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
...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 | 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
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
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