Crude Oil Back on Major Support Zone
Crude Oil WTI is back once again in the major support zone between 62.43-69.23. It's also testing the March 2022 downtrend line. Keep an eye on these very important levels. Source: Bloomberg
Markets tend to struggle from now until mid-October during Presidential election years
BofA
Gold is rising because of demand for "fallback money"
Source: Bloomberg
China weighs cutting mortgage rates in two steps to shield banks
Source: Bloomberg
Traders weigh "buy the dip" opportunities on Asian tech stocks
Source: Bloomberg
From the moment Russia invaded Ukraine, Europe was supposed to halt exports to Russia
Instead, many EU countries have been sending flood of exports to Russia that's invoiced to Kyrgyzstan. Source: Robin Brooks
This Visual Capitalist graphic shows largest export market for each G20 member, based on share of goods exported;
data sourced from @OECtoday as of 2022 Key Takeaways •U.S. and China are primary export destinations for an equal number of G20 countries (7 each) •While U.S. is China’s top export market, reverse is not true, with U.S. sending its largest share (16% of its exports) to Canada Source: Liz Ann Sonders, Visual Capitalist
Is a massive regime change in markets taking place?
This week has again been volatile for stocks. But the big news for investors is for the first time in a few years, bonds are acting again as a hedge against stock market drawdowns. Or in other words: after a period of positive correlation which wrecked 60/40 portfolios, the stock/bond correlation is turning negative again. This is an important development. Source: Alfonso Peccatiello
