Global bond markets are under real stress today. US 10-year yields hit their highest level since 2023. UK borrowing costs touched a high not seen since 2008. Japanese government bond yields reached peaks last seen in the 1990s. The Federal Reserve's Chris Waller signalled he is "inclined" to keep rates on hold, giving little relief to bond bears. Energy is adding to the pressure. European natural gas reached a three-year high, pushing inflation fears back onto the agenda.
AVGO is the session's defining earnings story. Broadcom posted Q3 AI revenue up 221% year-on-year. Shares fell anyway — soft guidance spooked the market. Multiple analysts raised price targets following the print. The options market had flagged two-sided risk all week. SNOW is also in focus after Canaccord Genuity raised its target to $450, maintaining a Buy. NVDA and MU both lead options flow with heavy two-way positioning. Traders are buying both calls and puts — not picking a direction.
DELL grabbed analyst attention. Truist lifted its target from $360 to $505. Evercore ISI went to $575. Both kept positive ratings.
Bill Gates filed disclosures showing he bought roughly 2.46 million shares of RSG (Republic Services) between August 18 and August 31. Total value: approximately $544 million. The steady accumulation across 38 transactions looks deliberate. Separately, an NVDA board director sold around $410 million in shares, filed September 2.
PFE (Pfizer) signed a co-development and licensing deal with Medicus Pharma for a CD228-targeting cancer therapy. Pfizer pays $12 million upfront and is eligible for over $1 billion in milestones.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
