Hedge Fund exposure to the Magnificent Seven is quite high, according to data from Goldman Sachs
Source: Markets Mayhem
Turkey’s central bank hiked its key interest rate to 40% on Thursday
The lira was trading at 28.766 to the dollar following the news, slightly stronger against the greenback. The rate increase was double economists’ expectations, who had forecast a 250-basis-point hike. The move was seen as a continuation of the bank’s attempt to combat high inflation and a falling lira. Inflation in the country came in at a whopping 61% in October Source: Bloomberg, CNBC
ALERT: US imports from Mexico have just surpassed those from China This has happened for the first time since in 2 decades
Source: Games of Trades
US Bonds have a negative return over the last 7 years. Does that mean the 60/40 portfolio is dead?
Source: Charlie Bilello
The US population has increased 87% since 1960 but fewer homes are being built today than back then
Source: Charlie Bilello
Global Property Guide
Q2 2023 gross rental yields for apartments/condos in over 250 cities across 60+ countries: Dublin: 7.70% Istanbul: 6.21% Dubai: 6.13% Warsaw: 6.02% Madrid: 5.27% Athens: 5.25% Amsterdam: 5.00% Singapore: 4.78% Vienna: 3.29% Zurich: 3.11% Hong Kong: 3.08% Source: https://lnkd.in/eTaAkcHM
Market Moves: 10-Year German Inflation-Linked Bond Surges
Today witnessed a significant market shift as the 10-year German inflation-linked bond surged by more than 1%, juxtaposed with a 0.5% drop in the 10-year German nominal yield. This move can be attributed to the recent announcement from the German Federal Government to cease sales of inflation-linked bonds starting from 2024. Additionally, Germany's Lindner announced today to suspend the debt limit (#debtbrake) for 2023 following a budget ruling. Source: Bloomberg
The "bad (macro) news is good (market) news" in one chart
Source: Michel A.Arouet, Bloomberg
