When flying from Tel Aviv to Las Vegas, the flight itself takes almost no time, but going the other way, you lose a day.
Flight time in both directions is approximately 14 hours and the time difference is 10. So on my way here, I ended up landing just 4 hours after I took off, but on the way back landing is a full 24 hours after takeoff.
Therefore, I regret to inform you that there will be no daily market update on Thursday because for me this week, there will be no Thursday.
eToro, Senior Market Analyst
Fed Rate Cut
Please note: All data, figures, and graphs are valid as of October 30th. All trading carries risk. Only risk capital you can afford to lose.
Today the United States Federal Reserve seems set to cut their interest rates for the third time this year.
With the US stock markets near all-time highs, unemployment near all-time lows, and inflation more or less stable, it’s difficult to see why the Fed would need to be cutting rates so rapidly. Nevertheless, the markets fully expect them to do it and it seems the cut is already priced in.
Investors will also want to hear about the Fed’s operations in the repo market. At present, they’re injecting $75 billion per day into these short term markets, which is supposed to expire on November 4th. Read More...