Container bookings from China to the US are falling sharply ⚠️
Source: Markets & Mayhem, FT
Market-implied US recession chance: 23% (within the next year)
Source: Mike Zaccardi, CFA, CMT, Goldman Sachs
Trump’s first 100 days: the biggest stock winners and losers.
🚀 Winners: $PLTR | Palantir +57% $PM | Philip Morris +39% $DG | Dollar General +36% $VRSN | Verisign +31% $NEM | Newmont +30% $NFLX | Netflix +29% 😨 Losers: $DECK | Deckers Outdoor -48% $TER | Teradyne -44% $ZBRA | Zebra -40% $ALB | Albemarle -40% $DAL | Delta Airlines -36% $UAL | United Airlines -36% Source: The Future Investors
Correlations among US stocks, bonds, dollar are at the highest level since at least 2019 - Piper Sandler
Source: Gunjan Banerji @GunjanJS
⚠️MASSIVE amount of US household wealth has been lost:
US household equity wealth has likely dropped by $ TRILLION year-to-date, the most in 3 YEARS. This may lead to further pullback in consumer spending as the top 10% account for 50% of total consumer expenditures. Source: BofA
Worst net US earnings revisions since 2020!
Source: Win Smart, CFA @WinfieldSmart
🚨The US stock market $SPY is now the 2nd worst out of 45 country ETFs since President Trump's term began in January.
The US is down 14% versus the average country that's up 3.7%. Germany $EWG is outperforming the US by 25 percentage points.🚨 Source: Bespoke
US inflation expectations continue to climb…
In April, 1-year inflation expectations surged by 1.7 percentage points to 6.7%, the highest level since November 1981 (h/t @KobeissiLetter), Augur infinity
