The AEX index is +0.3% in one short Stock Exchange Week, because America celebrates this week Thanksgiving And the black Friday. Markets are closed on Thursdays and only half of them are open on Wednesdays and Fridays.

• European futures open below or just above zero
• The US should return 0.4%
• In Asia, almost everything is red with Hong Kong up to -2.0. Tencent is doing -1.8% there
• Volatility (CBOE VIX Index)
• The dollar rose by at least 0.6% to 1.0260 and I don’t see why easily
• Gold is down 0.3%, oil is down 0.9%, cryptocurrencies are down by a percentage, and so on more

The dollar is down, stocks may be directionless and interest rates have to come back up again, which is not an obvious riddle to the stock market.

German (orange) and US ten-year interest rates are still on an upward trend, but are starting to lose momentum. This is getting more sideways.

And look what just happened, you’ve never seen such a German windfall before.

We hope to say it again this week with the first estimates of PMIs, the most important macros this week. The consensus is slightly lower than last time. Just like the silent bear market that has been going on for a long time now, we’re not heading into a recession itself, are we? maybe you can be.

The action on cryptocurrencies is back today, here are bitcoin (orange) and ethereum:

No news if I get it right quickly…

A Complete Failure of Corporate Controls: Read the wildest parts of FTX’s new bankruptcy filing https://t.co/C9zuvhwqZO

– Bloomberg Crypto (@crypto) November 21, 2022

This review of FTX’s new CEO, who is allowed to clean up the rubble, about his predecessor is already a stock market classic. Source above:

With the holiday season underway, we’re already closing in on earnings season. For the rest of the year we will do with the flat round of macros and still no interest rate decisions – this week there are minutes of the latest decisions from both the Fed and the ECB. How to do at the market level with a one-year bear market?

These are the expected price/earnings ratios for a set of indicators. Yes, under the pressure of interest rates, stocks are much cheaper. AEX until almost half. With prices rising in recent weeks, stocks are getting more expensive again…

… Because profit expectations are falling, they are really just quibbles. In the past, earnings have fallen 40% in a slight recession.

Vopak has one newsletter Without financial resources and seeing if she can keep the ascending omentum.

News, short tips and agenda

Top ABM Financial news since yesterday’s Amsterdam close.

• 08:20 Walt Disney brings back Bob Iger as CEO
• 08:10 German producer prices fell for the first time in a long time
• 07:56 AEX is likely to start the week trading somewhat flat
• 07:27 DGB begins developing a CO2 project in Uganda
• 07:20 Vopak works with Petronas
• 07:16 The Netherlands is investing more again
• 06:58 Consumers are a little less pessimistic
• 06:55 European stock markets are expected to open lower
• 06:48 Stock Exchange Agenda: Macroeconomics
• 06:47 Stock Exchange agenda: foreign funds
• 06:46 Exhibition agenda: Dutch companies
• November 20 minutes, buyers on the roll
• November 20, Trump is back on Twitter
• 08:20 Walt Disney brings back Bob Iger as CEO
• 08:10 German producer prices fell for the first time in a long time
• 07:56 AEX is likely to start the week trading somewhat flat
• 07:27 DGB begins developing a CO2 project in Uganda
• 07:20 Vopak works with Petronas
• 07:16 The Netherlands is investing more again
• 06:58 Consumers are a little less pessimistic
• 06:55 European stock markets are expected to open lower
• 06:48 Stock Exchange Agenda: Macroeconomics
• 06:47 Stock Exchange agenda: foreign funds
• 06:46 Exhibition agenda: Dutch companies
• November 20 minutes, buyers on the roll
• November 20, Trump is back on Twitter

AFM reports this Shorts:

Just a quick look, the price is moving even more brutally:

schedule of work:

10:30 Alvin – Bava

22:00 Zoom Video Communications – US Third Quarter Results

06:30 Consumer Confidence – Nov (NL)
06:30 Investments – Sep (NL)
08:00 Producer Prices – October (Germany)
14:30 Chicago Fed Index – Oct (US)

Oh yeah, Zoom: Remember? This was also… say zoom in and out.

Then this

He. She Do it or quit Retailer season is now approaching:

It will be a Black Friday test for retailers in the US, and the soccer World Cup boom will take off with great risks for host nation Qatar. Here’s a look at the coming week in business and finance. Read more https://t.co/vNR9yKalIh pic.twitter.com/RUbL9OSlEo

Reuters Business (ReutersBiz) November 19, 2022

Curious recession shares a lot?

In September 2022, the size of the # investments in tangible fixed assets is 4.4 percent higher than twelve months ago. In particular, more has been invested in buildings and aircraft.https://t.co/E4Ymu2Kb8M pic.twitter.com/6uT36sC8oX

– CBS (@statisticcbs) November 21, 2022

Reuters did not name:

The collapsed FTX owes about $3.1 billion to the 50 largest creditors https://t.co/uzgsvliD26 pic.twitter.com/sZsqirg3dP

Reuters Business (ReutersBiz) November 20, 2022

bloomberg does:

Bitcoin, Ether and meme token Dogecoin slide as FTX crisis and funds transfers drained from the platform shake up the cryptocurrency market https://t.co/wy2ozC50pF

– Bloomberg Markets November 21, 2022

Surprise! A year after he left:

Appointment of Bob Iger CEO of Disney effective immediately https://t.co/DQHwLBW9lI

– CNBC (CNBC) November 21, 2022

Dear God, how much does Elon Musk think about you? Do you also…

A criminal trial is about to begin in South Korea hanging over questions about the safety of Tesla cars, at a time when the electric car maker faces a slew of lawsuits and growing scrutiny from regulators. Read more: https://t.co/chMIwLRuY2 pic.twitter.com/F5Mlqygnbf

Reuters Business (ReutersBiz) November 21, 2022

Who is surprised?

China continues to boost Russian energy imports, with purchases of natural gas, coal, crude oil and petroleum products rising to nearly $60 billion since the invasion of Ukraine, from about $35 billion a year ago. https://t.co/dysYm5zty2

– Bloomberg Markets November 21, 2022

something with Stranded assets…

Japan warns that global competition for LNG will intensify over the next three years due to a lack of investment in supplies https://t.co/7WrZkX90SM

– Bloomberg Markets November 21, 2022

Bull market excesses always appear in a bear market:

As bad as the FTX collapse may be, it is just the latest in a series of major financial meltdowns that we have seen in recent years.

David Westen shares his book “One More Thought” with Wall Street Week https://t.co/A7owaPk49G pic.twitter.com/5zNdLg4lI2

– Bloomberg Markets November 21, 2022

Then the bouncer, Donald is allowed to tweet back from Elon, but he still has a thumbs up 🙂

It only leads to temptation… pic.twitter.com/8qNOXzwXS9

– Elon Musk (@elonmusk) November 21, 2022

Enjoy and good luck today.