Wall Street was rocked by a huge plunge in orders for ASML, a company which produces machines that touch practically every part of the global economy. That was followed by another four-letter firm, LVMH, which reported a shock decline in revenue. Both showing the same thing from very different angles, further confirming - along with swap markets - why there will be another leg down in interest rates.

Eurodollar University's Money & Macro Analysis

ASML Home
https://www.asml.com/en

ASML Q4 2023 Results
https://www.asml.com/en/news/press-releases/2024/q4-2023-financial-results

ASML Q3 2024 Results
https://www.asml.com/en/news/press-releases/2024/q3-2024-financial-results-dd3ac76a9d4d0f8c

Intel Q2 2024 Financial Results
https://www.intc.com/news-events/press-releases/detail/1704/intel-reports-second-quarter-2024-financial-results

LVMH Q3 2024 Results
https://www.lvmh.com/en/publications/lvmh-shows-good-resilience-in-the-current-context

NYT Shares of Louis Vuitton Owner Drop on Anxiety About Chinese Shoppers
https://www.nytimes.com/2024/10/16/business/dealbook/lvmh-dior-louis-vuitton-china.html

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Worldwide Demand Nosedives 50% for Vital Economic Goods