The Daily Shot 6/10/16: Global Macro Currents Jun10

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Greetings, We begin with the United States where wholesale inventories posted the biggest gain in 10 months. Goldman’s economists raised their Q2 US GDP forecast to 3.2% in response to the higher than expected inventories build. Source: Goldman Sachs This 3.2% GDP growth forecast is inconsistent with the latest Markit PMI report (discussed a couple of

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The Daily Shot 6/3/16: Global Macro Currents Jun3

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Greetings, We begin with several updates on commodities. 1. Soybean meal futures continue to rocket higher. While China’s rising demand for feed is one of the factors, at this point hot money is all over this market. Source: @barchart 2. The situation is similar with US sugar and soy futures, where the rally has accelerated. Source:

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The Daily Shot 5/27/16: Global Macro Currents May27

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Greetings, We begin with the United States where new capital goods orders (ex-aircraft) continue to decline. Weak Capex is likely to keep productivity growth low for some time to come. According to Merrill Lynch, investors are keenly aware of this situation and apparently would like to see more Capex spending by companies. So far, however,

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Hedge Fund Truth – Don’t Believe Everything You Read May17

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It’s time for another animated installment of The Hedge Fund Truth! Turn up your speakers, close your door and watch this week’s video blog. This video looks at some of the truths and fictions around the hedge fund industry, focusing around recent bad press about returns, fees and a shortage of talent. It asks if the

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The Daily Shot 2/12/16: Global Macro Currents Feb12

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Greetings, Let’s begin with the extreme market pressure on the global banking sector that now dominates investors’ concerns (even more so than crude oil). At the center of this turbulence of course is Deutsche Bank. Here is the firm’s senior debt CDS spread which continues to rise. Source: @AlasdairPal News headlines such as the one

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