Daily Charts
“Clearly you don’t want to own bonds and stocks.”
“You can’t think of a worse macro environment than where we are right now for financial assets,” billionaire hedge fund manager Paul Tudor Jones says. cnb.cx/3w1Eujj
Financial conditions will put pressures on earnings and equity levels
We just experienced the worst monthly performance for the 60/40 portfolio, performance only seen during the covid crisis and the global financial crisis.
Ample pressure in the job market remains. If each unemployed person has two jobs to choose from. If everyone signed on the dotted line tomorrow, there would still be approaching 6 million job vacancies.
U.S. investment-grade bond yields are the highest relative to S&P dividend yields in more than a decade.
Metals are under pressure due to slowing demand form China.
