The "multipolar world" will remain a major topic in 2024 as the rewiring of the global commerce system creates geopolitical risks & business model shifts that will last decades
The Dollar’s & Euro's share in global CenBank reserves dropped. Greenback accounted for 59.2% of globally allocated FX reserves in Q3 2023, down from a revised 59.4% in Q2, lowest since Q4 2022. Euro’s share in reserves also fell to 19.6% from 19.7%, while the participation of Japan's Yen rose to 5.5% from 5.3%. Source: HolgerZ, Bloomberg
Global Energy Shock Graph (only till 2020 unfortunately) Life without fossil fuels is not for tomorrow
Source: Willem Middelkoop
Freddie Mac Serious delinquency rate US multifamily homes
thru The Daily Shot
You can measure the concrete effects of inflation on your purchasing power over time by using this CPI Inflation calculator
https://lnkd.in/eFFzyTpu (This applies to the US only)
Key Events This Week
1. 10-Year Note Auction - Wednesday 2. crudeoil Inventories - Wednesday 3. December CPI Inflation data - Thursday (Crucial data ahead of the January Fed meeting). 4. Initial Jobless Claims - Thursday 5. December PPI Inflation data - Friday 6. Total of 4 Fed Members Speak 7. Earning season Kick-off with some big banks publishing on Friday - see below Source: The Kobeissi Letter, Earnings Whispers
Warren Buffett became a Millionaire at the age of 30 and a Billionaire at 56
Here's Warren Buffett's net worth by age - source: Evan
Sentiment and overly bullish positioning remain short-term hurdles for the stock market
Too positive
Goldman believes that the 5% EPS forecast for sp500 is too low as a strong economy and falling interest rates should lead to positive surprises
Source: Bloomberg
