Macro Mornings 💡

💡 Join over +600 ⁠⁠⁠⁠⁠ newsletter subscribers⁠⁠⁠⁠⁠ and +13,000 members across our network - IT'S FREE 🎯 UBS - (12 Market Thoughts) Return to profit growth expected in US in third quarter 👇 THE MACRO BACKDROP IS STILL SUPPORTIVE EARNINGS ARE BEING DRIVEN BY MEGA-CAP GROWTH STOCKS MARGIN EXPANSION LOOKS SET TO CONTINUE 🎯 Fidelity International - (10 Impressive Updates) Market Perspectives 👇...

💡 Join over +500 ⁠⁠⁠⁠⁠newsletter subscribers⁠⁠⁠⁠⁠ and +12,000 members across our network - IT'S FREE 🎯 Wells Fargo Investment Institute – (11 Real Estate Insights) Mortgage applications have dropped to their lowest level in 28 years 👇 HIGHEST MORTGAGE RATES IN 23 YEARS REIT IN 2023 🎯 HSBC - (11 Strategic Updates) Interest rates staying elevated 👇 GLOBAL INFLATION SHOWS FURTHER SIGNS OF EA...

💡 Join over +500 ⁠⁠⁠⁠⁠newsletter subscribers⁠⁠⁠⁠⁠ and +12,000 members across our network - IT'S FREE 🎯 Standard Chartered - (12 Middle East Insights) All eyes on the Middle East 👇 MARKET REACTION BONDS AS A HEDGE ENERGY SECTOR 🎯 Edward Jones - (14 Driver Insights) Short-term risks vs. long-term opportunities 👇 MARKETS HAVE A LONG HISTORY OF OVERCOMING GEOPOLITICAL SHOCKS RATES REMAIN IN T...

💡 Join over +500 ⁠⁠⁠⁠newsletter subscribers⁠⁠⁠⁠ and +12,000 members across our network - IT'S FREE 🎯 Raymond James - (15 Macro Updates) Market’s Highlights 👇 THE FED WANTS TO AVOID SHIPWERCKING THE ECONOMY EQUITIES IN 2024 FIXED INCOME UPDATE 🎯 Russell Investments – (8 Macro Updates) Government bonds are attractive as most central banks are near the end of their rate hikes 👇 GOVERNMENT BO...

💡 Join over +500 ⁠⁠⁠⁠newsletter subscribers⁠⁠⁠⁠ and +12,000 members across our network - IT'S FREE 🎯 Barclays – (8 Innovative Building Insights) Building cities for the future 👇 GLOBAL POPULATION TO REACH 9.7 BILLION CUTTING EMISSIONS AND BOOSTING EFFICIENCIES 🎯 Moody’s Analytics – (16 Impressive Energy Highlights) Energy Outlook 👇 RUSSIA’S HIGH-WATER MARK SAUDI ARABIA PRODUCTION CUT OUTL...

💡 Join over +400 ⁠⁠⁠newsletter subscribers⁠⁠⁠ and +12,000 members across our network - IT'S FREE 🎯 Franklin Templeton - Is policy not as tight as it should be? 👇 STRONGER ECONOMY AND LOWER UNEMPLOYMENT RATE NATURAL RATE IS HIGHER POLICY IS NOT AS TIGHT AS IT SHOULD BE 🎯 BlackRock - New Regime on the table 👇 THE TIGHTER MONETARY MEDICINE IS WORKING? WHAT DID RECESSION HAS GONE? 2 IMPORTANT...

💡 Join over +400 ⁠⁠newsletter subscribers⁠⁠ and +12,000 members across our network - IT'S FREE 🎯 UBS Global Real Estate - Global Real Estate Bubble Index 👇 DEFLATING BUBBLES PRICE CORRECTIONS ACROSS THE BOARD DEMAND SHOWS GREEN SHOOTS 🎯 Charles Schwab - FOMC made a few modifications to its statement 👇 ARE WE AT THE PEAK IN THE FEDERAL FUNDS RATE FOR THE CYCLE SUMMARY OF ECONOMIC PROJECTIO...

💡 Join over +400 ⁠newsletter subscribers⁠ and +12,000 members across our network - IT'S FREE 🚨 Pictet Wealth Management - Is soft landing possible yet? 👇 WHAT DOES FOMC THINK ABOUT RATES CUT? GPD GROWTH FORECAST 🚨 Moody’s Analytics - VIX and APAC region update 👇 VIX HITS ITS LOWEST VALUE VIX REFLECTS OPTIMISM FOR INVESTORS FINANCIAL CONDITIONS MOMENTUM EAST ASIA CONTINUE TO EXPAND. BUT TH...

💡 Join over +400 newsletter subscribers and +12,000 members across our network - IT'S FREE 🚨 Bank of America - 40-year downtrend broken 👇 WORLD NOMINAL GROWTH IS LIKELY TO GROWTH TO 5% INFLATION TARGET REVISIONS LONG TERM STRUCTURAL SHIFT 🚨 T.Rowe Price - Global Markets Update 👇 FED WILL REMAIN ON HOLD FOR THE REST OF THE YEAR? WHAT IS HAPPENING IN JAPAN? JAPAN’S UNEMPLOYMENT RATE CHINA’S...

