The volatility index, $VIX, is up 14% to kick off the first trading day of 2024. This puts the $VIX on track for its biggest daily jump since October 13th
Source: The Kobeissi Letter
Charlie's rules to lead a successful life
by Compounding Quality
The Top 50 Largest Importers in the World by Visual Capitalist In 2022, global imports climbed to $25.6 trillion in value, or about the size of the U.S. GDP
As an engine of growth, global trade broadens consumer choices and can lower the cost of goods. For businesses, it can improve the quality of inputs and strengthen competitiveness. This graphic shows the 50 largest importers, with data from the World Trade Organization.
Here's how the SP500 performs during election years $SPY Buy the May dip for the summer rally?
Source: Trendspider
Net interest cost of US national debt grew by 38.5% just in 2023
Source: Game of Trades
Everyone enters 2024 long bonds! Consensus is rarely right for a full year
Source: Steno Research, Bloomberg, Macrobond
Asset Class Returns since 2011...
Source: Charlie Bilello
🚨BRICS DOUBLES OVERNIGHT Yesterday, the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially members of BRICS.
They join Brazil, Russia, India, China, and South Africa as a formidable economic powerhouse, representing 29% of global GDP and 43% of global oil production. Although tensions exist between member states such as China and India, BRICS is a growing challenge to the G7. President Xi: “I wish to extend a warm welcome to leaders of new BRICS members.” Source: IMF, Reuters, China Daily, Mario Nawfal
