European energy bills keep rising
European households are paying more than ever for their electricity and natural gas, even as governments spend billions to shield consumers from the energy crisis.
Have we seen the largest wealth destruction in history?
Have we seen "capitulation" yet? Source: Stansberry (Greg Diamond).
Commodities outperformed during the stagflationary 70's
Are we at the start of a new commodities outperformance cycle? Source: Gigi Penna, Bloomberg
US small & mid caps stocks valuations remain cheap
The absolute forward P/E for the Russell 2000 suggests double-digit annualized ten-year returns Source: BofA
S&P 500 Energy Index has climbed to highest since late 2014
[Past performance is no guarantee of future results] Source: Bloomberg, Liz Ann Sonders
#apple #energy #market-caps
The venture capital index is now down 62% from its peak, not too far from its March 2020 lows. Source: Willie Delwiche
Fed tightening forecasts are jumping
Fed tightening forecasts are jumping w/cycle ceiling jumps to 4.9% after hot US inflation data. Source: Bloomberg
hedge funds
Uncorrelated hedge funds strategies (CTAs, Macro, Multi-strategy) are doing well in 2022 – see below YTD performance as of the end of September. Source: Aurum
