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Good Morning Everyone!<\/strong><\/p>\n Credit Suisse, one of the world\u2019s largest banks is in trouble. Stock trading at record low, credit default swaps at 2009 highs and CEO says bank is at a \u201ccritical moment\u201d. Buckle up another bumpy week ahead!<\/p>\n Prices as of 4 pm EST, 9\/30\/22; % YTD<\/p>\n U.S. stocks heading for their worst performance since the 2009 financial crisis<\/strong><\/p>\n TSX holding up much better<\/strong><\/p>\n Investors are asking: Are rates and the U.S. dollar peaking?<\/strong><\/p>\n Investors waiting for the sell side to cut their 2nd half 2022 and 2023 estimates<\/p>\n
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<\/p>\n New year-to-date lows to start Q4<\/p>\n
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<\/p>\n Investors positioned defensively: Low cash levels and low hedge fund leverage<\/p>\n
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<\/p>\n The bond market is calmer to start Q4, which should help equities stabilize<\/p>\n
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\n<\/ul>\n HOPE<\/strong><\/p>\n Seasonality is reason for HOPE<\/p>\n
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<\/p>\n Mid-term Q4 quarters tend to have good returns historically in this time period<\/p>\n
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<\/p>\n The S&P 500 is 10% below its 63-day moving average. It\u2019s only crossed that threshold 4 times in the past 10 years.<\/strong><\/p>\n
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<\/p>\n Stocks and Bonds have never BOTH been down year-over-year in 3 consecutive quarters \u2013 EVER<\/strong><\/p>\n
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<\/p>\n Perhaps, earnings season will turn the market around<\/strong><\/p>\n
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\n<\/ul>\n 10yr 3.7%’<\/strong><\/p>\n US$ 112 up 14% in 2022, FX will squeeze U.S. earnings<\/strong><\/p>\n C$ 72.8<\/strong><\/p>\n VIX 31<\/strong><\/p>\n Crude $84 +5%<\/strong><\/p>\n Earnings<\/strong><\/p>\n Solana SOL\/USD<\/span> suffers 4th major outage<\/strong><\/p>\n Former Celsius CEO Alex Mashinsky: confirmed scumbag<\/strong><\/p>\n Digital asset flows <\/strong>(into popular crypto ETPs, mutual funds, and OTC trusts<\/strong><\/em>) last week<\/strong><\/p>\n
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\nMARKET UPDATE<\/h3>\n
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CRYPTO UPDATE<\/h3>\n