📑 Research Notes for 2022-08-22
This week, we look at a possibility of an L-shaped recession, the Jackson Hole conference, China's selling of U.S. treasuries, and Dalio's selling of Alibaba.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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L-Shaped Recession Is Needed to Conquer Inflation.
The US economy may need to undergo a deeper, and longer recession than investors currently anticipate before inflation can be brought under control, according to Zoltan Pozsar of Credit Suisse Group AG.Â
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A Look Ahead to The Jackson Hole Conference.
Dominique Dwor-Frecaut, Macro Hive Senior Strategist, joined "Bloomberg Markets: Americas" on Friday morning. She told Alix Steel and Guy Johnson the more the Federal Reserve falls behind the curve, the more aggressive it will have to be.
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China Dumps U.S. Treasuries For A 7th Straight Month As It Defends The Yuan Against The Dollar.
China sold US government debt for a seventh straight month in June, in a potential sign that Beijing is trying to defend the yuan against the dollar. China's holdings of US Treasuries fell to $967.8 billion in June, down from $980.8 billion in May, Treasury data showed Monday. Its holdings have dropped sharply from a year earlier, when they stood at $1.06 trillion.
🔗 Source
Dalio Liquidates His Alibaba Stake Amid Fire Sale of Chinese Stocks.
Bridgewater Associates founder Ray Dalio, perhaps China’s biggest bull on Wall Street, unloaded his firm’s entire stake in e-commerce giant Alibaba amid a fire sale of its holdings in U.S.-listed Chinese stocks.
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Last Week’s Market Performance Heatmap
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Curated by Joseph Lu, CFA®
Joseph is the founder and a managing director of Conscious Capital Advisors, as well as a CFA® Charterholder.
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