February 6, 2023| While the Fed meeting stole the spotlight, the U.S. Manufacturing Index* quietly slowed down more than expected. New orders have hit concerning levels, but it’s the sustained downtrend that is more concerning. *Institute of Supply Management Source: thedailyshot
...February 6, 2023| While the Fed meeting stole the spotlight, the U.S. Manufacturing Index* quietly slowed down more than expected. New orders have hit concerning levels, but it’s the sustained downtrend that is more concerning. *Institute of Supply Management Source: thedailyshot
...December 12, 2022 | With inflation slowing and weaker economic data, markets are ripping up the script, pricing in two interest rate CUTS during ‘23. The idea of rate cuts have moved stocks higher, but markets seem to be putting the cart before the horse, thus being overly optimistic. Source: Bloomberg, FT
...December 12, 2022 | Lockdowns have slowed China’s economy drastically. Infrastructure spending won’t revive the economy alone, there’s a needed increase in construction and/or exports as well. But don’t hold your breath on a recovery, China’s exports are heading in the wrong direction Source: thedailyshot, Gavekal
...December 12, 2022 | Interestingly, while the level of inflation in Europe & the U.S. are similar, the way inflation is derived is different. European inflation is driven by energy prices, while U.S. inflation is broader based. In the U.S., this creates a more challenging job for the Fed. Source: Chartbookailyshot
...December 12, 2022 | Investing could be simply taking advantage of what markets are giving you. While higher interest rates have been tough, it has also opened a new door. Higher interest rates mean municipal bonds could offer a compelling investment opportunity. Source: thedailyshot
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