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12 Oct 2023

Emerging market stocks have fallen to their lowest valuation relative to the S&P 500 in AT LEAST 36 years

Source: Barchart, Bloomberg

11 Oct 2023

German inflation in September fell to its lowest rate since outbreak of war in Ukraine, confirming prior estimates

CPI slowed to 4.5% in September YoY from 6.1% in August. Headline CPI is now lower than Core CPI BUT food prices are already on the rise again. Compared to previous month, food has become 0.4% more expensive. Source: Bloomberg, HolgerZ

11 Oct 2023

Visualizing China’s Dominance in Battery Manufacturing (2022-2027P)

by Elements / Visual Capitalist

11 Oct 2023

Almost half of US listed firms have negative profit margins

They have been able to survive in artificially low interest rates and ample liquidity environment. Things have changed though. Source: GS, Michel A.Arouet

11 Oct 2023

European gas price jumped to 6mth high as security threats to region’s infrastructure added to rising tensions in Middle East

Q3 Revenue +9% Y/Y to €20.0B (in cc). 🍷 Wines & Spirits -14% to €1.5B. 👜 Fashion & Leather goods +9% to €9.8B. 💅 Perfumes & Cosmetics +9% to €2.0B. 💍 Watches & Jewelry +3% to €2.5B. 🛍️ Selective retailers +26% to €4.1B. Source: Quartr, App Economy Insights

11 Oct 2023

LVMH Louis Vuitton Moët Hennessy. Q3 results in one image

Q3 Revenue +9% Y/Y to €20.0B (in cc). 🍷 Wines & Spirits -14% to €1.5B. 👜 Fashion & Leather goods +9% to €9.8B. 💅 Perfumes & Cosmetics +9% to €2.0B. 💍 Watches & Jewelry +3% to €2.5B. 🛍️ Selective retailers +26% to €4.1B. Source: Quartr, App Economy Insights

11 Oct 2023

US average interest rate on credit cards is now close to 23% ⚠ (hitting a new record high since data are recorded)

Source: C.Barraud

11 Oct 2023

WIth the Vix <17, Brent oil<$90/bbl and S&P 500>4350, do you feel that risk is currently mispriced?

Source: HolgerZ, Bloomberg

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