Us inflation is now at 1.2% according to truflation
Source: Anthony Pompliano
Countries With the Most Natural Resources:
1.🇷🇺Russia $75.0 Trillion 2.🇺🇸United States $45.0 Trillion 3.🇸🇦Saudi Arabia $34.4 Trillion 4.🇨🇦Canada $33.2 Trillion 5.🇮🇷 Iran $27.3 Trillion 6.🇨🇳China $23.0 Trillion 7. 🇧🇷Brazil $21.8 Trillion 8.🇦🇺Australia $19.9 Trillion Source: Jack Prandelli
Bond vol matters
SPX vs VXTLT (inverted) needs little commenting. Source: TME
Yesterday was worst cross-asset selloff since April
Source: TME, Bloomberg
S&P 500 technicals
$SPX has reversed near the top of the range and is now breaking below the short-term trend line. Zooming out, the market still lacks a clear medium-term trend, with price sitting right on the 50-day and RSI suddenly at its most oversold since the December shakeout. First meaningful support comes in around 6,800 (futures). Source: LSEG, TME
The EU owns 40% of us debt
Source: Bloomberg
GS says very small effects of the 10% tariff on Europe
"While implementation is highly uncertain, we estimate that a 10% tariff would lower real GDP in the affected European countries by 0.1-0.2% via lower exports. The inflation effects would likely be very small and a Taylor rule would point to modestly lower policy rates, all else equal." Source: TME
How Much Metal Can $10K Buy?
Source: ELEMENTS
