Salesforce is retesting recent breakout level
Salesforce (CRM US) is retesting recent breakout level and now major support level 222. Keep an eye on this level. Source Bloomberg.
The top 3 country ETFs in 2023:
1) Nigeria $NGE: +48.3% 2) Greece: $GREK: +47.5% 3) Argentina $ARGT: +38.7% Source: Charlie Bilello
"Think like a farmer"
Source: Compounding Quality
Global Manufacturing PMIs and Global stocks seem to be in disagreement...
Source: Bloomberg, www.zerohedge.com
July cross-assets performance billboard by DB -> After a mixed performance in June, July was largely positive for assets across the board
Oil stole the show, as supply cuts spurred upward pressure on prices, and the AI excitement saw the S&P 500 and the Nasdaq extend their rally, both securing their fifth consecutive month of positive total returns. Fixed income took a hit in July, as central banks continued their hiking cycle (via HolgerZ)
Lessons from the richest investors
Source: Compounding Quality Chris Quinn
US Credit rating by agency
Moody's: Aaa S&P: AA+ Fitch: AA+ Source: Evan
Total US debt levels are expected to rise from 98% of GDP in 2023 to 118% of GDP in 2033
By 2053, Debt-to-GDP in the US is expected to hit an alarming 195%. Hopefully yesterday's downgrade of the US credit rating brings some more attention to this topic. Source: The Kobeissi Letter
