If you are wondering what is driving this sell off for many risk-on assets.Look no further.Market was pricing in a December rate cut(odds were 80%+)Now that the October job data and other relevant financial data is likely NEVER being released...There is limited data for Powell to go off of for December.In turn, the market has uncertainty.You know what doesn't like uncertainty?The market.Hence the price action.Give it a week, and we should have a clearer picture imo for what December will hold. ...

Core Viewpoint - The recent choppy trading reflects market uncertainty following the longest government shutdown in history, which concluded on Thursday [1] Group 1 - The market is experiencing volatility, indicating a lack of confidence among investors [1]

Core Insights - Hiab's profitability has been negatively impacted by lower sales in the US market, leading to a decrease in comparable operating profit margin to 11.4% [10][15][17] - The company has maintained its outlook for 2025, estimating a comparable operating profit margin above 13.5% [4][20] Financial Performance - In Q3 2025, orders received decreased by 3% to EUR 351 million compared to EUR 361 million in Q3 2024 [9][10] - Sales in Q3 2025 fell by 11% to EUR 346 million from EUR 388 million in Q3 2024, with a notable organic decrease of 8% in constant currencies [10][17] - The order book at the end of Q3 2025 was EUR 557 million, down 12% from EUR 636 million at the end of 2024 [9][10] - Services sales increased to 34% of total sales, up from 29% in the previous year [9][10] Segment Performance - The Equipment segment saw a 17% decline in sales to EUR 230 million in Q3 2025, while the Services segment experienced a 4% increase to EUR 116 million [22] - The comparable operating profit for the Equipment segment decreased by 48% to EUR 20.2 million, while the Services segment's profit increased by 24% to EUR 27.3 million [22] Cash Flow and Debt - Cash flow from operations before finance items and taxes was EUR 69 million, a decrease of 53% from EUR 147.6 million in Q3 2024 [14][17] - The company reported a strong net cash position of EUR 308 million following the sale of MacGregor, enhancing its capacity for future investments [19] Strategic Developments - Hiab has initiated a program targeting a EUR 20 million reduction in costs by 2026 to address current market challenges [18] - The company continues to focus on growth in key segments, particularly in North America and Services, while also prioritizing business excellence and M&A activities [18] Market Outlook - Despite current challenges, Hiab remains confident in achieving its long-term growth targets, aiming for over 7% annual growth [18][20] - The company has set ambitious climate targets, which are currently under validation by the Science Based Targets initiative (SBTi) [20]

Core Viewpoint - U.S. stock futures showed a mixed to sharply lower trend due to renewed concerns about the health of regional banks, impacting investor sentiment amid ongoing U.S.-China trade tensions and a government shutdown [1][9]. Premarket Trading and Futures Movements - Dow Jones Industrial Average futures were slightly up by 0.1% to 0.2% after initial declines, while S&P 500 futures dropped between 0.1% and 0.4%, and Nasdaq 100 futures were down between 0.2% and 0.6% [2]. - Russell 2000 futures fell by 0.60% after an earlier 2% drop, indicating broader market weakness [2]. - The Cboe Volatility Index (VIX) rose to its highest level since April, reflecting heightened market anxiety [2]. Current Performance of Major Market Indexes - Major U.S. stock indexes experienced broad declines, with the Dow Jones Industrial Average down by 0.7%, S&P 500 down by 0.6%, and Nasdaq Composite down by 0.5% [3]. - The SPDR S&P Regional Bank ETF saw a significant decline of 6%, contributing to the downturn [3]. Major Stock News and Developments - Concerns over regional banks were heightened by Zions Bancorporation reporting a $50 million charge related to bad loans and Western Alliance Bancorp initiating legal action over alleged fraud [7]. - Major financial institutions, including Bank of America, Wells Fargo, JPMorgan Chase, Citigroup, and Morgan Stanley, experienced premarket losses due to the contagion from regional banks [8]. Earnings Releases - Several prominent companies, including American Express, Truist Financial, and Schlumberger, are set to release their third-quarter earnings, which will be closely monitored for insights into corporate health [5]. Economic Data Announcements - Key economic indicators to be released include U.S. Import and Export Price Indexes, Industrial Production figures with a forecast of 0.1% change, and Capacity Utilization Rate expected at 77.3% [6]. Other Significant News - Gold prices reached a new record high of $4,378 to $4,392 per ounce as investors sought safe-haven assets [10]. - Shares of Novo Nordisk fell approximately 4% after comments from President Trump regarding the cost of its weight-loss drug Ozempic [11]. - Micron Technology shares slid 4% due to plans to halt sales of server chips to data centers in China [12].

