One:
Two:
Foxconn (major Apple supplier) founder and Taiwanese billionaire Terry Gou wrote on Facebook (since deleted) on Wednesday:
"If a war breaks out in the Taiwan Strait, it wouldn't take a month or even an hour, but just 10 seconds for the Wall Street stock market to collapse."
Three:
Satellites tracking Amazon’s logistical centers show that activity in the US declined in 2023 and is at the bottom-end of it’s historical range.
Four:
Hedge funds are underperforming broad US equities YTD. Sure, not all hedge funds are meant to track a long-only index, but this underperformance is yet another indication that many hedge funds are all sizzle and no steak.
Five:
Nonfarm payrolls expanded by 187,000 for July, slightly below the Dow Jones estimate for 200,000. This brings the monthly change in NFP in-line with the pre-Covid average. The big question is will payrolls continue to trend downward? And will growth in average hourly earnings (which have remained persistently high) follow?
Continued declines could add weight to the disinflation narrative.
Six:
According to the Congressional Budget Office, US debt will rise to $52 trillion by 2033. Bank of America broke that down to be $5.2b daily for the next 10 years.
Seven:
Imagine buying a ‘safe haven’ asset only to lose a decade’s worth of returns on an inflation-adjusted basis?
Eight:
Analyst forecasts tend to have little predictive value. Rather, forecasts tend to follow the market.
Nine:
“To a man with a hammer everything looks like a nail”