Amid a collapse in 'hard' economic data, 'soft' surveys from S&P Global was expected to see both Services and Manufacturing PMIs slide further in preliminary November data
However, the data was more mixed with US Manufacturing falling more than expected to 49.4 - back into contraction - (vs 49.9 exp) from 50.0 in October. However, US Services unexpectedly rose from 50.6 to 50.8 (exp 50.3). Source: Bloomberg, www.zerohedge.com
US budget deficits in the years to come
Source: Win Smart, CBO , Bloomberg
Uranium narrative has been making headlines this year. Just in 2023, Uranium is up by nearly 60%
Prices are now back above the levels seen before the Fukushima incident in March 2011. Simultaneously, uranium prices also major tailwinds from a supply deficit in the coming years, especially in the U.S. By 2028 a shortfall of 60% is expected... Meanwhile, a long list of countries sees nuclear as one of the only "clean" viable option... Source: Game of Trades
Below the average 3-month ATM implied volatility (max/min range since 2008)
Source: TME, GS
The stock market isn't the economy...The Chinese version...
Source: GS, TME
A funny one to end the week...
Source: Win Smart
Something to keep in mind for 2024?
Source: Michel A.Arouet
A gauge of early-stage small, mid-cap growth stocks in China has rallied 40% within just a few weeks
Source: David Ingles, Bloomberg
