Bank earnings, rising mortgage rates, what strategists say about the selloff, and “dangerous undercurrents” in the global system

I am going to start putting the weekday newsletter into sections to create a flow between news items. I have six sections in todays's newsletter: markets, macro, micro, the US, the UK, and China. So there's a lot of news flow, most of it negative unfortunately. The key piece in the mix of all of this is the 4.2% update to the GDPNow tracker. That tells you that, despite the negative news flow, the fundamentals in the US are still on track.
Markets
My view: This downdraft will eventually pass as ...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More