TR] [TD]Global Jets[/TD] [TD]15.69[/TD] [TD]+1.16%[/TD] [/TR] [TR] [TD]Aerospace & Defense[/TD] [TD]113.96[/TD] [TD]+1.06%[/TD] [/TR] [TR] [TD]Agriculture[/TD] [TD]22.04[/TD] [TD]-0.41%[/TD] [/TR] [TR] [TD]Healthcare[/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Cannabis[/TD] [TD]5.47[/TD] [TD]+0.55%[/TD] [/TR] [TR] [TD]Biotechnology[/TD] [TD]115.53[/TD] [TD]+0.48%[/TD] [/TR] [/TABLE] [TABLE] [TR] [TH]Name[/TH] [TH]Value[/TH] [TH]% Chg[/TH] [/TR] [TR] [TD]Cryptocurrency[/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Bitcoin[/TD] [TD]18.85[/TD] [TD]+2.17%[/TD] [/TR] [TR] [TD]Renewables[/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Solar[/TD] [TD]41.4[/TD] [TD]-0.38%[/TD] [/TR] [TR] [TD]CleanTech[/TD] [TD]8.93[/TD] [TD]-2.08%[/TD] [/TR] [TR] [TD]Hydrogen[/TD] [TD]5.84[/TD] [TD]-7.59%[/TD] [/TR] [TR] [TD]Technology[/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Semiconductor[/TD] [TD]494.77[/TD] [TD]+4.03%[/TD] [/TR] [TR] [TD]Cloud Computing[/TD] [TD]19.0[/TD] [TD]+2.26%[/TD] [/TR] [TR] [TD]Cybersecurity[/TD] [TD]24.67[/TD] [TD]+2.07%[/TD] [/TR] [TR] [TD]Video Games/eSports[/TD] [TD]54.99[/TD] [TD]+1.61%[/TD] [/TR] [TR] [TD]Robotics & AI[/TD] [TD]24.57[/TD] [TD]+1.57%[/TD] [/TR] [TR] [TD]Sports Betting/Gaming[/TD] [TD]15.77[/TD] [TD]+1.28%[/TD] [/TR] [TR] [TD]Electric Vehicles[/TD] [TD]21.91[/TD] [TD]+1.11%[/TD] [/TR] [TR] [TD]E-commerce[/TD] [TD]18.0197[/TD] [TD]+0.78%[/TD] [/TR] [TR] [TD]FinTech[/TD] [TD]19.87[/TD] [TD]+0.56% [/TD] [/TR] [/TABLE] [/QUOTE]

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