September 23, 2022 | Interest rates increased for the 5th time in 2022 leaving the benchmark interest rate at 3.25%. While investors forecasted the increase, markets did not foresee the considerable revision by the Fed who revised down US GDP expectations significantly. Source: @thedailyshot

...
Read More

September 23, 2022 | Speculators are listening to the Fed and have bet that in the short-term interest rates will be higher(blue). However speculators are unsure if higher short-term rates also means higher long-term rates(red). Markets are saying there may be tough times ahead. Source: @Quillintel

...
Read More

September 23, 2022 | The US Dollar has increased by +15% YTD. While great for traveling abroad, it isn’t so great for US corporate profits, especially in select sectors who have more business abroad. Look for weakness in those sectors which are adversely affected by a strong USD. Source: @Quillintel, MorganStanley

...
Read More

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

...
Read More

September 9, 2022 | This week the Chinese government amended rules to reduce the need for project down payments, which will increase the availability of credit. This is a welcome reprieve for Europe whose economy is expected to go into recession.

↑ Chinese Credit = ↑ EU Exports
Source: BCA

...
Read More

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

...
Read More