It’s going to be a pivotal moment for the Milei trade — and nobody wants to be caught on the wrong side of it again https://t.co/5zhT4EbhRN ...

Ontario Premier Doug Ford appeared to stand by a television ad that angered Donald Trump and prompted the US president to call a halt to trade talks with Canada https://t.co/UlnqGDOwHS ...

Trump Says Trade Talks With Canada ‘Terminated’—Blames ‘Fake’ Anti-Tariff Ads Featuring Reaganhttps://t.co/yJ3qOIrZ2s https://t.co/N4RtDuFCEq ...

RT BBC Breaking News (@BBCBreaking)Trump says US terminating all trade talks with Canada due to anti-tariff advert https://t.co/mHFtJzVXMC ...

Market Sentiment & Trade - Market views any positive developments in China trade favorably [1] - Market had shifted focus away from trade until recent trade tensions resurfaced, impacting AI-related sectors due to rare earth material concerns [2] - Market sentiment is currently focused on a strong economy, positive earnings, and potential rate cuts [3] - China trade headline risk is present, but not viewed as material risk based on CH's calm reaction [6][7] Momentum & Rotation - Market experienced a momentum unwind, potentially nearing its end, with the first negative month in seven and declines in MTUM names [4][9] - Despite the momentum unwind, the overall market remains up, indicating a rotational move rather than outright distribution [10] - Momentum shakeout hasn't significantly impacted broader market sectors; some sectors like healthcare and discretionary are improving [11][12] - Debate exists whether the momentum unwind is over or still in progress, with Morgan Stanley suggesting it's only halfway through [9] Sector Performance & Economic Indicators - Defensive sectors, like healthcare, are outperforming in October, potentially due to profit-taking and rotation into underperforming assets [5] - Banks are showing slight weakness, but overall, leaning into strength is still favored [8] - High yield CDX remains relatively calm despite bankruptcies, indicating no significant deterioration in credit markets or consumer stocks; consumer stocks may be reaccelerating [7] - Utilities' performance is tied to power and AI, diminishing its reliability as a defensive sector indicator [14] Market Breadth & Global Markets - Market breadth remains relatively strong, with a significant percentage of S&P 500 companies above their 200-day moving average [15] - Global markets, including China, Japan, and Europe, are reaching new highs, indicating no widespread negative impact from the momentum unwind [12]

The Problem With the ‘Sell America’ Trade https://t.co/t8S7ty4LBO ...

China says Vice Premier He Lifeng plans to meet with US officials in Kuala Lumpur from Oct 24 to 27 for the next round of trade talks https://t.co/qUTHUVuEoA ...

Prime Minister Mark Carney said Canada will aim to double its exports to markets outside the US by 2035 to net an extra C$300 billion ($214 billion) in trade https://t.co/qTmWsg6cfZ ...

On today’s Big Take Asia podcast: How China has cornered the market for rare earths and how it’s weaponizing that dominance ahead of a consequential trade meeting between Xi Jinping and Donald Trump https://t.co/XefPuK1QEc https://t.co/TBTpGspeN4 ...

BREAKING: 🇺🇸🇨🇳 Trump’s trade chief Greer confirms the Trump–Xi meeting remains on schedule. https://t.co/a80oayIVNL ...