There are some mornings when the headlines just scream madness. So many improbable events and market moves surround us, we’re in danger of becoming desensitised to the mounting risks. It is ever thus when markets enter the irrational phase. Are we missing the fact Crypto might have captured the White House?

Let’s be dispassionate about the US election result. What kind of upside will a Bonfire of Regulations and Surging Confidence bring to markets? What are the risks of Trump’s new start for US markets? The next four years look… interesting.

This is shaping up as another tense week on the ongoing uncertainty of the US Election. Harris or Trump? Equally important - will either win the whole suite of White House, Senate and Congress, avoiding political gridlock, but potentially unleashing a deluge of uncertainty on the US Bond market?

I admit to being surprised by the Fed’s 50 bp ease last night. It makes sense though: it will ease economic tensions significantly and support the “good” economy in its current stable growth grove. Naturally Trump supporters will be furious: Jay Powell has confirmed the USA is in a good place.

Rates, Inflation, Deficits, the Dollar and the future of everything might just depend on how Tuesday’s televised US Election Debate goes? There will be a winner and a loser. Next week’s Fed Meeting will be more nuanced – but could it ultimately be as important over the long-term?

I just found my best reason to sell Nvidia, confirming we’re at the top of the market. What might come next? How about 20-years of rising inflation, rising rates and a global commodities super-cycle as nations scrabble to secure future strategic resources?

September is the start of the final 3-month rush to complete deals this year – it’s the busiest, most frenetic period of the financial year, and often the most dangerous for markets. What potential shockers lie around the corner?

This is not just about recession or tech stock valuations – it’s a wider everything, including the kitchen-sink, confidence slough of market instability and uncertainty that’l hurt. Next few days might get interesting… Move along now… nothing to see here…

Politics and Corporate Greed are close bedfellows. This week’s market will be driven by the US inflation number and what it means for rate cut timing, but the costs of inflation fall hardest upon the poor. Political populism is driven by inequality and corporate greed, and underlies market instability.

It’s become clear this week the market outlook has changed utterly – higher rates are now the new normal, and that will have consequences on demand at a time when supply remains in flux. Meanwhile, global instability is rising. Markets and populations need to understand reality – while campuses tear themselves appart it is Iran driving the horror in the Middle East, but good luck explaining it to your Keffiyeh wearing kids.