June 5 2023 | Credit default swaps on a potential U.S. default collapse as Republicans & Democrats come together to pass the debt ceiling. Why It Matters: This couldn’t have happened without bipartisan support. So, our government can actually compromise. Source: thedailyshot
...June 5 2023 | With the debt ceiling in the rearview, the U.S. Treasury needs to rebuild its cash levels. Why It Matters: U.S. Treasury’s cash spending added market liquidity. However, rebuilding its cash balance could have the opposite effect and may spike near-term volatility. Source: Gavekal
...June 5 2023 | The Fed’s inflation gauge just ticked ever-so-slightly higher. Why It Matters: Not the ideal scenario. We need inflation to keep trending downward. Otherwise, it’ll give the Fed reason to keep hiking rates. Source: Torsten Slok
...June 5 2023 | Chinese manufacturing underperforms, falling short of expectations. Why It Matters: China being the 2023 wild card and pulling the global economy out of a slowdown with pent-up COVID spending seems increasingly less likely. Source: thedailyshot
...May 22 2023 |Sneaker sales have slowed and footwear companies are amassing troves of unsold shoes. Why It Matters: Sky-high sneaker prices were a symbol of consumer extravagance. The slowdown suggests a necessary recalibration from excess, bringing us back down to earth. Source: thedailyshot
...May 22 2023 |The Interest Coverage Ratio gauges how much of a company’s profits go to interest expenses.
A high ratio = company profits significantly exceed interest expenses. Why It Matters: A strong ratio is encouraging, indicating that companies remain profitable. Source: Torston Slok
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