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Official global account of Octa, an award-winning and internationally recognised investing services provider.
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Lula won Brazil’s runoff, and a U.S.-listed Brazil fund fell 15–20% overnight
We sorted 24 hours of trader talk on X and kept what moved markets.
Vote result hits assets
Lula won 51.8% of the vote. He had lost the first round, and no modern Brazilian runoff had seen such a comeback. The fund is listed in the U.S., and overnight volume was low. The Brazilian real and Petrobras shares also (1/2)
came under pressure. The full reaction comes when Brazilian markets open later today.
Also in focus
• Oil pulls back. Brent fell about 1.5–2% from Friday's close near $116.72, to around $114–115. Reports said Qatari mediators were in Tehran.
• A packed week. Five central banks decide on rates, including the Fed on 27 – 28 Oct. Markets expect the Fed to keep rates at 3.75–4.00%. Microsoft, Alphabet, and Amazon also report earnings.
Brazil reacted first. Oil gave some relief. Central banks decide next.
Chip stocks lost 6.7% in one day. Brent closed near $113
We read the last 24 hours of trader talk on X and picked what moved markets.
Double pressure on markets
Meta raised its spending plans, and its free cash flow came under pressure. That revived questions about how much companies can keep spending on AI. The Nasdaq fell 2.6%, its worst day (1/2)
(2/2) since June. Oil rose 4% at the same time, after possible new U.S. and Israeli strikes on Iran, as well as attacks in Saudi Arabia.
Also in focus
• Yields drop fast. The 10-year Treasury yield fell about 0.17–0.19 percentage points. It was the biggest one-day drop in more than a year. The yen and the Swiss franc also rose.
• Bitcoin falls with tech. Bitcoin lost around 3.5–4%. It fell less than chip stocks, but more than the Nasdaq.
Strong results, high costs
The Nasdaq Composite rose 1.05% to 26,702.86. Strong results from AI-related companies, including SpaceX and Super Micro, supported tech stocks.
After the market closed, Meta rose as much as 5% after reporting better-than-expected revenue. IBM also (1/2)
(2/2) gained after strong results from its software and infrastructure businesses. U.S. futures later turned lower.
Also in focus
• AI costs keep growing. Big tech companies have signed long-term contracts for data centres, chips and energy. These costs will be paid over several years. Meta spent $34.91 billion on new equipment and infrastructure in the third quarter.
• Gulf oil flows recover. Middle East oil exports rose above pre-war levels. However, the cost of shipping oil from the Gulf to Asia climbed above $37 per barrel.
Strong earnings helped tech stocks. But companies still need to fund their AI plans. The Federal Reserve meets on 27–28 October, bringing interest rates back into focus.
Chip stocks rose 1.6% and ended an eight-day losing run
We worked through 24 hours of trader talk on X and picked what moved markets.
Tech bounces back
The Nasdaq Composite rose 1.11% to about 26,431. The rise followed tech's worst week in months. The 10-year Treasury yield (1/2)
(2/2) was around 5.13–5.15%. Questions about how AI spending is funded are still open.
Also in focus
• OpenAI seeks $30 billion, according to Reuters. The new money would value the company at more than $1.4 trillion.
• Brent near a five-month high. It briefly turned lower during the day. WTI kept rising and is in the low $100s. Reports said the Houthis claimed attacks on Saudi sites.
Tech won back some ground in one session. The next test is earnings from big tech and AI companies, which come soon.
A silver move is only part of the picture
Before you enter, check the U.S. dollar, gold, bond yields, and the economic calendar. Together, they give you context.
Save this for your next #silver trade!
Insuring Oracle's debt now costs 3% a year
We studied 24 hours of trader talk on X and picked what moved markets.
Funding gets harder
According to reports, Goldman Sachs sees the first cracks in AI-related debt. Higher Treasury yields make borrowing more expensive for AI companies. Much of their new spending (1/2)
(2/2) is paid for with debt. The Financial Times reported growing problems in the $10 trillion AI infrastructure boom. Companies with less cash feel it first.
Also in focus
• China's economy grows 4.5%. That is slightly above the 4.4% expected. Retail sales rose 1.1%. Crude imports fell 21.5% from a year earlier, although refinery throughput increased from August.
• Oil holds near $108. Ukraine hit a Russian oil terminal with a large drone attack. Iran also said two tankers caught fire after hitting mines in the Strait of Hormuz.
Is the pressure on AI debt a short break for tech, or the start of tighter funding?
Producer prices rose 6.3% in a year, yet Treasury yields fell
We went over 24 hours of trader talk on X and chose what moved the markets.
Inflation meets AI debt
Producer prices rose 1.3% in September alone, mostly because of energy. Core prices, without food and energy, rose 0.7%. The 10-year yield (1/2)
(2/2) is now near 5.10%. Money moved into government bonds because of worries about debt at AI companies.
Also in focus
• CoreWeave yields pass 16%. That is the yield on its 2031 bonds. Lenders now ask for a very high return from the AI cloud company. Chip stocks also fell.
• Dow leads, Nasdaq lags. The Dow rose 1.08% to 52,177, and the S&P 500 gained 0.33%. The Nasdaq ended up 0.08% after early losses. Healthcare and other steadier sectors did better than tech.
