🌎 Investor positioning remained very cautious in November, according to the Bofa global fund manager survey, which took place before the latest US inflation data – Bloomberg
*Cash was the most popular asset class, with net 51% of investors saying they are overweight pic.twitter.com/wy47uK3aER

— Christophe Barraud🛢🐳 (@C_Barraud) November 15, 2022

Retailers’ pricing power continues to weaken as inventories climb. pic.twitter.com/E0jTcNAsAG

— Mike Zaccardi, CFA, CMT (@MikeZaccardi) November 15, 2022

🇺🇸 US Producer Prices Cool by More Than Forecast on Heels of CPI – Bloomberg
*Link: https://t.co/2xiPKygtAY pic.twitter.com/GaRxx1eL4f

— Christophe Barraud🛢🐳 (@C_Barraud) November 15, 2022

Inflation: Comparing to 1980, and Core CPI ex-Shelter https://t.co/zMbTc94lHa pic.twitter.com/8004f6JHcz

— Bill McBride (@calculatedrisk) November 15, 2022

🇺🇸 #Housing | Rate Hikes Loom Over the Industry as #Rents Moderate – Yardi
*U.S. asking rents increased $3 in October to $1,727. Year-over-year growth fell to 8.2%, the lowest level since the summer of 2021 ⚠
*Link: https://t.co/2cJf1rc2gP pic.twitter.com/LF1biOginK

— Christophe Barraud🛢🐳 (@C_Barraud) November 15, 2022

🇺🇸 Annual Single-Family #Rent Growth Decelerates for Fifth Consecutive Month – Corelogic
*Rent growth this September was slightly below that of September 2021.
*Link: https://t.co/SNwLjEC6KR pic.twitter.com/cORTxnPees

— Christophe Barraud🛢🐳 (@C_Barraud) November 15, 2022

🇺🇸 Two-year #Rent Growth Streak Ends in Small Step Toward Normalcy – Zillow
*Asking rents across the U.S. finally ended a non-stop growth streak in October, falling 0.1% month-over-month and marking the first monthly decline in two years. ⚠
*Link: https://t.co/Xl8yQ1WUEx pic.twitter.com/XKjl4196bH

— Christophe Barraud🛢🐳 (@C_Barraud) November 15, 2022

We can track pendings to see the earliest proxy of sales that'll complete in the future.

With 314,000 homes in contract, that's fewer than any time since early pandemic

Only 50k homes went into contract this week. That's as slow as Christmas week usually is.

5/6 pic.twitter.com/yRGHBjudkn

— Mike Simonsen 🐉 (@mikesimonsen) November 14, 2022

Philadelphia Fed President Patrick Harker says he expects officials to slow the pace of their interest-rate increases as monetary policy approaches a sufficiently restrictive level https://t.co/BBhsjkG14A

— Bloomberg (@business) November 15, 2022

🇺🇸 #Trump Makes His 2024 Run Official, Defies Calls to Move On – Bloomberghttps://t.co/rQ6HyTm69A

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇺🇸 🇷🇺 🇵🇱 Biden Says Unlikely #Rocket That Hit #Poland Was Fired #From Russia – Bloomberghttps://t.co/B48IOsIcqF https://t.co/DQHurS5rej

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇺🇸 🇨🇳 🇹🇼 U.S. congressional panel seeks #China sanctions body with eye on #Taiwan – Nikkeihttps://t.co/R6SaKu3vwn

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

China mainland reports over 20k local COVID-19 cases today, the most since April. https://t.co/YY7F41MM8b

— CN Wire (@Sino_Market) November 16, 2022

🇨🇳 #China’s Virus Cases Surge to Near 20,000 in Test for #Covid Zero – Bloomberghttps://t.co/LTldD9Chad

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇨🇳 #China's home prices see biggest fall in 7 years, recovery bumpy – Reutershttps://t.co/BRf164ZQTN

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇨🇳 #China #Property Developers Rush to Raise Funds After Shares Jump – Bloomberg
*Link: https://t.co/kw5ZHUlHlD pic.twitter.com/wPqHNCzV79

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

Top #property developer #Sunac China is in talks with creditors to restructure all of its 14.6 billion yuan onshore bonds, including corporate bonds and ABS.
Sunac engages CICC on restructuring plans.
Sunac bondholders received yuan coupon installment due today.

