15 Jan 2024
The Economy is not The Market
Source: Win Smart
15 Jan 2024
The current macro environment across global equity markets presents a sharply divided investment setup for 2024 and the remainder of the decade.
Source: Tavi Costa
15 Jan 2024
Red Sea Transit Volume
Source: BofA, Win Smart
15 Jan 2024
$JPM JP Morgan Chase Q4 FY23.
CEO Jamie Dimon: Deficit spending and supply chain adjustments “may lead inflation to be stickier and rates to be higher than markets expect." • Net revenue +12% Y/Y to $38.6B ($1.2B miss). • Net Income $9.3B. • Non-GAAP EPS: $3.97 ($0.37 beat). • CET1 ratio of 15.0%. • Expect FY24 NII of $90B (+1% Y/Y).
12 Jan 2024
The last 4 times the 10Y Minus 3M Treasury Yield Curve inverted, it led to the 1990s recession, the Dotcom Bust, the Global Financial Crisis, and the 2020 Recession.
Will this time be different? 🤔 Source: Barchart
11 Jan 2024
On January 10, the GDPNow model nowcast of us real GDP growth in Q4 2023 is 2.2%
Source: Atlanta Fed
11 Jan 2024
Beware the second wave...inflation moves in mysterious ways and sometimes you get that "unplanned" second wave.
Source: TS Lombard, TME
11 Jan 2024
While G7 claims can offer short-term tactical opportunities, soaring G7 debt levels at the the of high yields mean that the long-term risk-reward remains unattractive.
Source chart: Bloomberg
