Powell created a massive risk-on rally, except in China!
Is there any light at the end of the Chinese tunnel? Not really right now.. More -> https://lnkd.in/dPtzTzFV
Uncategorized
Inflation risks are mounting. Supply chain pressures collapsed from highs as the world came out of lockdown, but are now rising again.
The fracas in the Red Sea is a reminder how brittle supply chains are in an era of heightened geopolitical tensions But it’s not only supply chains. Leading indicators for wages, profit margins, house prices, food and several others show that disinflation will soon peter out, and inflation is set to begin rising again next …
FT: Recession fears in Europe punish risky borrowers with higher yields 📈📈📈
Credit spread with US triple C issuers is highest since 2009 A powerful rally in risky financial assets has left behind #Europe’s weakest corporate borrowers, with #recession fears persisting in the region just as optimism grows about a US “soft landing”. Europe’s riskiest corporate #bonds now have an average yield of 19.66 per cent, according to an Ice BofA index …
FT: Recession fears in Europe punish risky borrowers with higher yields 📈📈📈 Read More »
Does this recent stock market rally feel right to you? Does it feel very speculative? Why did the FED reverse interest rate guidance so significantly in such a short time frame?
Charles Hugh Smith answers those questions from his perspective in this article. In it, his analysis does a good job describing the extreme “FINANCIALIZATION” process I’ve also been detailing in my Investment Letters and posts. While he points to the limitations to “FINANCIALIZATION” that he believes inflation presents, I’m more concerned about mounting credit problems …
In my experience, this week was one of the most #ashtonishing ever.
The last reason will concern you: 1. S&P 500 $SPX hit its most #overbought level yesterday since September 2020. 2. Dow hits #ATH and stands at its most #overbought level since January 2018. 3. Nasdaq hits #ATH, pushing short selling funds into liquidation. 4. Russel2000 gained 124 points in one week, #biggest gain since November 2021. 5. Apple in yesterday’s All Time High close, …
In my experience, this week was one of the most #ashtonishing ever. Read More »
