21 Aug 2023
Earnings season continues!
• Monday: $ZM. • Tuesday: $BIDU, $LOW, $MDT. • Wednesday: $ADSK, $NVDA, $SNOW, $SPLK. • Thursday: $AFRM, $INTU, $WDAY. Source: Earnings Whispers
21 Aug 2023
Leadership
Source: Simon Sinek
21 Aug 2023
48pct of global stocks are BELOW pre-covid levels
Source: BofA
21 Aug 2023
Food for thought
Source: Brian Feroldi / Compounding Quality
21 Aug 2023
The US housing market affordability index is now ~10% BELOW the 2006 lows.
Even if prices fell 30%, housing affordability would still be above pre-pandemic levels. It’s a tough time to be a homebuyer in the US. Source: The Kobeissi Letter
21 Aug 2023
US real yields are at a 14-year high
Source: BofA
21 Aug 2023
This is the largest short position ever in the US Treasuries 2 year note
Source: ISI chart
21 Aug 2023
China is more dependent on real estate than any other country
Almost 30% of Chinese GDP dependent on #realestate combined with 50 million vacant apartments is a dangerous mix. Source: FT
