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Fed started an easing cycle with home prices at all time highs and rising 6%.

00:01 - 30/09/24

 

 

 

Global recession risk is rising sharply. The forward-looking orders - inventories component in the S&P Global manufacturing PMIs is going negative all over the place. For the US (red), it just fell to a more negative level than in late 2022 right after Russia invaded Ukraine...

 

 

 

China ETF call volume

 

 

 

Gold now trading at 40-year extremes relative to its 200D moving average

 

 

 

US Equity Performance vs Rest of the World

 

 

 

 

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