💡 If you wanna receive Exclusive Updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ 🎯 Rothschild & Co – (8 Macro Updates) The work is not finished yet 👇 • UNFINISHED MONETARY TIGHTENING • INFLATION FOCUS 🎯 BlackRock – (14 Critical Reads) Market expectations 👇 • EARNINGS OUTLOOK • TREASURY YIEL...

💡 If you wanna receive Exclusive Updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ 🎯 Wellington Management – The global economy has been more resilient than expected 👇 • JAPAN REMAINS OUR TOP DEVELOPED EQUITY MARKET • BREAKOUT OF GENERATIVE AI • EQUITIES MARKET • FIXED INCOME UPDATE • INVERTED YIEL...

💡 If you wanna receive Exclusive Updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🎯 JP Morgan Asset Management – 2Q23 Market’s Review 👇 • JAPAN FOCUS • US FOCUS • FIXED INCOME FOCUS • SENTIMENT ON ARTIFICIAL INTELLIGENCE 🎯 Franklin Templeton – Strong move in equity markets before recession 👇 •...

💡 If you wanna receive Exclusive Updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ 🎯 T.RowePrice – Japan Must Update and ECB higher as never in 22 years 👇 • INTEREST RATES HIGH AS NEVER IN 22 YEARS • JAPAN • BOJ LEAVES ULTRA-LOOSE MONETARY POLICY UNCHANGED 🎯 BlackRock – Are Central Banks underappre...

💡 If you wanna receive Exclusive Updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ 🎯 UBS Asset Management – Strategic Viewpoint 👇 • GLOBAL EQUITIES • EX-US DEVELOPED MARKET EQUITIES • EMERGING MARKETS 🎯 Moody’s Analytics – Troubles on the streets 👇 • TROUBLE ON MAIN STREET • DECLINING SALES AND PR...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ Wellington Management –Is the world changing? 3 MAIN CHALLENGES OVER THE LAST DECADES Barclays Private Bank – Are markets remains constructive? IT’S NOT GOING TO BE EASY AFTER THE STORM COMES THE CALM? MILD RECESSION ON CARDS F...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ 🎯 PIMCO Asset Management – Global Economy and Markets over the next five years? SECULAR HORIZON INFLATION TARGETS THE DOLLAR DOMINANT 🎯 RBC Global Asset Management – Global with China Update US YIELDS US DEBT ISSUANCE CHINA U...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ 🎯 Bank of America - Is the Fed Serious About a 2% Inflation Target? 👇 • INFLATION COMES DOWN • FUTURE FED POLICY • THE BEAR MARKET HAS NOT HIT BOTTOM • RATE CUTS 🎯 BlackRock - U.S. stocks climbed to 2023 highs after the debt...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠⁠ 🎯 Moody’s Analytics RETAIL SALES 👇 INDUSTRIAL PRODUCTION 👇 HOUSING MARKET 👇 🎯 Morgan Stanley 100bps RATE CUTS 👇 BANK CREDIT CONDITIONS 👇 INFLATION IS NOT BEATEN 👇 NO BIG RECESSION THIS YEAR 👇 🎯 BlackRock MARKET BACKDROP...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠⁠ 🚨 Bank of America – Is this only the first of 3 inflationary lag? • 👇 PARALLELS BETWEEN WWII AND CORONAVIRUS ERAS • 👇 FEDERAL GOVERNMENT DEFICITS • 👇 MONEY SUPPLY HAS GONE NEGATIVE 🚨 BlackRock Institute – The fastest rate hikin...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠ 🚨 (13 UPDATES) 💲 THE DOLLAR IS HIGHLY UNLIKELY TO LOSE ITS GLOBAL STATUS OVERNIGHT • DOLLAR’S SHARE OF INTERNATIONAL FINANCING 👇 • FINANCIAL MARKETS ARE UNPARALLELED 👇 • GLOBAL TRADE 👇 • TRUST IN THE DOLLAR 👇 🚨 (8 MUST READS) C...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠⁠ • Inflation Down 🚨 • Federal Reserve Pauses • Where Are We Going? (9 Must Critical Points) 👇 • 🚨 Default Rates • China Stronger Than Expected Growth 👇 • Financial Condition Index 👇 • What The Market Are Pricing In? (8 Must Updates...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠ • Pushing inflation to target now calls for a major recession • US Economy, Outlook and Risks • China Economy, Outlook and Risks • EU Economy • Global Macro Outlook • What if the Banking Crisis Is Not Over?

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠⁠⁠ • Profits Cycle Update • Economy wide profits tend to decline more than 20% from peak to recession trough • The FED is reaching the peak policy rate • Inflation fight not over • Living with Inflation • The Beginning of the End of the Fed...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠⁠https://macrobusinessinsights.substack.com/⁠⁠ • Something broke. How the Fed and Markets could translate it into the economy? • Two more hike rates in US. Will be the last two ones? • U.S. stocks and economy update • Fastest pace of rate hikes in decades since 1980. Are we ready for the...

💡 If you wanna have these updates in real time directly to your inbox this is my newsletter - IT'S FREE: ⁠⁠https://macrobusinessinsights.substack.com/⁠ How the markets are reassessing the interest rates Let’s see the inverted curves are an accurate predictor of fate Little update on financial sectors and their cyclicality The tradeoff for the Central Banks between crushing activity or living...