Daily Brief Financials: Nasdaq-100 Stock Index, Hong Kong Hang Seng Index, Federal Bank, Shui On Land, MarketWise and more

• Short basket call on Oct 4/5 and Oct 14. Mid October squeeze rally to recycle shorts unfolded/in line. October 23 and 30 cycle dates linked to a cycle low.
• The key moving parts to form a cycle low center around a DXY peak, the US 10yr yield new high/top and long equity basket lows holding on an SPX low.
• New yield and USD high to align with an SPX low with lead signals stemming from our long basket holding support zones (lead relative signal). Manage swings into late Oct.

• Weekly summary of vol changes and moves across Global Markets
• Analysing ATM volatility and skew changes over the last 5 days
• We suggest a few trades to take advantage of the implied vol surfaces

• Net interest income growth is exceptional, driven by major LDR expansion
• One must not only focus on NIM, although with this bank, there is also expansion
• Credit cost reductions are not a feature here, rather non-interest income supported ROA

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Shui On Land

• The Retail Investing Landscape has changed significantly over the last few years. Pandemic-era stimulus, lockdown restrictions, and the gamification of trading spurred many to enter the markets.
• This, coupled with the growing distrust in institutional investment advisors, has led many to switch away from traditional research reports from Wall Street to independent research and newsletter-focused content, especially for new investment ideas.
• Marketwise, which primarily targets individual investors through its research and analytical tools, has seen a meteoric rise over the last few years due to this phenomenon.