Macro

Nominal Retail Sales Jump 1.2% as Fed Hike Sparks a Dollar Rally and Dow Slides

Nominal retail sales jumped 1.2% last week as the Fed hiked 25bp. The dollar rallied 1.1% while the Dow slid 1.7%, with most sectors lower in a risk-off week.

Source: Peak Prosperity

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DW NOTE

A 14.9% annualised nominal retail sales increase with the Fed *raising* rates into it is the signature of an inflation problem, not a consumption boom. When gasoline stations lead the monthly breakdown at +2.97%, you're measuring currency debasement at the pump.

Read the full story at Peak Prosperity →

IEA Sees No Credible Path Back to Pre-War Energy Markets, Paper Details Forms of mRNA Shedding

Today's Digest covers energy markets, Iran's reopening offer, UK warnings of Russian threats, mRNA shedding, FISA withholding, Microsoft buyouts, an AI-flawed court ruling, recruiting immigrant teachers, UK educational outcomes for whites, and advice to start prepping.

Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom

Bitcoin Magazine Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom Bitcoin price recovered from an early-morning low near $79,400 to trade around $80,500 on Tuesday, holding above $80,000 ahead of this week’s Fed decision and the November midterms. This post Bitcoin Price Rests Near $

Nominal Retail Sales Jump 1.2% as Fed Hike Sparks a Dollar Rally and Dow Slides

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IEA Sees No Credible Path Back to Pre-War Energy Markets, Paper Details Forms of mRNA Shedding

Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom

WATCH: Trump says Venezuela sent him 1 million barrels of oil as a 'gift' - PBS

Downside risks are building in gold, but prices still have a path to $5,000 - State Street’s Doshi - Kitco