Epstein Files: Senate Agrees To Release Files & Nvidia Earnings Loom

Market Trends & Global Economy - Global equities experienced a selloff, wiping out $1.6 trillion [1][48] - U S equity futures show shakiness, with NASDAQ futures down 03% [11] - S&P 500 down more than 3% this month, with volatility at its highest [10] - Risk assets are being repriced, seen as a healthy correction, not a bear market [10] - Asian markets are under pressure, declining for the fourth day, the longest losing streak since August [5] - Concerns around technology shares valuation are causing pressure, especially ahead of NVIDIA's earnings [5][6] NVIDIA & AI Sector - NVIDIA's earnings are a health check on the AI boom and a catalyst for equity markets [1][3][49][74] - Expectations are high for NVIDIA's earnings, with options markets pricing in up to 7% volatility on each side [75] - NVIDIA holds over 90% of the market for data center usage in GPUs, making it a bellwether for AI infrastructure [76] - The market is looking for conviction about natural demand for AI technology transforming businesses [20] - Hyperscalers like Microsoft and Google account for 40% of total revenue for companies like NVIDIA [19] - There are concerns about circular funding in the AI infrastructure story [81] Geopolitics & International Relations - President Trump described Saudi Arabia as a major non-NATO ally, with a vague pledge from the Crown Prince to invest $1 trillion in the U S [1][22][49] - Saudi Arabia's annual GDP is about $124% trillion, putting the $1 trillion pledge into perspective [25] - China is banning Japanese seafood imports, elevating geopolitical risk between China and Japan [9] - The EU's top diplomat says economic ties to China are weakening the EU's ability to pressure Beijing on Ukraine [39] Monetary Policy & Inflation - U K inflation is expected to ease, impacting the government's budget [2][49] - Traders are split on whether the Fed will cut rates next month [16] - The market is pricing in a December cut from the Bank of England, but that could change based on inflation data [66] - FOMC minutes from the October meeting will provide more color on the decision to keep rates on hold [28][51][89] - U K CPI data is dropping, significant for the Bank of England's actions and the upcoming budget [28] Africa Investment & Economy - African equity markets are delinked from global geopolitics and tariff issues, with most countries growing between 3% and 5% [56] - Five major stock markets in Africa have been up to 40% this year, opening up the window for IPOs [55] - Digitalization and AI are key trends in Africa, with microcredit becoming fintech and finance embedded in specialty chemicals [57] - A private equity firm focused on African investments is managing $3 billion across its funds [52]