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26 Jul 2024

Easing US inflation in June👏

✅Headline PCE prices: 0.1% m/m ✅Core PCE prices: +0.2% m/m 🎯Moving toward Fed's 2% target: ⤵️Headline inflation -0.1pt to 2.5% yoy, IN-LINE with expectations. This is the lowest level since February '21 and down from 7.2% two years ago... ↔️Core inflation is flat at 2.6% yoy, at the lowest level since March '21. This is slightly above expectations (2.5%), which is not such a big surprise as PCE data from yesterday's GDP report revealed a similar picture. Source: Gregory Daco, BEA, EY-Parthenon

26 Jul 2024

🚨 Breaking! US GDP growth surpasses expectations, hitting 2.8% (est. 2.0%, prev. 1.4%).

GDP Annualized QoQ Contribution: Consumption 1.57 pp (prev. 0.98 pp) Government Spending 0.53 pp (prev. 0.31 pp) Investment 1.46 pp (prev. 0.77 pp) Exports 0.22 pp (prev. 0.17 pp) Imports -0.93 pp (prev. -0.82 pp) Source: MacroMicro

25 Jul 2024

CTAs will dump stocks over the next week in EVERY SINGLE SCENARIO warns Goldman Sachs.

If the market trades lower, CTAs are projected to sell more than $7 billion worth of equities.

25 Jul 2024

Trump odds of winning the Presidential election are BELOW where they were after the debate…

Source: Predictit

25 Jul 2024

The steepening trade continues with US 2s/30s yield spread jumping to 12bps, the highest since 2022.

Source: Bloomberg, HolgerZ

24 Jul 2024

India’s dependence on Chinese imports keeps growing:

• In 2023-24 financial year China edged past the US to reclaim its position as India’s top trading partner • India’s imports from China rose by 56% since 2020, fuelling a 75% rise in country's trade deficit with China Source: Agathe Demarais, The Economist

24 Jul 2024

Semi conductors Companies Ranked by Market Cap - @EricFlaningam on X:

1)The scale of the industry is incredible. Many public companies larger than $10B aren’t listed here. 2) $NVDA's performance over the last two years has to be one of the best tech stories ever. Incredible how they built their accelerated computing ecosystem for over a decade before the current infrastructure boom.

24 Jul 2024

US 10y-3m yield spread has been negative for more than 440 days.

But no recession so far... Source: Kevin Gordon

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