🇺🇸 #SPX | Risk Appetite Is Surging Again in Markets Seduced by #Fed Hope – Bloomberg
*Link: https://t.co/eQmR4Ixq7w pic.twitter.com/xu5pc0Q1Sd

— Christophe Barraud🛢🐳 (@C_Barraud) November 26, 2022

No bear market has ever ended before the associated recession had begun: TS Lombard pic.twitter.com/ubDDvd1WfK

— zerohedge (@zerohedge) November 27, 2022

🇺🇸 Retailers’ Inflation-Fighting Discounts Yield Modest Growth on #BlackFriday – Bloomberg
*Link: https://t.co/F976rgg66n pic.twitter.com/8x3h9GnhPk

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

https://twitter.com/C_Barraud/status/1596526737185177605

🇺🇸 US Shoppers Kick Off Holiday Season With a Muted #BlackFriday – Bloomberghttps://t.co/tOCldN3IHE

— Christophe Barraud🛢🐳 (@C_Barraud) November 26, 2022

A few housing topics 🧵

New home sales increased in October, however with rising cancellations, the Census Bureau overestimates sales and underestimates inventoryhttps://t.co/5o6SbH4ejx

— Bill McBride (@calculatedrisk) November 26, 2022

Realtor .com Reports Weekly Active Inventory Up 49% Year-over-year; New Listings Down 17% https://t.co/2mHcKv04GF pic.twitter.com/NUYh0oLJVu

— Bill McBride (@calculatedrisk) November 27, 2022

🇺🇸 Powell to Set Stage for Slowing #Fed Rate Hikes Amid Hawkish Tone – Bloomberg
*Link: https://t.co/St2ngh6RnM pic.twitter.com/HlCRvhHBjL

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

Perhaps the Fed should switch from core PCE and core CPI to measure of core ex-shelter. In October, core CPI ex-shelter was up 5.9% YoY, and down for the month. This is something to watch.
7/ pic.twitter.com/a8HV7diNda

— Bill McBride (@calculatedrisk) November 27, 2022

US Treasury department issued a 6 month license for Chevron to resume certain operations in #Venezuela pic.twitter.com/oOUrOznShq

— Giovanni Staunovo🛢 (@staunovo) November 26, 2022

Chinese telecoms groups Huawei and ZTE barred from US sales https://t.co/toKUquU4mH

— Financial Times (@FinancialTimes) November 26, 2022

🇺🇸 🇨🇳 *#CHINA TO EXTEND TARIFF WAIVERS ON SOME US GOODS INTO MAY 31 – BBG

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

Canada will act "decisively when investments from state-owned enterprises and other foreign entities threaten our national security," according to an advance document seen by Bloomberg https://t.co/XCT7cHxdvX

— Bloomberg (@business) November 27, 2022

🇨🇳 🌎 #China Unrest Hits Global Markets as Protests Hurt Growth Outlook – Bloomberg
*Link: https://t.co/s2YpRbBvDe pic.twitter.com/bIDAlOJwaf

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

Mainland #China reports 3,648 local symptomatic cases and 35,858 asymptomatic cases for Nov 26.🔼Heading to 40k#Chongqing 194 + 8,667🔼#Guangdong 1,386 + 7,705🔼#Beijing 747 + 3,560🔼#Hebei 79 + 1,545🔽#Sichuan 117 + 1,512🔼#Xinjiang 20 + 972🔼#Henan 169 + 799🔽
—
NHC https://t.co/TcPhlboeoc pic.twitter.com/vXl38wbNNF

— CN Wire (@Sino_Market) November 27, 2022

🇨🇳 #China Protests Spread to Multiple Cities as Anger Builds Against #Covid Zero – Bloomberghttps://t.co/kgD78cplUy

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

🇨🇳 #China | State media doubles down on 'dynamic zero #Covid' strategy – People's Daily
*Need to strengthen management of policies, reiterated 20 optimzied Covid measures to cut transmission routes and return to normal life.
*Link (Chinese): https://t.co/bfpSBG06L4

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

🇨🇳 Goldman Says #China May End #Covid Zero Earlier Than Expected – Bloomberg
*Link: https://t.co/Yl7sjBbyoj pic.twitter.com/1k5TH2iBQ1

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

#Taiwan will lift the outdoor mask mandate from December 1 and lift the cap on arrivals from December 10.

