European stocks are becoming very disconnected from macroeconomic data
Source: Cheddar Flow, Bloomberg
6 Potential Problems for China’s Economy
Source: Barchart
Inflation has been a boost to sp500 companies top-line growth
Now that inflation starts to cool down, could it work the otehr way around? here's the view from Morgan Stanley: "Our boom/bust framework would suggest inflation as it relates to corporate earnings (i.e., pricing) falls toward zero or even below. This is likely to have a significant impact on sales growth and, consequently, on earnings growth as negative operating leverage takes hold." Source: TME
Total Global Debt is now estimated to be over $300 Trillion and has been rising exponentially since 1971
Source: TheBTCTherapist
$862bn in deposits have left the banks since the Fed began to raise interest rates
Source: Apollo, TME
Trafigura says ‘fragile’ oil market may be prone to price spikes as higher interest rates and underinvestment squeeze the market according to a Bloomberg article
- The consensus view is for prices to remain near current levels, but the market is “more fragile than it looks,” Ben Luckock, the co-head of oil trading said in an interview at APPEC in Singapore. Brent crude is nearing $90 a barrel after OPEC+ heavyweights reduced supply — curbs that could continue further. - “One reason is underinvestment in new oil production,” he said on Monday. “Combined with higher interest rates, which make it more expensive to hold oil in storage, it means there isn’t much slack or flex in the system. Put all together, and you have a market that’s susceptible to price spikes.” - Oil options traders are showing confidence in the recent sustained surge in prices, bolstering wagers that crude will rally toward $100, even as questions remain over China’s outlook. However, Luckock and other attendees at the conference said it wasn’t all bad when it came to nation’s economy.
India's driest August in more than 100 years may force the country to impose additional export restrictions!
Source: Barchart, Bloomberg
A wave of corporate debt refinancing over the next 6 months will spark a recession in 2024 warns Fidelity International
Source: Barchart, Bloomberg
