Markets are on tilt. Why is SpaceX suddenly reporting today?

Today, we look at the markets trying to get back in a positive mood yesterday in the US, but with the broader market and the rest of the world not having any of it as oil prices surged once again and as the situation in France continues to fester. Discomfort with stability of AI "neo-cloud" companies is also weighing. With earnings season hitting full swing this week, we wonder why SpaceX is suddenly set to report earnings today. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Links

• Bloomberg covers what needs to happen to get French yields under control (bloomberg.com/opinion/articles/2026-10-20/fran…), which mostly boils down to cutting the transfer payments to old people. At least they might be less likely to riot and set things on fire? Here'san excellent take on the why of the French riots (petermccormack.substack.com/p/french-riots-we-…), with a hat-tip to Izabella Kaminska for the link.

• Business Insider reports on Amazon's racks of AI servers not able to connect to the grid (x.com/edzitron/status/2112336168784134484).

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