Euro-Zone inflation’s sharp drop to single-digit masks underlying pressures
Euro-Zone prices rose by 9.2% in December which is lower than economists consensus expectations (9.5%). However, core inflation hits record-high 5.2%. ECB rate hikes cycle is likely to continue. Source: Bloomberg, HolgerZ
ECB Balance Sheet keeps shrinking
ECB total assets drop by another €29.7bn due to quarter-end adjustments (-€42.7bn) to €7,955,8bn, the lowest level since July 2021. ECB Balance Sheet now equals 61% of Eurozone GDP vs Fed's 33% and BoJ's 126%. Source: Bloomberg, HolgerZ
FAANGs continue to lay off employees
Source: Wall Street Journal, Wall Street Silver
Between March 2009 and December 2022, global fund managers were never overweight bonds.
Fund managers surveyed by BofA are net overweight bonds for the 1st time since April 2009 Source: BofA Fund manager survey, Jeroen Blokland
Ark Invest Innovation ETF ($ARKK) investors have lost more than $11 billion since inception
$ARKK investors lost more than FTX customers after its collapse - Source: Bloomberg, Michel Arouet
China stocks trade at cheapest to Hong-Kong peers in almost a Year
Source: Bloomberg, C.Barraud
Black Friday nominal and real US retail sales growth
Retailers’ Inflation-Fighting Discounts Yield Modest Growth on Black Friday
Korean House Prices Drop by Most Since 2013 as Credit Woes Moun
Source: Bloomberg
