Bulls and Bears - (TDI Podcast running now is Bull and next week is Bear - will be interesting divergence)

End of the Month - End of The Quarter

Seasonality features the Bulls

Fed Limericks!

NEW CTP ANNOUNCED!

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Warm-Up

- Bulls and Bears - (TDI Podcast running now is Bull and next week is Bear - will be interesting divergence)

- Strike Update - could be an issue

- Another Strike - different kind - Israel and Iran

- VP Debate tonight

Markets

- End of the Month - End of The Quarter

- Seasonality features the Bulls

- Good quarter - setting up for more gains?

- Question - Capital Gains??

- Inflation (PCE) Update

--- Fed Limericks ....And another  AI generated CoverArt - what do you think?

ANNOUNCING CTP for INTC

Market Selling Off

- Iran sending in missiles to Israel started a general concern

- VIX popped over 20 for a minute

- Markets down 1%++, but found reasons to try to come back mid day

Inflation

- Inflation moved closer to the Federal Reserve's target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday.

- The personal consumption expenditures price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%.

- Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago. Fed officials tend to focus more on core as better measure of long-run trends. The respective forecasts were for 0.2% and 2.7% on core.

Euro Cars - Not Good

--- Blaming China....

- Stellantis on Monday trimmed its 2024 annual guidance on the back of deteriorating "global industry dynamics" and bolstered competition from China

- The French-Italian conglomerate, known for brands such as Chrysler, Dodge, Jeep and Maserati, warned of lower-than-expected sales "across most regions" in the second half of the year.

- Stock down 8% on the news

- UK-based Aston Martin Global Holdings PLC has signaled that it expects lower profits for FY24 due to supply chain disruptions and a decline in sales in China. According to its trading update, the company now expects its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) to be slightly below FY23 levels.

- In addition, it no longer expects to achieve positive free cash flow in H2 2024. Following the update, AML shares crashed by around 24% as of writing.

- Stock down 43% YTD

- What about RACE, Ford and others?

China

- WOW - Best Rally n Monday since... 1998?

- Shenzen and Shanghai index up 8% on the back of:

---China's factory activity contracted for a fifth consecutive month in September as the world's second-largest economy struggles to revive its growth momentum.

- China's industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday.

------ That followed a 4.1% year-on-year increase in July, the fastest pace in five months.

-------Industrial profits covers factories, mines and utilities in China.

-- While the data was better than expected, anything that shows weakness in the economy will be met with expections that there will be more easing....

-- Note: FXI (Hang Seng, up 2% - Could be time for short on parabolic move??)

Hang Seng

Interesting Tape

- Headline at 11:30am Monday : Israel tells US that it is planning a imminent ground operation in Lebanon, according to Washington Post

- Oil is steady

- Markets turn positive

- VIX falls abit

- No fear of further escalation?

Asia

- Getting weird

- Japan's Nikkei falls over 4%,