Core Insights - The current market uncertainty and volatility, particularly due to tariff news and stagflation, are prompting investors to seek steady income sources [1] - The American Century Multisector Income ETF (MUSI) offers a diversified income strategy with a focus on current income and total return [2] Fund Strategy and Performance - MUSI charges a fee of 37 basis points and invests in a variety of assets including high yield bonds, bank loans, and emerging market debt, without a specific target duration [2] - As of September 30th, MUSI provided a 5.9% 12-month distribution rate and has returned 6.7% year-to-date, outperforming both its category averages and the Bloomberg U.S. Aggregate Bond Index over the last three years [3] - The fund's flexible, model-based approach allows it to adapt to changing interest rates and economic conditions, making it a potentially strong investment option [3]

Core Insights - Wealthy Americans are reducing stock market exposure and reallocating funds into perceived safer assets due to increasing market uncertainty [1][2] - This trend reflects a broader "rotation" towards wealth preservation rather than growth, with a focus on maintaining existing wealth first [2] Investment Trends - There is a notable increase in investments in bitcoin and gold, which are now viewed as secure assets by wealthy individuals [3][4] - Bitcoin's market size is currently only one-tenth that of gold, yet it is gaining traction as a reliable alternative asset during challenging times [4] Performance and Strategy - Members of TIGER 21, who have a minimum net worth of $20 million, reported returns exceeding 20%, but have found it challenging to replicate such returns in the stock market [5] - The long-term investment strategy advocated by Warren Buffett, particularly in the S&P 500, is highlighted as a model that few can emulate successfully [6]

Core Viewpoint - The article discusses various strategies to navigate market uncertainty, emphasizing options-based approaches like Defined Outcome ETFs for balancing upside participation and downside protection [1] Group 1 - Defined Outcome ETFs are highlighted as a viable option for investors seeking to manage market volatility while still participating in potential gains [1] - The article suggests that these investment vehicles can provide a structured way to achieve specific financial outcomes, catering to different risk appetites [1] - The importance of understanding market dynamics and investor behavior in the context of these strategies is underscored [1]

The US government just shut down. Wall Street normally shrugs off shutdowns, but things could be different this week. With the government closed, we won't get Friday's crucial labor market report, and that's a problem because the Fed wants clean labor market data.And it's also coming at a time where the labor market is showing signs of cracking. The stoppage also complicates CPI data collection for the inflation report that's due in just around 2 weeks. And there's one new variable this time.The Trump admin ...

Group 1: Oil Market Dynamics - Oil prices have declined due to a likely technical correction and concerns over a potential larger supply hike from OPEC+ in November, raising fears of a market glut [3][8] - Goldman Sachs has issued a warning that Brent crude could fall to the mid-$50s next year, despite expectations of strong demand from China [3][8] Group 2: Asian Market Sentiment - Asian equity markets are expected to open positively, buoyed by U.S. inflation data that matched market forecasts, easing investor anxieties [4][8] - The broader market remains cautious as investors await crucial U.S. payrolls data, which may be delayed due to a potential government shutdown [4][8] Group 3: Sony Financial Group Developments - Sony Financial Group has announced a significant share repurchase program, planning to utilize ¥100 billion to buy back shares, allowing for the repurchase of up to 13.99% of its common stock [5][8] - This strategic move follows Sony Financial Group's recent debut on the Tokyo Stock Exchange after being spun off from Sony Group Corporation, marking the first direct listing in Japan in over two decades [5][8] Group 4: Japanese Market Performance - Early trading in Japan showed positive momentum, with Benchmark 10 Year Japanese Government Bond (JGB) Futures rising by 0.24 points and Japan's Nikkei Futures advancing by 0.4 percent [6][8]

Core Viewpoint - The first rate cut of 2025 has been implemented, raising concerns about the potential for additional cuts, which contributes to the uncertainty faced by fixed income investors [1] Group 1 - The initial rate cut marks a significant shift in monetary policy, indicating a response to prevailing economic conditions [1] - Fixed income investors are currently navigating a landscape filled with market uncertainties, exacerbated by the prospect of further rate cuts [1]