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Global Macro & Market Structure Funding, Liquidity, Volatility Regimes High‑signal insights for serious traders No narratives - only data‑driven structure

🇮🇹Worldwide 🇮🇹
Joined April 2016
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Market Structure > Opinions. 📊 I filter the noise to deliver high-probability Macro insights and institutional data. 🎯 Focus: HTF Levels & Global Liquidity. 🚫 No hype. No noise.
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Fed's Chair Warsh: Inflation remains elevated.
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ANFCI increased in the latest week to –0.50. Risk indicators contributed –0.33, credit indicators contributed –0.14, leverage indicators contributed –0.06, and the adjustments for prevailing macroeconomic conditions contributed 0.03 to the index in the latest week.
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NFCI was unchanged at –0.49 in the week ending October 23. Risk indicators contributed –0.25, credit indicators contributed –0.14, and leverage indicators contributed –0.09 to the index in the latest
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The Federal Reserve Adds Another Layer of Uncertainty Technology earnings are not the only major catalyst this week...
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Together with Meta Platforms and Oracle, these five companies are expected to spend approximately $800 billion on capital expenditure this year.
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The $800 Billion Question The spotlight now turns to $Alphabet(GOOG)$ , $Microsoft(MSFT)$ , and Amazon, whose upcoming earnings reports could determine the market’s next move.
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$VIX All Exp - weekly Exp today
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The tightening cycle may be slowing, but the debate is far from over… For the first time in months, the market's focus is shifting from growth potential to funding requirements…
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Last week's volatility exposed a growing concern beneath the AI narrative. Investors initially welcomed earnings from major tech leaders, but sentiment shifted after management teams indirectly acknowledged a reality many had been underestimating:
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the next phase of AI development will require significantly more capital than previously anticipated.
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Markets are heading into one of the most consequential weeks of the quarter, with two forces competing for investor attention: AI spending expectations and the Federal Reserve's next move.
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CFNAI increased to +0.07 in September from –0.08 in August. Three of the four broad categories of indicators used to construct the index increased from August, and two categories made positive contributions in September.
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The index's three-month moving average, CFNAI-MA3, increased to +0.03 in September from +0.01 in August.
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In a market obsessed with AI opportunity, the real risk may be the growing cost of chasing it…
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Two of the biggest names tied to the AI buildout, $SpaceX(SPCX)$ and $Meta Platforms, Inc.(META)$ , are beginning to send the same message: future growth will require enormous amounts of capital.
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For months, investors have focused almost exclusively on the upside of the AI revolution. What’s receiving far less attention is the growing cost of turning that vision into reality.
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Next week could provide the market with some much-needed clarity. $Microsoft(MSFT)$ , $Amazon.com(AMZN)$ , and $Alphabet(GOOG)$ are all scheduled to report earnings, putting the profitability of AI investments firmly in the spotlight.
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