|
The S&P 500 is up 30% since the Yield
Curve (10-year minus 3-month) first inverted back in October
2022 |
|
00:01 -
14/02/24 |
|
|
| |
|
 |
| |
|
|
| |
|
The S&P 500
ended the last week at another all-time high, its 10th of
the year. |
| |
|
 |
| |
|
|
| |
|
The US Yield Curve (10-year minus
3-month) has now been inverted for 473 consecutive days, the
longest inversion in history |
| |
|
 |
| |
|
|
| |
|
With approximately 84% of the
industrial sector having reported 4Q23 results, cash flows
continue to be strong with a few subsectors contributing
most of the strength |
| |
|
 |
| |
|
|
| |
|
Turkish Lira was kept artificially strong until last year's
May elections, after which it was allowed to devalue. It
looks like that's happening again, with a big devaluation
after Mar. '24 elections. Markets have a very negative view
of this kind of political FX manipulation... |
| |
|
 |
| |
|
 |
| |
|
|
