The Euro zone is on an unsustainable path: (i) the European Commission says high debt levels are sustainable; (ii) the ECB intervenes to cap yields for high debt countries whenever yields start spiking. The incentives this creates are clear: high debt countries run big deficits.
Según la Consumer Expectations Survey, los hogares españoles han recurrido, más que los de la #UEM, al crédito y a aumentar las horas trabajadas como vías para amortiguar el impacto de la inflación sobre el consumo https://t.co/LRqxsZdfiQ #bdePublicaciones#inflación 1/3
A Chinese directive known as Document 79 expands a drive that is muscling U.S. technology out of the country. Some refer to it as “Delete A”—for Delete America. https://t.co/3rIJdMOMIn a través de @WSJ
Cost of Shipping Fuel to Asia Jumps 182% Since Yemen Airstrikes
Diversions away from the Red Sea stretch out tanker fleet
Ships that were charging $30,000 a day now cost $83,000
#oott https://t.co/sxcDjuGew4
Did you know that electric cars are more efficient in stop-and-go driving than on highways? Here’s what to know about EVs and driving range. https://t.co/WP9kVq5OJO a través de @WSJ
Crude oil weakness being led by a hard sell off in refinery margins for both gasoline and diesel. The major EU and US cracks have slumped by more than one-quarter this week #oott
For Saudi Arabia, oil is already trading at $100 a barrel. That's bad news for the inflation outlook, argues @Javier Blas #OOTT https://t.co/xeLyJmGPSz a través de @opinion
JUST IN: The equal weighted S&P 500 is now officially down 0.2% this year.
Meanwhile, the S&P 7, which are the 7 largest stocks in the S&P 500 are up 81%.
The S&P 500 as a whole is up ~11.5% this year.
If you would've bought equal amounts of every stock in the S&P 500 a year ago, you'd be down right now while the index entered a new bull market.
Never has the entire market been so driven by just a few names.
What happens if the S&P 7 turns lower?