Daily Grin #22 - Fri 27th Oct

#22

“When the ideas are coming, I don't stop until the ideas stop because that train doesn't come along all the time.”

- Dr Dre, rap artist

My Top5 Financial News stories to help prepare you for the day.

1. ECB holds rates after 10 consecutive hikes which was within consensus

2. Amazon Earnings beat Revenue expectations but the stock went down after a brief push upwards.

3. US Nominal GDP jumped higher than expected at 4.9% from the prior Q2 to hit $27.5 trillion

4. US Treasuries caught bids yesterday as USD/JPY was resilient above $150.

5. SPX closed down 1.18% at $4,137 with $200 billion wiped from equities, largely from the Mega Cap sell off.