Monday Market Open

Good morning bro,

I hope you had a good weekend, but now it’s time to focus on the week ahead. Good thing you’re in the right place to do prepare yourself for the week.

So, with that said, let’s get after it…

(Also, take a look at the new referral program at the bottom of this email. Cash rewards now on offer!)

Market Indices & Commodities

News
The Recap

In case you missed it, forgot, overslept, drank too much, were traveling, or whatever the case may be…

• Wise CEO fined over $450,000 over ‘tax issues’ 👮‍♂️

• Israel attacked Iran on Friday with missiles 🔫

• BRICS summit was held in Russia last week 🗓️

• North Korean troops are in Russia and about to fight against Ukraine 🇺🇦

• Japan’s PM vows to stay on after snap election loss 🗳️

Graph of the Day
Countries with Most TikTok Users

News
This week

Another big week of earnings, news, economic data, events, the whole 9 yards. Get the scoop on what is important to know for this week.🎯

• Monday - Ford and ON Semiconductor earnings. Canadian Wholesale Sales for September will be announced.

• Tuesday - Crocs, HSBC, Novartis, Adidas, McDonalds, Pfizer, PayPal, Reddit, Royal Caribbean Group and Visa earnings. Japan will also announce their unemployment rate (forecast to stay at 2.5%) on Tuesday,

• Wednesday - Hitachi, Airbus, UBS, Caterpillar, Coinbase, Microsoft, Meta, Etsy, eBay earnings. UK also announces its budget for the next year.

• Thursday - Shell, Uber, Mastercard, Amazon and Apple. A big day for earnings.

• Friday - Mitsubishi earnings, and fuck all else interesting.

Now You Know 
Oil Prices and War

Oil prices fell sharply this morning in Europe. Brent Crude, the international benchmark was down 6.1% at $71.40 a barrel in European trading. Why? Well that’s where it gets interesting.

Israel’s attack on Iran over the weekend avoided oil refineries and nuclear facilities. This led to Iran’s supreme leader signalling that he would only give a more moderate response and did not give any direct threats of retaliation towards Israel. As such, most investors think that these “tit-for-tat” attacks between Iran and Israel are contained and won’t erupt into all out war. This perceived reduction in hostilities is what caused the sharp fall in oil prices.

So, long story short, the more stable the world is, both economically and politically, the lower the price of oil goes, and vice versa.

This is why the price of oil is so hard to predict, it’s near impossible to predict massive global events accurately and consistently.

^{_{Thank You}}
That’s all Folks

Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.

Cheers,