A 6-sigma beat

And SMCI signals concern
 
   
     

Wednesday, October 30th
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“The hardest thing to learn in life is which bridge to cross and which to burn.” 

- Bertrand Russell
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Markets Today
 
 
🌏 Asia-Pacific: Down
 
🇪🇺 Europe: Down

🇺🇸 United States: Up

🛢️ Oil: Up

Crypto: Down
​​​​
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6 sigma beat: New job openings blow away forecasts (link)
 
Liquidity concerns mount: The Treasury is giving the financial system emergency injections (link)
 
SMCI signals top? They’re auditor says “Not anymore.” (link)
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🤔 My Thoughts 
 
 
Today is a day of bafflement. The ADP jobs report came in at a six-sigma beat over forecasts. If you know statistics, you should know that this SHOULD be impossible. So, something is wrong with the measurement, something is wrong with the analysis, something is wrong with first principles. 

Not only that, but SMCI has been up to some fishy accounting. So fishy, that EY refuses to sign their audits anymore. Enron vibes, maybe?
To Better Trading,

Alex Reid
Wealthpin
 
WealthPin
   
     
   
 

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