"It is an important milestone that the fund’s market value passed NKr10tn on 25 October...We have delivered good returns for the best of our nation..."
The BOJ is on track to surpass the world's largest pension fund, the Government Pension Investment Fund, as the top holder of Tokyo-listed stocks as early as next year.
Beneath the surface, pressures are building and resilience is eroding, and when the tipping point is reached the transition will not be gradual and controllable, it will be non-linear and uncontrollable...
After last week's inventory draw, crude saw a small build (less than expected) while products saw notable builds (against the recent trend of draws as refinery maintenance season may be coming to an end)...
"[there was a time when]... people actually cared about how much money the Fed was creating, until I guess, they created so much, people stopped caring..."
Tesla's U.S. sales fell off a cliff to $3.13 billion in the third quarter, an astonishing 39% drop that would have resulted in any other auto CEO getting fired.