September 23, 2022 | We have previously highlighted the slowdown in the US housing market. This week though the number of multi-family home starts surprised to the upside. Housing construction is a great forward indicator of economic activity & a welcome sign. Source: @thedailyshot
...September 9, 2022 | Keep your eyes on the money. The highest income earners spend the most in the US. Surveys have highlighted their worry and it is finally getting reflected in the numbers. Lower spending by this group is not good. Let’s hope 3 months doesn’t make a trend. Source: BoA, @thedailyshot
...September 9, 2022 | CB raised interest rates by 0.75% this week, the last of the major central banks to do so Inflation concerns are pervasive. The tightening of monetary policy globally marks the dawning of a new regime: Heighten volatility and harder to achieve real returns. Source: @thedailyshot
...September 2, 2022 | The IPO market being effectively closed this year is not a good sign. IPO markets provide an important source of liquidity and are thus a great indicator of broad liquidity in markets.Look to the IPO markets as a sign a loosening policy. Source: @thedailyshot, WSJ
...August 26, 2022 | Gold and its role in a portfolio is in question, as it has not provided the typical hedge against inflation and drop in markets. Interestingly, gold has performed as expected for international investors. I guess investors weren’t expecting a +13% increase in the US Dollar. Source: @Gavekal
...August 12, 2022 | Credit card spending continues to march upwards. While consumers may be funding higher prices with credit cards, spending is spending. More Spending = More Profits, which is good for markets. If spending slows down, look for markets to become more bearish. Source: @thedailyshot
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