The best performing segment of the bond market this year? Leveraged Loans, up close to 10%. $BKLN
Source: Charlie Bilello
With the rise of oil prices, there is currently a revival of the "commodities super-cycle thesis"...
Source: J-C Parets
German banks are NOT passing on the increased interest rates to their customers
Commerzbank, Germany's 2n-largest retail bank, has announced it will increase net interest income to €8bn. Commerzbank has increased its deposit beta - a measure of how much of a rate increase it passes along to savers - slower than initially expected. The bank will end this year with something around a deposit beta of avg 40%. Source: HolgerZ, Bloomberg
Over the last 15 years, the US National Debt has increased at a rate of 8.5% per year versus an increase in economic growth (nominal GDP) of 4.0% per year
Source: Charlie Bilello
Gold breakout just before FOMC meeting ?
Gold (XAU) is showing signs of breakout of May downtrend. Keep an eye on it as FOMC meeting should confirm or not the breakout. Source : Bloomberg
Central banks meetings calendar
Source: Bloomberg
United Auto Workers (UAW) threaten to expand strike, according to WSJ
4 days after workers at Ford, Stellantis, and GM went on strike, strikers are threatening to expand. Currently, 13,000 out of 144,000 UAW workers are on strike. A strike by the entire UAW would cost US automakers nearly $600 million PER DAY. This is the first time in history that all 3 US automakers are on strike. Source: The Kobeissi Letter
Since the June bottom, crude oil, uranium, sugar and orange juice are up 20-30%. Is the risk of a second wave increasing?
Source: The Macro Guy
