German exports to Kyrgyzstan are up 2000% in the past 3 years
Value of these exports is small, but this is just one of many examples showing how hard it is to police export controls on western goods to Russia. Source: Robin Brooks
The fact that Retail investors are rapidly buying the iShares 20+Year Treasury Bond ETF (TLT) - despite the bond bloodbath - could mean that the sentiment is far from being oversold
From a contrarian perspective, this is NOT a positive for long-dated bonds. Source: The Daily Shot, Bloomberg, VandaTrack
EM returns over past 5-10yrs have been lackluster, w/most EM equities returning low-to-mid single digits
Over longer-term, returns range from extraordinary (India: 1000%) to respectable (Indonesia: 469%) despite volatility & some prolonged periods of choppy trading, BofA has calculated. All EMs have outperformed China's 22% total return. Source: HolgerZ, BofA, Bloomberg
With the recent surge in oil demand, the US government is now left with a petroleum reserve sufficient for only 16 days
Source: Tavi Costa, Bloomberg
Hedgeye cartoon on the Fitch downgrade
source: Hedgeye
Interest payments on US government debt are soaring
source: Markets & Mayhem
Barbie to top $1 billion at the global box office Sunday
The blockbuster from Warner Bros. Discovery and Mattel will top $1 billion in global ticket sales, before the end of the weekend, according to estimates from the studio. Final numbers will be released Monday. Only around 50 other films have reached this benchmark. Gerwig joins Anna Boden, co-director of Disney’s “Captain Marvel,” as the only two women to helm a billion-dollar film. “Captain Marvel” reached just shy of $1.13 billion during its theatrical run in 2019, according to data from Comscore. This also marks the first billion-dollar film for the newly minted Warner Bros. Discovery, which merged in 2022, and only the second movie released in 2023 to do so. Universal’s “The Super Mario Bros. Movie” has topped $1.3 billion since its April debut. Source: CNBC
Should you do the opposite of what Wall Street strategists say? Data over the last 3.5 years suggests that strategists underperform the S&P 500
Source: Barchart, Bloomberg
