Importance of curiosity
Source: Vala Afshar
There are now 510k more Job Openings than Unemployment Persons in the US.
That's the smallest differential since April 2021, down from a peak of over 6 million in March 2022. The labor market is rapidly cooling... Source: Charlie Bilello, Y charts
Germany has significantly lagged behind the US in economic growth over the past 30yrs
Since 1980, the US econ has expanded tenfold, while Germany's has only grown fivefold. This disparity is partly due to faster population growth in the US. However, the underperformance since the 1990s is no accident. The US has capitalized on digitalization far more effectively, driving economic gains, whereas Germany has been slower to embrace technological transformation. A clear example of this is Volkswagen, which highlights Germany's cautious approach to modernization. Source: HolgerZ, Bloomberg
Apollo: "This is a soft landing"
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An important chart by J-C Parets >>> High Beta outperforming Low Volatility stocks is usually something we see in healthy market environments.
This year, however, High Beta has been struggling to make any progress vs their Low Volatility counterparts. "Beta" is essentially how volatile a stock is relative to its benchmark. So High Beta think $SMCI, $NVDA, $AMD, etc.. You have half the S&P500 High Beta Index in Technology and another 17% in Consumer Discretionary. In contrast, for Low Volatility think Berkshire Hathaway, Coca-Cola, Visa, Procter & Gamble. You'll find a lot of Financials, Consumer Staples, Utilities and Industrials in this group. Source: J-C Parets
RUSSIA ANNOUNCES 700% INCREASE IN GOLD/FX PURCHASES. MONTH BEFORE BRICS SUMMIT
Source: Tass, VBL’s Ghost
From the moment Russia invaded Ukraine, Europe was supposed to halt exports to Russia
Instead, many EU countries have been sending flood of exports to Russia that's invoiced to Kyrgyzstan. Source: Robin Brooks
This Visual Capitalist graphic shows largest export market for each G20 member, based on share of goods exported;
data sourced from @OECtoday as of 2022 Key Takeaways •U.S. and China are primary export destinations for an equal number of G20 countries (7 each) •While U.S. is China’s top export market, reverse is not true, with U.S. sending its largest share (16% of its exports) to Canada Source: Liz Ann Sonders, Visual Capitalist
