Top 10 Macro/Financial Charts of the Week – w37 (2023)
Find here the top 10 charts of the week, published on Twitter, that attracted attention among the macroeconomic and/or financial community.
Happy Friday! The S&P 500 buyback blackout begins today as 50% of $SPX companies will likely have entered their blackout window. pic.twitter.com/VB1gNwEExi
— Markets & Mayhem 🤖 (@Mayhem4Markets) September 15, 2023
Retail stock purchases vs student loan payments (via @vandaresearch)https://t.co/QwGQCqEIhB pic.twitter.com/u2THbzX6Ju
— zerohedge (@zerohedge) September 12, 2023
'We are experiencing an anomaly where, despite rising real risk-free bond yields, there has been no structural re-rating of U.S. equities. The likely culprit is the prevalence of systematic "model" portfolios like target date funds.' https://t.co/kORHaUk0D4 by @profplum99 pic.twitter.com/SeFQk66dVQ
— Jesse Felder (@jessefelder) September 12, 2023
Treasuries are no longer the safest alternative.
— Otavio (Tavi) Costa (@TaviCosta) September 15, 2023
In fact:
For the first time in 45 years, US Treasuries now have higher downside volatility than gold.
This is undeniably crucial.
The shifting dynamics of capital moving away from crowded equity and fixed-income holdings, as… pic.twitter.com/XzPoytI9mr
JUST IN: Union of Auto Workers (UAW) officially begins strike with 12,700 workers at three plants.
— The Kobeissi Letter (@KobeissiLetter) September 15, 2023
This includes workers at Ford, General Motors, and Stellantis.
The strike could impact as many as 146,000 workers by next week.
What does this mean?
46% of US auto production is… pic.twitter.com/JOElfYOfJS
🇺🇸 US #Housing Affordability Remains at a Record Low, NAR Says – Bloomberghttps://t.co/aHXcJnOt5y pic.twitter.com/2NP2NFgtlY
— Christophe Barraud🛢🐳 (@C_Barraud) September 13, 2023
🇺🇸 #Inflation | On a YoY basis, market #rents suggest that CPI Shelter growth should slow further in the coming months.https://t.co/BRNZUbayux pic.twitter.com/oS7Ans2IPO
— Christophe Barraud🛢🐳 (@C_Barraud) September 13, 2023
🇩🇪 #Housing #Contruction | German builders warn of crisis as they scrap record number of projects – FThttps://t.co/I4PsfKIoMUhttps://t.co/VIR3epxVj7 pic.twitter.com/ZbGTT34vCd
— Christophe Barraud🛢🐳 (@C_Barraud) September 12, 2023
🛢 #OPEC #Oil Data Show 3 Million-Barrel Shortfall on Saudi Supply Squeeze – Bloomberghttps://t.co/0mqcgFRXTbhttps://t.co/jlGNjmeeE2 pic.twitter.com/8u5icTMq0a
— Christophe Barraud🛢🐳 (@C_Barraud) September 12, 2023
Global oil inventories are now at their lowest levels since @Kpler data begins (2017), and we believe will end 2023/2024 at a ~378MM/750MM Bbl deficit relative to a 2017-2019 baseline average. This would strongly suggest a higher oil price, yet at the current price many stocks… pic.twitter.com/zHcCVRfiKd
— Eric Nuttall (@ericnuttall) September 11, 2023
*Note: Previous reports can be found here