WTI tumbled to lowest since December 2021
Oil prices plunge as China protests hit risk sentiment. China unrest comes after sharp pullback in oil mkt as risk of China slowdown looms & EU floated price cap on Russian crude that looks set to have minimal impa
Here Are All The Funds That Are Losing Billions In FTX
Here is a list of the most prominent investors in FTX courtesy of The Block's Frank Chaparro: BlackRock, Ontario Pension Fund, Sequoia, Paradigm, Tiger Global, SoftBank, Circle, Ribbit, Alan Howard, Multicoin, VanEck, Temasek Source: www.zerohedge.com
No US recession in 4Q according to Atlanta Fed Nowcast
Atlanta Fed nowcast has Q4 GDP running very hot at 4%, which is up a full percentage point from their initial estimate. No recession in their forecast yet.
FTX valuation history
Source: TrungTPhan
The pace of earnings downgrades has accelerated in the US
The pace of earnings downgrades has accelerated in the US, especially compared to Europe, as a Citigroup Inc. gauge of US earnings changes has had 23 consecutive negative prints, the longest losing streak since early 2020 - Bloomberg
A map which shows inflation in Europe
Using latest available data from Eurostat. Source: Milos Popovic.
Rising correlations
Rolling 120d correlation between U.S. dollar (blue) and 10y Treasury yield (orange) has risen to highest since August 2020. Source: Bloomberg, Liz Ann Sonders
The stock market is bifurcating
This chart shows the 11 S&P 500 sectors indexed from the pre-COVID index peak in February 2020. The spread between winners and losers is getting increasingly large. Source: Fidelity
