Did a honey-trap catch the chip man?

• Three-way talks between the US, Russia, and Ukraine are giving hope for a peaceful resolution of the Russia/Ukraine war. The Democrats’ resounding win in the US midterms makes peace with Iran more probable.
• US inflation beat expectations for the third straight month (+0.4% between September and October), which took some of the shine off the S&P 500, which had its best session on Monday since April. All this after the tech stocks shredded trillions (yes, trillions!) over the preceding two weeks.  US rates are now widely expected to rise in December.
• Reading about Nvidia (the world’s most valuable company) and its CEO having an affair with an (alleged) Chinese spy is like reading a Le Carré book.
• On the commodities front, Brent oil dipped below $US90 for the first time since August, as Trump’s comments fuel hope for an end to the Iran war. Gold is up at $US4,030.
• The S&P ASX 200 is up at 9,147 as I type (a two-month high). The Aussie dollar is down, trading at US.6866c.
• New listings are up, with REIWA reporting 9,523 properties available for sale (houses, units and land) compared with 2,942 the same week last year. Sales volumes are markedly down.
• Call me for a confidential discussion about the nuances of the current market.
• LEST WE FORGET

Jody Fewster
Please contact me on 0414 688 988 or by email at jody.fewster@raywhite.com
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