Make sure to check out Interactive Brokers above as idle cash now will yield more than 4.5% as the Fed just raised rates.
Key Investing Resource: Strategist Larry uses Interactive Brokers as his core brokerage. Feel free to check out IB. I currently park excess cash at Interactive Brokers. Check it out. It’s a great brokerage.
In our emails, we will provide the following coverage points:
Global trade is undergoing significant changes due to geopolitical shifts and a push for deglobalization, primarily driven by Washington’s efforts to protect strategic industries through reshoring.
According to Bloomberg data, mentions of "nearshoring," "reshoring," and "onshoring" in corporate earnings calls have surged 216% year-over-year since the start of 2022.
Since President Biden's inauguration, private companies have committed to $516 billion in domestic investments, building on reshoring trends initiated during former President Trump’s tenure.
This reshoring movement aims to mitigate risks exposed by the pandemic and high-profile shipping disruptions, with companies accelerating plans to move production closer to home.
Government stimulus, while not the primary driver of these trends, has helped sustain and extend the demand.
The U.S. economy added a staggering 336,000 jobs in September, defying expectations of a slowdown, with the unemployment rate holding steady at 3.8%, according to new data from the Labor Department.
Wall Street economists had expected employers to add 173,000 jobs during the month, per a Bloomberg survey. The unemployment rate was expected to edge down to 3.7%.
Hourly earnings are up 4.2% over the last 12 months, which is the lowest since June 2021.
Chart That Caught Our Eye
Analyst Team Note:
While Israel’s role in global oil supply is limited, the bloody outbreak threatens to embroil both the US and Iran. Iran has become a major source of extra crude this year, alleviating otherwise tightening markets, but additional American sanctions on Tehran could constrain those shipments.
Any retaliation against Tehran — amid reports that it helped to plan the attacks — could endanger the passage of vessels through the Strait of Hormuz, a vital conduit that transports much of the world’s crude and which the Iranian government previously threatened to close.
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