1. The Federal Reserve is expected to continue its easing cycle with a 25-bps rate cut. 2. The weak October jobs report is unlikely to prompt a larger cut. 3. The yield on the benchmark 10-year Treasury has been rising since mid-September, raising concerns about rising debt levels and long-term inflation expectations.

1. Fannie Mae and Freddie Mac preferred stock prices surged 60-80% following Donald Trump's re-election; 2. FNMAT's price more than doubled post-2016 election, with similar gains expected after the upcoming power swap; 3. Key developments include Trump's new Treasury secretary appointment and potential immediate FHFA chief replacement.

1. Donald Trump's election as the 47th President of the United States; 2. His economic strategy focusing on trade, tariffs, and domestic manufacturing; 3. The potential impact on sectors like industrial, manufacturing, banking, defense, and energy.

1. The Fed is about to make its second policy error in as many meetings; 2. The market expects the Fed to cut rates by 25 bps; 3. This may lead to tighter financial conditions.

➀ Ed acknowledges the fun and profit in creating dissent among his colleagues; ➁ He points out the limitations of foreign investment in datacentres; ➃ He counters climate change concerns and job creation perspectives with arguments about datacentre capabilities and employment; ➄ He creates chaos to benefit personally from business and financial contacts.

1. The Fed's aggressive monetary tightening in early 2022 made yield-bearing assets more attractive; 2. Higher base rates pushed down multiples for blue-chip stocks, creating opportunities for durable income investors; 3. The recent rate cut and expectations of further cuts have reduced the opportunity set; 4. Investors can still find high-quality blue-chip businesses with acceptable yields; 5. The article focuses on two high-yielding blue-chip companies included in the author's portfolio.

1. Headline inflation numbers are slightly above the Fed's target, primarily due to shelter cost estimation methods; 2. Interest rates, particularly mortgage rates, remain high relative to ex-shelter inflation; 3. Shelter cost inflation has been high and declining slowly, more slowly than expected.

1. Investors are aware of the Fed's willingness to cut interest rates in response to economic and labor market trouble. 2. With the 10-year Treasury Note yield below 4%, there is limited room for further rate cuts. 3. Even a soft landing scenario suggests nominal GDP growth around 4%, which aligns with historical long-term rate levels.

➀ Taiwan's local government held the '2024 Taiwan Global Investment and Market Trends Forum,' securing approximately $3.8 billion in investment commitments from 21 companies. ➁ The local government official signed a Letter of Intent (LOI) with 12 foreign firms, including Micron, Applied Materials, and NXP Semiconductors, pledging $1.5 billion in investments over the next 3-5 years. ➂ The investments focus on semiconductor supply chain enhancements, covering manufacturing, equipment, and materials, highlighting Taiwan's appeal in the AI wave.

➀ The Indian Cabinet has approved Kaynes Semicon's proposal to establish a chip manufacturing facility in Gujarat. ➁ This approval is a part of India's strategy to enhance its semiconductor manufacturing capabilities and reduce dependency on imports. ➂ The move is anticipated to stimulate further investments in the semiconductor sector and generate employment opportunities in the region.

1. The Wall Street Journal cautions the Fed against lowering interest rates before the presidential election due to potential political implications. 2. The Fed continues to reduce its securities portfolio, indicating confidence in the banking system's liquidity. 3. The M2 money stock remains robust, suggesting ample liquidity in the economy despite the Fed's quantitative tightening.

1. The article discusses the potential economic impacts of a Republican sweep in the US elections, focusing on Trump's policies of protectionism, immigration restriction, and loose fiscal policy. 2. It analyzes the effects of tariffs on US manufacturing, highlighting the negative impact and the potential for a wage-price spiral due to immigration restrictions. 3. The author shares his contrarian investment strategy, buying stocks in renewable energy and real estate sectors, anticipating a market dip.