October 2026

Warsh Refuses Rate Dot Plot Submission, Hints at Fed Communication Overhaul; Gundlach Bets on Reputation for Inflation, Long Bond Buying Case Strengthens

“New Bond King” Jeffrey Gundlach stated that the newly appointed Federal Reserve Chairman Kevin Warsh emphasized fulfilling the commitment to price stability, significantly reducing the likelihood of substantial rate cuts, thereby notably enhancing the allocation value of long-term U.S. Treasuries. Overnight, the rate-sensitive 2-year U.S. Treasury yield surged by 13 basis points in a single

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ECB President Lagarde Warns AI Could Amplify Financial System Vulnerabilities

ECB President Christine Lagarde has warned that the greatest risk posed by artificial intelligence in the financial sector is not the technology itself, but its potential to exacerbate systemic vulnerabilities. Currently, the European Central Bank has completed targeted reviews of AI and cybersecurity at 109 banks and will send letters to their chief executives urging

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CFTC Releases Draft Regulations for Prediction Markets, Sports Betting Redlined and Election Wagering Granted Exemption

The U.S. Commodity Futures Trading Commission (CFTC) released a draft regulation on predictive markets on Wednesday, drawing a clear red line for sports betting under the category of “gambling,” with contracts related to player injuries and match-fixing deemed contrary to the public interest. In contrast, election wagering is considered “competition” rather than “gambling,” receiving a

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Governments Plan to Boost Oil Reserves Amid Hormuz Crisis, Potentially Supporting Prices

① Governments are planning to enhance oil reserve capacity due to the Hormuz Strait crisis, which may support oil prices in the short to medium term. ② Energy-importing countries in the Asia-Pacific region, such as India and Australia, are seeking to build new reserve capacity to improve energy security. ③ The total demand to fill

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IMO Launches Evacuation Plan for Stranded Seafarers in Strait of Hormuz

On June 23 local time, the International Maritime Organization announced the launch of an evacuation plan for stranded seafarers in the Strait of Hormuz region. IMO Secretary-General Dominguez stated, “This large-scale operation will be carried out in close cooperation with Iran, Oman, all other coastal states in the region, the United States, and the maritime

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Asset Managers File for AI Computing Power ETF Following CME-Silicon Data Partnership

Asset management firms such as ProShares have submitted applications for AI computing power ETFs. Previously, Silicon Data partnered with the CME Group to standardize GPU computing power as a commodity, pricing it based on a GPU benchmark index. The initiative aims to help AI enterprises hedge against fluctuations in computing power costs, analogous to how

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MSCI 2026 Market Classification Review: South Korea Remains Emerging Market

① MSCI released the results of its 2026 Market Classification Review, and South Korea remains classified as an “Emerging Market,” failing to enter the Developed Markets watch list. ② South Korea’s stock market has risen nearly 170% over the past 12 months, but MSCI believes that the limited convertibility of the Korean won in offshore

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SK Hynix Plans $29.4B Nasdaq DR Offering for Fab and Packaging Investments

① SK Hynix plans to issue depositary receipts on the Nasdaq Global Select Market to raise approximately $29.4 billion, with the related securities expected to begin trading on the U.S. stock market on July 10. ② The company stated that the proceeds will be used entirely for facility investments, including the construction of the first-phase

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A U.S. Quantitative Investment Giant Launches a ‘Special’ Hedge Fund

A U.S. quantitative investment giant has launched a ‘special’ hedge fund. Unlike common high-threshold products, this fund does not increase the subscription amount but instead chooses not to open to external clients. In the history of hedge funds, the most premium products have never been on the ‘shelf,’ but rather within the fund company itself.

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S&P Global Report: US Manufacturing Layoffs Near Post-2009 Financial Crisis High

① According to a report from S&P Global, the scale of layoffs among US manufacturing enterprises has approached the highest level since the end of the 2009 global financial crisis, primarily driven by heightened concerns over global demand and rising costs. ② Notably, economic growth momentum remains weak: US annualized economic growth in the first

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