❗️🌎#economy #world #deglobalization #worldtrade
JPMorgan: deglobalization has been a myth. Instead, trading patterns have shifted. Notably, there is the Middle East corridor and the Latin America corridor, along with connector economies that play a crucial role in the supply chain, such as Mexico, Poland, Vietnam, Indonesia, and Morocco.

❗️🌎#successstory
stay off the Forbes cover, and all will be well

⚠️🇺🇸#us #economy #savings
The ability of US households to cover an unexpected $2,000 expense is at its lowest level in a decade. Financial fragility is at its worst in a decade for households — BBG

⚠️🇺🇸#business #us #debt
Goldman: borrowing costs for S&P 500 companies = 17-year high
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earlier: there is the sharpest rise in US borrowing costs compared to previous Fed hiking cycles #history

🇺🇸#bonds #us #sentiment
an increasing number of strategists anticipate further recovery in the U.S. bond market — BBG
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Bloomberg Intelligence: US treasuries are poised for double-digit returns in 2024

Barrons: time to buy US bonds

Bill Ackman, recently closed out his bets against US Treasuries

Billionaire Druckenmiller has 'massive' bullish bets on U.S. Treasuries.

Vanguard is bullish on longer-dated US Treasuries

earlier: global fund managers are very bullish on bonds

🇺🇸#bonds #us #history
BofA: US Treasury oversold = historical highs
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earlier: US bonds to ‘rally big’ in 2024 amid recession

earlier: an increasing number of strategists anticipate further recovery in the U.S. bond market

🌎#ironore
iron ore prices = max since Jun 23

🌎#markets #riskon #cash #opinion
WSJ: investors have accumulated record levels of cash ($6T), and as interest rates begin to decline, a significant shift into risk assets (stocks, bonds, and others) is expected.
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cash becomes more attractive - details

🇺🇸#monetarypolicy #us #history
Fed hikes after long pauses are rare

🇺🇸#stocks #us #vix
VIX = min over 3 years on Santa Rally
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⚠️ history suggests that we can expect a significant increase in volatility in US equities in the coming months.

⚠️🇺🇸#stocks #us #monetarypolicy #history #warning
Fed rate hikes historically led to increased US stock volatility

🌎#bonds #debt #world
global negative-yielding debt volume experiences epic decline

🌎#weather #macro
the planet's temperature continues to rise
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earlier: efforts to restrict global warming to 1.5 degrees Celsius are failing “across the board” — and major shifts will be required to create meaningful change, including a much faster move away from using coal to generate electricity #coal

⚠️🇺🇸#inversion #crisis #recession #us #history #warning
Crescat: correlation between the most extreme levels of the inverted yield curve and crises in the US

US Treasury market continues to scream a recession ahead — details