Lots of things have happened since this cover page by The Economist (October 2024)...
According to the BofA Fund Manager Survey, 69% of investors believe that US exceptionalism has peaked... Have we moved from one extreme to another ????
The us stock market was celebrating St. Patrick’s day today. First green close for S&P on a Monday in 4 weeks...
Source: Evan @StockMKTNewz, Yahoo Finance
Interesting list
Source: QE Infinity
Riskier credit markets are starting to respond more significantly to the dislocation in US equity markets
Spreads on high-yield bonds rose the most since August yesterday. They're still relatively low on a historical basis, but the trajectory is catching many people's attention. Source: Lisa Abramowicz @lisaabramowicz1, Bloomberg
U.S. TARIFFS CHEAT SHEET
Source: Wall St Engine @wallstengine, Bloomberg
🚨US inflation rate is FALLING as expected and there is more to come:
US CPI Core Inflation dropped to 3.1% in February, the lowest in 4 YEARS. Supercore CPI fell to 3.9%, the lowest since October 2023 (driven by Airfares). All metrics came below forecasts. Expect more progress as economy slows. Source: zerohedge
Musk’s cuts fail to stop US federal spending hitting new record...
In February the US budget deficit was BIGGER than ALL TAX REVENUE. Can it be ever be fixed? Source: zerohedge
What a club...
Most of the billionaires who attended Donald Trump’s 2017 inauguration have since seen substantial financial losses, with none taking a bigger hit than Elon Musk, who has lost a staggering $148 billion. Source: Visual Capitalist
