On My Radar: Pressure Points
Black October, a record $6.4 billion crypto heist, junk-credit spreads near 8% with stocks just 2% off their highs, and margin debt at 4.6% of GDP. Plus the Fed's hawkish hold, record M2, gold below $4,000, Tuesday's midterms, and a fall round at Myopia Hunt Club.
On My Radar: A Game of Reward vs. Risk
Howard Marks's fishbowl, Peter Bernstein on survival, and how we score reward vs. risk, from option collars to direct lending. Plus Peter Boockvar on CNBC and the yen carry trade.
On My Radar: No Clear Off-Ramp
"Things have not materially changed… The exception is the Houthis." A former oil CEO's latest read on Iran, plus jobs, rates and the yen carry trade.