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18 Jan 2024

You’d think there would be more IPOs considering how well stocks have been doing the past year+ all around the world...

Supply is clearly not an issue for tech stock market. Basically we have huge supply coming on the G7 bonds side (to finance growing budget deficits) and shrinking supply on the equity side. make your choice... Source: Topdown charts

18 Jan 2024

After 13 consecutive YoY declines, US inflation-adjusted retail sales rose 1.4% YoY in December, The first YoY increase since Oct 2022.

Nominal Retail Sales grew 4.78% over the last year, rising just above the historical average of 4.71%. Source: Charlie Bilello

17 Jan 2024

Japanese companies profits are surging

but that's not translating into rising domestic wages, keeping a lid on domestic inflationary pressures, and allowing easy monetary & FX policy to persist. The main winners are japan equity investors. Source: DB, Bob Elliott, The Daily Shot

17 Jan 2024

This scatter plot shows where growth tech valuations stand based on 2024 metrics

Source: Shay Boloor

17 Jan 2024

UK Inflation Rises Unexpectedly, Tempering Talk of Rate Cuts

UK inflation disappoints at both the headline and core levels: Headline inflation rose to 4.0% in December, above the consensus forecast looking for it to fall from 3.9% to 3.8%. Core inflation, which was also expected to fall, remained unchanged at 5.1%. Source: Bloomberg

17 Jan 2024

The Influence of Family-Owned Businesses, by Share of GDP

by The Visual Capitalist

17 Jan 2024

The valuation gap between the S&P 500 $SPX and the rest of the world continues to widen

Source: FT, Barchart

17 Jan 2024

Trump's odds of winning the election are now at the highest, and 3 ppts above Biden.

As Goldman notes, on balance, a Republican 'sweep' looks likely to increase the chances of a stronger USD, higher breakeven inflation rates, higher yields, and a steeper yield curve. It may also increase the tails in both directions for energy prices. Source: Predictit, www.zerohedge.com, Bloomberg

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