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
Consensus expects Net margins for the Magnificent 7 to stay significantly higher than the rest of the S&P 500
Source: Goldman Sachs, TME
Hedge Funds betting on a decline in US and European stockmarkets have suffered an estimated $43bn of losses in a sharp rally over recent days.
Short sellers, many of whom had built up bets against companies exposed to higher borrowing costs over the past year or so, have been caught out by a “painful” rebound in “low quality” stocks this month, said Barclays’ head of European equity strategy Emmanuel Cau. That has come as the market has grown more confident that the US Federal Reserve’s cycle of rate rises is finally over. Funds suffered $43.2bn of losses on short bets in the US and Europe from Tuesday to Friday inclusive last week, according to calculations by data group S3 Partners, which do not take account of gains that funds may have made in other stocks they own. Source: FT
