From expecting 6 Fed rate cuts to just two in 2024 😉
Source: Markets & Mayhem
Tiger Woods’ Putter Choice Has Created an Asset Class
It’s no surprise that Tiger Woods is also regarded as one of the greatest putters ever. Putters hold a unique place in golf blending personal attachment with performance, and if you’ve ever seen Tiger’s Scotty Cameron putter, it’s easy to tell that both of those are true. Scotty Cameron putters aren’t just any old putter though, as the highly coveted Circle T models have turned into both a collector's dream and a speculative market, with prices ranging from $2,000 to $8,000 and resale values soaring. Tiger’s use of Cameron putters, even while contracted with other brands, has significantly boosted the brand’s profile, turning these clubs into sought-after items that could even qualify as art. source : bloomberg
Credit card Rates Keep Climbing to Reach Unprecedented Levels
Source: Bloomberg
Ahead of US inflation numbers tomorrow (Wednesday), US 2-year breakeven rates just rose to 13-month highs...
Source: Bloomberg, David Ingles
India just reported record monthly imports of silver.
Source: Tavi Costa, Bloomberg
Jamie Dimon's 61 page annual shareholder letter is finally out for FY2023!
-A rate spike is very possible with stickier inflation. Interest rates could soar to 8% -Says Federal deficit is a real issue hurting business confidence (govt spending could keep rates high) -US economy resilient so far with consumer spending, but the economy has also been fueled by government deficit spending and past stimulus -Market is pricing in 70-80% chance of a soft landing/no landing...Dimon thinks that is too high -Inflation resurgence, political polarization are risks for this year (Ukraine, Middle East, China) - AI may be as impactful on humanity as the printing press Source: SpecialSitsNews, Barchart
The US Federal debt is set to DOUBLE in just 8 years, rising from $20 trillion in 2017 to $40 trillion in 2025.
Currently, US Federal debt is rising by a whopping $1 trillion every 100 days. To put this in perspective, if US debt hits $40 trillion in 2025 that would be a $17 TRILLION increase since 2020. That would be a ~570% jump in US Federal debt since 2000, a 25-year period. The worst part? This analysis assumes that we are on track for a "soft landing." What happens if a recession hits? Source: The Kobeissi Letter, BofA
Will the big deflationary wave out of China offset the inflationary pressures stemming from rising oil prices and hot job market in the US?
Source: Michel A.Arouet
