Syz the moment

China Tech ETF $CQQQ: +62% Nasdaq 100 ETF $QQQ: +832% Source: Charlie Bilello

The game of chicken is on...The US government is now just 48 hours away from a SHUTDOWN. This comes less than 3 months after the largest debt ceiling crisis since 2011. Meanwhile, the government is borrowing over $14 billion PER DAY and spending $3 billion per day on interest expense alone. According to Goldman, a government-wide shutdown would reduce quarterly annualized growth by around 0.2% for each week it lasted after accounting for modest private sector effects. Goldman's baseline is that a shutdown could last for 2-3 weeks (the Trump government shutdown, the longest in history, lasted 35 days, from Dec 22, 2018 to Jan 25, 2019). - Meanwhile, Bloomberg also speculates that in an extreme tail event, the maximum hit to 4Q GDP would be a drag of 2.8% if the shutdown lasts for the entire quarter. Source cartoon: San Diego Tribune

It is the chart of India BSE small & medium IPO index Source: Amit Jeswani

>>> Energy as the standout cheap one< trades at a material discount to the S&P 500 due to lower growth characteristics and concerns about the duration of the cycle. Source: Goldman Sachs, TME

Source: Michael Gayed

“We’re going to have a debt crisis in this country (...) How fast it transpires, I think, is going to be a function of that supply-demand issue, so I’m watching that very closely.” Dalio is concerned there are more headwinds for the economy than just high debt levels, saying growth could fall to zero, give or take 1% or 2%. “I think you’re going to get a meaningful slowing of the economy,” Dalio said. Source: CNBC

Source: Charlie Bilello

Money market funds paying 5%+ interest rates have become the new safety trade. Source: www.zerohedge.com, Bloomberg, The Kobeissi Letter Activate to view larger image,