FlowBank

1178 days ago

This explains why EUR/USD is rolling over right now

The reflation trade looks more powerful in the US than Europe if judged by the rise in yields, which are rising quicker in the US than in Germany.

#Bonds #Macro
This explains why EUR/USD is rolling over right now

1179 days ago

Brokers remain extremely optimistic about the global market recovery

On the graph below, you can see the pre-Covid GDP Path in yellow compared to the Morgan Stanly forecast in blue. Although Q1 2021 was a little downgraded, MS expects an even higher GDP level than the pre-Covid path starting Q2 2021. And this is not only talking of GDP: 92% of S&P 500 stocks are trading above their 200-day average while at the same time, Q4 2020 earnings growth for the index is tracking at negative 9% since the previous year. 

#Macro
GDP pre-covid vs. forecasted

1180 days ago

Nearly half of Republicans approve the riots

Source: Statista 

#Macro
Half of republicans approve the riots

1180 days ago

The rise of US Public Debt is unlikely to stop any time soon

As highlighted by Crescat Capital, with a Democratic sweep, Yellen’s return, IMF calling for a Great Reset, Fed saying: "not even thinking about thinking about raising rates", unlimited QE on autopilot and Twin deficits getting worse, there is no wo way this is stopping at $27T of public debt... 

#Macro
US Public debt

1181 days ago

Brrrrrrrrrr M1 money stock up 65% in 2020

Historic spike in money creation explains a lot of the changing inflation expectations

#Macro
Brrrrrrrrrr M1 money stock up 65% in 2020
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