Hedge Funds YTD returns by strategy as of June 30th
Source: Aurum
One in six asset management groups to disappear by 2027, says Pwc
16% of existing asset and wealth managers will either be out of business or acquired by larger companies by 2027 according to PwC. The asset management industry faces dramatic consolidation over the next four years as one in six companies could disappear because of a mix of market volatility, high interest rates and pressure on fees. Source: FT, Barchart
Germany is being hit by a heat wave and another drought.
Economically important waterway Rhine has lower & lower water levels. The depth of the Rhine at the gauge tower at Kaub has sunk to 1.06. Source: HolgerZ, Bloomberg
China's Inflation Rate Eases to Zero
Deflation in China? China's Consumer Price Index (CPI) year-on-year growth rate in June dropped to 0% (prev. 0.2%). Producer Price Index (PPI) year-on-year growth rate dropped to -5.4% (prev. -4.6%). Source: Bloomberg
S&P 500 Concentration Now Tops the Tech Bubble
The return spread between the seven largest S&P500 stocks compared to the rest of the index is now higher than when the Dot Com Bubble Burst. Source: Barchart, Bloomberg
Nvidia Insider Trading Alert
Tench Coxe, the 3rd largest $NVDA shareholder, just sold another 50,000 shares worth approximately $21.1 million. He acquired these shares in 1997! He previously sold 100,000 shares on May 30. Source: Barchart
SNB won’t let slowing inflation stop a rate hike
Source: Bloomberg
Global Yield Curves' (2s10s) inversion deepens, flashing recession signals
Source: Bloomberg TV Chart
