Argentina's currency has lost 96% of its value vs the USD in the past decade
In that period, the central bank has increased the monetary base by 2,046% to finance government political spending... Source: Bloomberg
In case you missed it...
Citigroup $C closed at its lowest price in more than 3.5 years Source: Barchart
The correlation was weaker in the 1980s/1990s, but starting after 2000, gold has historically done quite well whenever the Fed pauses or cuts
Source: Lyn Alden
Dax Index reaching major support zone
Dax Index is approaching major support zone 14'620-14'820. Keep an eye at this zone. Source : Bloomberg
Top 6 banking ratios every investor should know
Trade Brains
Where do we stand in terms of percentile each year for the below aggregates in the US:
- US Government Debt to GDP = 98th percentile - SP500 Cyclically-adjusted-PE ratio = 99th percentile - US Consumer Price Index YoY change = 88th percentile Sounds like an interesting trifecta... Source: Crescat Capital
Disinflationary forces are intensifying in Germany, at least for now
German PPI deflation deepened with PPI down 14.7% YoY, the most since the start of the statistic in 1949. Even compared to the previous month, producer prices fell by 0.2%. Source: HolgerZ, Bloomberg
Oil vol, OVX, and gold vol, GVZ, have exploded higher and continue to stay at elevated levels/move to new recent highs
These are the two assets to watch for the "real" war stress. Source: TME, Refinitiv
