Limit Up! 7 November 2025

Overnight

Economic Indicators Released Overnight

Comments of government support by OpenAI's CFO spoked investors and the subsequent walk-back made it even worse. The message is crystal clear: there's no more cash in the investment pipeline.

Altman Says OpenAI Doesn’t Want a Government Bailout For AI [Bloomberg]

Chip, AI and tech stocks in general had a bad day, and the question is: does this mark the top?

A dovish hold by the Bank of England was pretty much the only economic event but yesterday was a pivotal moment for markets.

US Equities

Breaking

US Household Debt Hits Record $18.6 Trillion As Student Loan Defaults Explode [Zerohedge]

Milei defies calls to float Argentine peso freely [FT]

Bitcoin

An almost euphoric day yesterday as BTC bounced 1% after the 5% drop the previous day. If this was the bottom we’d expect as least another 2 attempts to get price below 100k, and that’s happening as we speak. Read more

BITCOIN/USD Daily

Commodities

We hoped that yesterday would have given us a close in the channel but it didn’t. The momentum isn’t up therefore down is the only option. Read more

SILVER/USD Daily

Foreign Exchange

Momentum has gone for now, and DXY lost a lot of ground yesterday after 5 up days. Up the stairs and down the elevator. The Ministry of Finance comments usually get markets to challenge them but it didn’t happen. Read more

USD/YEN Daily

Equities

The train never stops is about government printing money out of thin air. If OpenAI needs government support, they were testing the market, and Elon gets a $1T package, then clearly the value of money is disconnected from value. Read more

S&P 500 Daily

Economic Indicators Today

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