Comparable countries bounced post-COVID, but US did not
~1 million Americans have died of OD’s just since 2010; that’s more than the # of Americans that died in all wars America has ever fought in. Source: The Economist Via Dan R Dimicco thru Luke Gromen
Capital allocation framework
Source: Brian Feroldi
Here is Ray Dalio’s portfolio
Source: Ken Shih
Chevron breakout ?
Chevron (CVX US) is trying to breakout of massive triangle pattern. Will it be able to break ? Keep an eye on volume. Source : Bloomberg
The clearest signal that Russia is losing this war?
The Russian ruble slid past 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin’s economic advisor blamed loose #monetarypolicy for the rapid depreciation. The ruble has lost around 27% against the greenback since the turn of the year. It also has lost 23% vs Chinese Yuan, which Russia is embracing for trade as it seeks to ditch Western currencies. The Bank of Russia has blamed the country’s shrinking balance of trade, as Russia’s current account surplus fell 85% year on year from January to July. This slide that threatens to stoke inflation in an economy that has been kneecapped by Western sanctions. Source: HolgerZ, Bloomberg, DJ, CNBC
balance sheet vs. bikini
Source: Compounding Quality / Chris Quinn
The biggest money in investing comes from patience and time
Your biggest edge as an individual investor comes from ignoring short-term fluctuations and playing the long game. Source: Peter Mallouk, Charlie Bilello
US average mortgage rates just surged above 7.5% for the first time in 23 years
There are some reasons why US house prices haven’t crashed: 1. Buyers can’t afford the rates; 2. Sellers would be insane to sell a home with a significantly lower rate to buy another at 7.5%. Market is frozen. The economy is currently experiencing a significant tightening of financial conditions, largely driven by the persisting fragility in the Treasury market. The bill will come due at some point. Source: Crescat Capital, The Wolf of All Streets
