12 Jan 2024
Surprise, surprise... Even with a hot jobs report and inflation rising to 3.4%, market expectations regarding timing and number of rate cuts have shifted more dovish.
Markets are now pricing-in a rate cut at EVERY Fed meeting this year beginning in March 2024 until December 2024. Effectively, markets are saying that us interestrates will move in a straight-line lower. Source: The Kobeissi Letter
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
10 Jan 2024
Remember the 70s?
Source: Win Smart
10 Jan 2024
Mapped: The Top Middle East Exports by Country
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9 Jan 2024
Tokyo CPI down again supports BOJ dovish stance for now
Source: Bloomberg
8 Jan 2024
US defense spending vs interest on Federal debt
Source: www.zerohedge.com
