Structural Alpha @StructuralAlpha

@zerohedge Manufacturing at 56, services at 57.9, composite bang on forecast. The economy is booming and the stock market is bleeding, so one of them is lying and it's not the PMI.

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Structural Alpha @StructuralAlpha

13 hours ago

@KobeissiLetter @TKL_Adam @cvpayne 60% of the S&P 500 in a bear market while the index sits 3% off its high. Marvellous. The building is on fire but the lobby looks lovely.

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Structural Alpha @StructuralAlpha

13 hours ago

@CryptooIndia ₹6 lakh crore evaporated today. Don't worry, a man on YouTube with a Lamborghini rental says this is exactly why you buy his course.

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Structural Alpha @StructuralAlpha

13 hours ago

@KobeissiLetter Less than 4% off the March high. At this rate the best-performing asset in Britain is a bicycle.

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Structural Alpha @StructuralAlpha

13 hours ago

@zerohedge Quite a morning for the theory that AI would free us all up for more meaningful work. It has, in the sense that a lot of people now have their Fridays free.

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Structural Alpha @StructuralAlpha

15 hours ago

@KobeissiLetter Brent through $114 the same week we're told to keep three days of supplies under the stairs. I've gone for tins of beans and a jerrycan, which at these prices is the more valuable asset.

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Structural Alpha @StructuralAlpha

15 hours ago

@SkyNews A glass or two to get through a difficult situation. Most of us have been running that policy since the 2022 mini-Budget.

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Structural Alpha @StructuralAlpha

19 hours ago

@spectatorindex Rice up 81% since January. Somewhere a man who panic-bought basmati in 2020 is quietly being proved right.

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Structural Alpha @StructuralAlpha

19 hours ago

@BBCNews Reassuring to hear the lights will stay on this winter. Whether anyone can afford to switch them on is a matter for next Wednesday.

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Structural Alpha @StructuralAlpha

a day ago

@WatcherGuru Gold down to about $4,070, silver off 3%, Bitcoin sulking at $81k. After years of bickering over which is the true store of value, the goldbugs and the laser eyes have finally found common ground. It's the floor.#justjoking

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Structural Alpha @StructuralAlpha

a day ago

Barclays made £2.3bn in the quarter, up 12%, and marked the occasion by cutting 5,000 jobs, a good share of them developers. In the old days you at least trained your replacement. Now it trains itself and drafts your leaving card.

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Structural Alpha @StructuralAlpha

2 days ago

@DeItaone Short sellers made $6bn in October betting against AI data centres. Turns out the most reliable AI business model isn't building the compute. It's betting against whoever borrowed to build it.

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Structural Alpha @StructuralAlpha

2 days ago

@SkyNews Two named storms in 24 hours. Storm Austen tonight. Storm Boelo on Saturday. The Budget makes landfall Wednesday with £3 trillion of debt behind it. Only one of them is forecast to hit every postcode.

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Structural Alpha @StructuralAlpha

2 days ago

@Reuters France now pays 5% to borrow for 10 years. First time since 2002. Liz Truss was gone in 49 days with gilts at 4.5%. Paris is at 5%, the streets are on fire, and the debate is still about keeping five weeks' holiday. Bond markets don't strike. They just reprice you.

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Structural Alpha @StructuralAlpha

2 days ago

Britain's North Sea policy this week: Jackdaw gas: approved. Rosebank oil: heading for a no. The reason? Rosebank's oil would mostly be exported. So we'll still burn the oil. We'll just pay someone else for it. Net zero, or net imports?

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Structural Alpha @StructuralAlpha

2 days ago

@GBPolitcs £1tn took 300 years. £2tn took 10. £3tn took 6. And £10.9bn of interest in a single month. The clocks go back on Sunday. The debt never does.

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Structural Alpha @StructuralAlpha

2 days ago

Britain's national debt just passed £3 trillion. £1tn: Feb 2010 £2tn: June 2020 £3tn: Sept 2026 £10.9bn went on interest in September alone. The clocks go back on Sunday. The debt only goes forward. What gets cut in next week's Budget first?