— CN Wire (@Sino_Market) November 28, 2022

JUST IN:
China's January to October industrial profit declines 3.0% y/y to 6.9768 trillion yuan.-NBS
1/ thread #China #industry #profit 🇨🇳 pic.twitter.com/te9lRiSLkX

— CN Wire (@Sino_Market) November 27, 2022

🇨🇳 #China’s Industrial Profits Drop as Covid Surges, Prices Fall – Bloomberg
*Link: https://t.co/BNUlsLnZIP pic.twitter.com/2qaAXedFiu

— Christophe Barraud🛢🐳 (@C_Barraud) November 27, 2022

Hong Kong Air Cargo (October) loaded and discharged -23.80% YoY
Cathay Pacific -20.10% pic.twitter.com/3k81Bghwi4

— Sunil Beri (@sunchartist) November 27, 2022

Slower Growth Will Be Good for India, For Now, Economists Say – BBG https://t.co/1pKXrXfM1h

— LiveSquawk (@LiveSquawk) November 28, 2022

🇰🇷 Korean House Prices Drop by Most Since 2013 as Credit Woes Mount – Bloomberg
*Link: https://t.co/zCwiBkU1tM pic.twitter.com/ovaBUKF2CJ

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

Hong Kong's property market is in a rare downturn that's extending to the city's luxury homes https://t.co/pszHOSzyml

— Bloomberg (@business) November 28, 2022

Hong Kong home prices near five-year low after biggest monthly drop of year https://t.co/4OF2oN0Gp3

— South China Morning Post (@SCMPNews) November 28, 2022

Australia has a stronger probability of bringing its economy in for a “soft landing” than almost any other developed-world counterpart, central bank chief Philip Lowe says https://t.co/vDCN5F20XR

— Bloomberg (@business) November 28, 2022

$AAPL Apple To Lose 6 Million iPhone Pros From Tumult At China Plant – BBG https://t.co/fUUfPokiUJ

— LiveSquawk (@LiveSquawk) November 28, 2022

Russia’s new envoy to China vows to fight ‘unipolar hegemony’ https://t.co/An9Po7a9kc

— South China Morning Post (@SCMPNews) November 28, 2022

Eurozone M3 Money Supply (Y/Y) Oct 5.1% (est 6.1%; prev 6.3%)

— LiveSquawk (@LiveSquawk) November 28, 2022

Discounts return on UK homes in latest sign of market turbulence https://t.co/Rs4sOkfX0L via @_DamianShepherd pic.twitter.com/7lrKBpdjgB

— Zoe Schneeweiss (@ZSchneeweiss) November 28, 2022

🇪🇺 #ECB GOVERNING COUNCIL MEMBER KNOT SPEAKS IN PARIS – BBG
*ECB'S KNOT: UNDERLYING INFLATION TRENDS ARE WORRISOME
*KNOT: RISKS TO INFLATION FORECAST ENTIRELY TILTED TO UPSIDE

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

🇪🇺 All eyes on the November flash HICP release on Wednesday. Consensus is for unchanged core inflation at 5.0%, so risks look more balanced this time. Despite @Isabel_Schnabel's "limited room for slowing down" it may take another upside surprise for the ECB to hike by 75bp again.

— Frederik Ducrozet (@fwred) November 28, 2022

Spain is readying a new aid package for power-intensive companies including ceramic and fertilizer makers which are struggling due to mounting energy costs, according to people familiar with the plan https://t.co/UMcxIVIjnU via @alonsosotoj @rorihuela pic.twitter.com/uJuSWkxoJr

— Zoe Schneeweiss (@ZSchneeweiss) November 26, 2022

The German government will delay the start of a planned windfall levy for power producers https://t.co/dLgBBNF6AG

— Bloomberg (@business) November 25, 2022

Italy has a $127 billion debt problem it can’t easily resolvehttps://t.co/cgXFLbWG7l via @gmorpurgo pic.twitter.com/rn17ikBiS1

— Zoe Schneeweiss (@ZSchneeweiss) November 28, 2022

Germany’s network regulator has set out a series of indicators on how the country is monitoring its gas supply https://t.co/gOy3oeTkqu

— Bloomberg Economics (@economics) November 27, 2022

Ukraine wants lower cap on Russian oil, at $30-$40 per barrel #oott #Russia https://t.co/vBPGmrm75A

— Giovanni Staunovo🛢 (@staunovo) November 26, 2022

Another round of oil talks as deadline looms: Brussels Edition https://t.co/JGGMI84FaF via @KatRosskopf pic.twitter.com/dX2i2157rG

— Zoe Schneeweiss (@ZSchneeweiss) November 28, 2022

⚠ #WeekAhead: Week 48 (2022) ⚠

🇺🇸 Cyber Monday
🇺🇸 🇪🇺 🇯🇵 🇬🇧 Powell, Lagarde, Bailey and Kuroda Speak
🇺🇸 U.S. Employment Report
🇺🇸 Beige Book
🇪🇺 Eurozone CPI
…https://t.co/GfkqsAxvqR

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022

🛢🇨🇳 Chinese #oil demand could drop to an average of 15.11 million barrels a day in the fourth quarter, down from 15.82 million barrels in the same period last year, according to an estimate by Gregory Lackner, an oil products analyst with Kpler.https://t.co/o0c1PVsHmv

— Christophe Barraud🛢🐳 (@C_Barraud) November 28, 2022