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
Is a massive regime change in markets taking place?
This week has again been volatile for stocks. But the big news for investors is for the first time in a few years, bonds are acting again as a hedge against stock market drawdowns. Or in other words: after a period of positive correlation which wrecked 60/40 portfolios, the stock/bond correlation is turning negative again. This is an important development. Source: Alfonso Peccatiello
An increasing number of job cuts are also being attributed to AI in 2024 vs 2023
Source: Markets & Mayhem
First negative outflow for Blackrock's $IBIT Bitcoin ETF since May.
Source: Koyfin
Ahead of today's Non-Farm-Payrolls print, Atlanta Fed GDPNow is forecasting just 2.1% US GDP growth for Q3
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The current drawdowns across the Magnificent Seven:
• $AAPL Apple: 5.0% • $META Meta: 5.2% • $AMZN Amazon: 11.9% • $MSFT Microsoft: 12.3% • $GOOGL Alphabet: 17.7% • $NVDA Nvidia: 20.3% • $TSLA Tesla: 48.6% Source: Koyfin
Sir John Templeton has been one of the most successful investors ever.
His investing career ranged over half a century. These were the 10 Maxims he invested by: Source: @MnkeDaniel on X
