Straight from the Desk

Syz the moment

Live feeds, charts, breaking stories, all day long.

29 Sep 2023

Very strange to see the US spending like we are in a recession while calling for a "soft landing."

As highlighted by The Kobeissi Letter, the US is now spending 44% of GDP per year, the same levels as World War 2. Deficit spending alone is a massive 6% of GDP per year. Since the debt ceiling crisis, the US has been borrowing ~$14 billion PER DAY to cover deficit spending. By 2033, Bloomberg projects deficit spending will be ~7% of GDP... Source: CBO, The Kobeissi Letter

28 Sep 2023

Cash now earns more than the S&P 500 by the largest margin in 23 years

Source: TME, Bloomberg

4 Sep 2023

Is the market too complacent? retail investor flows are exceeding 2021 highs

Source: Topdown charts, vanda research via FT

Thinking out loud

Sign up for our weekly email highlighting the most popular posts.

Follow us

Thinking out loud

Investing with intelligence

Our latest research, commentary and market outlooks