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Ytd relative performance

00:01 - 08/06/22

QT is the Fed's own version of an illusory "debt ceiling".

The best performing stocks in the S&P 500 this year...

The worst performing stock in the S&P 500 this year...

Robin Brooks: This is the global economy: weak manufacturing (lhs) vs strong services (rhs). Strong services are basically a wash, since they're strong everywhere. So what stands out is the Euro zone, where manufacturing is especially weak (lhs, red) given the negative terms-of-trade shock...