— CN Wire (@Sino_Market) November 16, 2022

🇨🇳 #China Banks Face $200 Billion in Losses From #Property, UBS Says – Bloomberghttps://t.co/Xq8lVy5zw2

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

Japan's Sept machinery orders unexpectedly fall, raising capex concerns https://t.co/z0pbGtOAHE pic.twitter.com/A2u76AFE2D

— CNA (@ChannelNewsAsia) November 16, 2022

🇨🇳 Chinese banks are likely to cut loan prime rates with 5-year maturities or longer tenure further this year, although the central bank kept its medium-term facility unchanged this month, Securities Times reported citing analysts.
*Link (Chinese): https://t.co/nyi77mjz79

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇨🇳 🇺🇸 #China’s #PBOC Governor Says Talks With Yellen ‘Very Constructive’ – Bloomberghttps://t.co/j7A5euKNKb

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇨🇳 🇷🇺 🇺🇦 #China Tells #Russia It’s Willing to Help With #Ukraine Peace Talks – Bloomberghttps://t.co/GtB9pBasFP

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇨🇳 🌎 Xi sheds 'wolf-warrior' coat on return to world stage – Nikkeihttps://t.co/GefIyeJVBO

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

🇬🇧 UK #Inflation Hits 41-Year High on Soaring Energy Prices – Bloomberg
*Link: https://t.co/hSjIv2rWMi pic.twitter.com/ZvO2XFMa0f

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022

Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 9.6% in the 12 months to Oct 2022, up from 8.8% in Sept.

CPI rose by 11.1%, up from 10.1%.

These increases were driven by gas and electricity prices.

➡️ https://t.co/xlVI9UpAdp pic.twitter.com/5Viqzc65zR

— Office for National Statistics (ONS) (@ONS) November 16, 2022

Euro zone banks could take big hit from inflation income drain, ECB says https://t.co/fdwbFbKRhP

— Mitì Vigliero (@Miti_Vigliero) November 15, 2022

Chancellor of the Exchequer Jeremy Hunt will confirm he's lifting the cap on UK bankers’ bonuses when he delivers his Autumn Statement on Thursday https://t.co/zIBXafisQ6

— Bloomberg (@business) November 16, 2022

Poll: UK Bond Dealers See Jump In Gilt Issuance For 2023/24 – RTRS https://t.co/L7SfTlRPKC

— LiveSquawk (@LiveSquawk) November 16, 2022

Russia's Transneft: notified by Ukraine of oil supply suspension to #Hungary via Druzhba – RIA #oott https://t.co/2RIlRjblvg

— Giovanni Staunovo🛢 (@staunovo) November 15, 2022

EU outlines natural gas price cap proposal for major global hub https://t.co/RJ8wTOQq2E via @E_Krukowska pic.twitter.com/7PtEwigktT

— Zoe Schneeweiss (@ZSchneeweiss) November 16, 2022

European gas price cap plan floated as the EU prepares its version https://t.co/R7EW6fCQYa via @E_Krukowska pic.twitter.com/HVcfSg5ST3

— Zoe Schneeweiss (@ZSchneeweiss) November 15, 2022

The attack, which killed two people at a village about 6 kilometers (4 miles) from the frontier with Ukraine late Tuesday, comes as tensions are already high with Russia over its February invasion of Ukraine https://t.co/SOPu27OBwQ

— Bloomberg (@business) November 16, 2022

NATO’s crucial question: Was Poland missile strike deliberate? https://t.co/MId6eE9YAk via @nat_droz pic.twitter.com/y1egkw6z8i

— Zoe Schneeweiss (@ZSchneeweiss) November 16, 2022

https://twitter.com/C_Barraud/status/1592047443927248896

🌎 #Deflation | #Food Prices Are Coming Down — Just Not in Time for Thanksgiving – Bloomberg
*Link: https://t.co/fDfXI6mcB1 pic.twitter.com/JwS9C6RxlW

— Christophe Barraud🛢🐳 (@C_Barraud) November 16, 2022