The pace of earnings downgrades has accelerated in the US
The pace of earnings downgrades has accelerated in the US, especially compared to Europe, as a Citigroup Inc. gauge of US earnings changes has had 23 consecutive negative prints, the longest losing streak since early 2020 - Bloomberg
A map which shows inflation in Europe
Using latest available data from Eurostat. Source: Milos Popovic.
Rising correlations
Rolling 120d correlation between U.S. dollar (blue) and 10y Treasury yield (orange) has risen to highest since August 2020. Source: Bloomberg, Liz Ann Sonders
The stock market is bifurcating
This chart shows the 11 S&P 500 sectors indexed from the pre-COVID index peak in February 2020. The spread between winners and losers is getting increasingly large. Source: Fidelity
Bitcoin vs. Bubbles
It has been one year since Bitcoin peaked north of $65,000. Compared to other major bubbles, the 12-month gain leading up to the peak was second best behind silver in 1979/1980, while the 12-month drawdown post peak has been the most severe. Source: @NDR_Research
S&P Cryptocurrency Index has now lost 74% of its value over past 12m.
News of liquidity crunch, imminent collapse/subsequent takeover by rival of one of largest #crypto exchanges, FTX, with broad-based S&P Cryptocurrency Broad DMI tanking 14% (3rd worst day in 2022); has now lost 74% of its value over past 12m. Source; Liz Ann Sonders
How Goldman Sachs makes money
How Goldman Sachs $GS makes money. Source: Genuine Impact
Largest trading partners by country: 2000 vs. 2020
Countries whose largest trading partner is: - China in red - USA in blue Year 2000 vs 2020 Source: Statista
