8 Aug 2023
This could be a problem for sugar prices which already hit 12-year highs back in May
Source: Barchart
8 Aug 2023
Saudi Aramco 2Q 2023 profit vs. profits of the Majors
Source: company results
8 Aug 2023
Market-implied inflation expectations over the next 5-10 years have risen to the highest levels in more than a year
Traders are starting to game out a future with sustainably higher inflation and higher long-term bond yields. Source: Bloomberg, Lisa Abramowiz
7 Aug 2023
One asset class - two different bets => hedge funds are shorting US treasuries at historic levels while asset managers are doing the exact opposite 👀
Source: Barchart, Bloomberg
7 Aug 2023
Top 50 unicorns according to crunchbase
Source: PlotSet.com
7 Aug 2023
The lagging effects of higher interest rates ?
Yellow Corp. filed for bankruptcy and will remain shuttered after the trucking firm’s long-running financial woes (rising bond & loan payments) were compounded by a dispute with its labor force (wage inflation). The firm closes after nearly 100 years and leaves 30k employees jobless (this will likely be reflected in a lower payroll print for August). Source: Bloomberg
7 Aug 2023
US Bank credit YoY is now -0.2% YoY. First time negative since 08 (Keep in mind that in the US about 25% of credit is securities and the other 75% loans)
Source: FRED, Adem Tumerkan
7 Aug 2023
Michael Burry top holdings are two Chinese ADRs at the time the $KWEB etf is starting to outperform $QQQ
Source: The Long Investor
