WeWork bonds yield almost 90%
When they mature in 2025, what will #wework do? Borrow again or sell its assets? tThere doesn't seem to be any 'soft landing' for US office space... Source: Joe Consorti, Bloomberg
Reckitt Benckiser back again on major support level
Reckitt Benckiser (RKT LN) is back on a major support zone. 1st support is the March 2020 trend support at 5575. 2nd one is support zone 5400-5500 that has been tested about 10 times. Keep an eye on these major levels. Source : Bloomberg
Pernod Ricard back above support 196.80
Pernod Ricard (RI FP) is back above major support 196.80 for the 3rd time since June. Stock is showing strenght on this major support level. Keep an eye on it as it's a key level. Source : Bloomberg
Average monthly salary after tax:
Source: World of statistics
China's consumer and producer prices both declined in July for the first time since November 2020, a sign of deflation pressure amid weakening demand
CPI dipped 0.3% from a year earlier while PPI retreated for a 10th consecutive month, sliding 4.4%. "China is in deflation for sure," said Robin Xing at Morgan Stanley. "The question is how long." The statistics bureau attributed the CPI decline to the high base of comparison, saying the dip is likely to be temporary. Source: J-C Gand
NASDAQ is currently trading right on the 50 day moving average
15200 is a short term level to watch, but the bigger support is at 15k. NASDAQ is now established "well" below the channel. Source: The Market Ear, Refinitiv
Have you heard about the "disposition effect" aka the tendency of investors to sell assets that have increased in value?
As momentum roll-over, can this #behavioralfinance bias trigger a sell-off of the "Magnificent 7" (Apple, Nvidia, etc.) in teh US and the GRANOLAS (LVMH, L'Oréal, etc,) in Europe?
Financial demands of supporting a US family of 4 have surpassed what a single salary can adequately provide
Source: FT
