August 28, 2023 | Fresh data from Germany hints at an economic slowdown. Why It Matters: China’s economic ripples are washing up on German shores. The European Union’s performance will be our key indicator if China’s demand is on the upswing again.Source: thedailyshot
...August 28, 2023 | Initial Pulic offerings (IPOs) and capital markets are still mostly shut — barely outpacing 2022. Why It Matters: Surprising… Even with yhe stock market moving higher, capital markets aren’t bustling. Could this signal the stock market’s strength isn’t as solid as believed? Source: dailychartbook
...August 28, 2023 | The U.S. 30 year mortgage rate soars to 7.57%, the highest in 20+ years. Why It Matters: The spread between mortgage rates and long-term U.S. bonds suggests if rates surged too quickly. Signs now? The quick sprint could lead to an upcoming slowdown. Source: Source Financial Advisors
...August 21, 2023 | Rising worries in China = more savings, despite the low mortgage rates; and a historic drop in mortgages.
Why It Matters: The residential property sector is uniquely vital to China’s economy, and boosting consumer confidence to spend is pivotal for its recovery.
Source: Gavekal, thedailyshot
...August 21, 2023 | U.S. businesses beat expectations, posting strong profits, even with higher interest rates and lower consumer confidence.
Why It Matters: Despite solid earnings, stocks aren’t reflecting it. Global growth fears are overshadowing corporate performance.
Source: axios, dailychartbook
...August 21, 2023 | Long-term U.S. interest rates soar to their highest levels since 2008.
Why It Matters: Rising rates can shift the landscape – as bonds become more appealing due to higher yields, money may flow out of equities, potentially shaking up the stock market.
Source: Source Financial Advisors
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