Visual Capitalist's Marcus Lu created the following chart, visualizing GDP growth forecasts from the IMF’s October 2023 World Economic Outlook
Unsurprisingly, many of these countries are located in Asia and Sub-Saharan Africa—two of the world’s fastest growing regions.
Goldman's Derivatives desk:
Demand for TLT calls and call spreads exploded this week. That's because "this is a cheap way to play for a snapback in bonds." As shown below, average TLT call volume this was over 350k contracts per day, an all-time highs...
Getting cheaper...
Global stocks have lost another $1.5tn in mkt cap this week on still-elevated US 10y yields and on not good enough earnings results. All stocks now worth $98.2tn, less than global GDP. This means that the Buffett Indicator is once again below the critical level of 100. Source: HolgerZ, Bloomberg
''But the stock market is doing great!'' Well: are you sure? It all depends which index you are looking at
Source: Alfonso Peccatiello - The Macro Compass
Uranium narrative has made headlines again...Prices are now back above the levels seen before the Fukushima incident in March 2011...
Source: Game of trades
Quantitative tightening (QT) may have taken a backseat in recent months, but is still very much in vogue
Source: BofA, TME
Invest In Assets | Stock Market Investing 📈
"I know many traders, non of them are rich, most of them are stressed out of their minds. I know many long-term investors, many of them are rich, most of them live a peaceful life". Source: Invest in Assets
Here's an index that represents the median stock closing last week at the lowest levels in a year
Source: J-C Parets
