Τα Διαγράμματα της ημέρας

The FANG+ index almost perfectly re-tested its prior highs from late 2021, and recently formed what appears to be a double top

00:01 - 25/08/22

52 years ago, the US dollar was took off the gold standard and it's purchasing power has plummeted

After adjusting for inflation, US retail sales fell 1.3% over the last year, the 9th consecutive YoY decline. That's the longest down streak since 2009. Nominal retail sales increased 2% YoY vs. a historical average of 4.7%

No wonder rate hikes have had almost no impact on corporate interest expense so far

Argentina is flirting with dollarization, which is a peg to US Dollar by another name. That's odd timing given how many pegs have blown up since 2019, including Nigeria (-52%), Egypt (-48%), Pakistan (-47%), Sri Lanka (-44%, pictured) and Ukraine (-36%). This is no time for pegs