Types of competitive advantage.
Nice pic by @Invesquotes thru Brian Feroldi
In case you missed it:
30 year Japanese government bond yields have climbed even more sharply than their US counterparts. Since April 2, Japan’s 30y yield has risen 33bps, while the US 30y yield is up 29bps over the same period. Source: (HT @bilalhafeez123), HolgerZ, Bloomberg
What a change in sentiment in less than 2 months...
.
In Germany, investor confidence in the economy has taken a sharp hit following US President Trump's erratic trade policy.
The ZEW Institute’s expectations index plunged to -14 in April, down from 51.6 in March – a massive drop. Analysts surveyed by Bloomberg had expected a decline, but only to +10. The unpredictable shifts in US trade policy have fuelled global uncertainty, which is now weighing heavily on economic expectations in Germany. At the same time, any initial optimism about the new government's spending plans has quickly faded. Source: HolgerZ, Bloomberg
"There are three distinct categories of bear market."
- Goldman Sachs Source: Daily Chartbook @dailychartbook
Last week’s trade data shows an incredibly bleak picture for the economy:
- 49% drop in global container bookings - 64% drop in U.S. imports. - 30% drop in U.S. exports. If this continues for more than a few weeks, there is no doubt that we are headed for tough times ahead. Source: Brian Krassenstein @krassenstein on X
Who do you think is smarter here?
Source: Guilherme Tavares @i3_invest
JUST IN 🚨: S&P 500 forms Death Cross ☠️ for the first time since March 2022
Source: Barchart
