DISCONTENT: The UK faces a ‘winter of discontent’. Real wages are declining at the largest pace ever and forecasts are for the biggest fall in living standards since records...

LAYOFF: High profile tech sector layoffs, from Amazon (AMZN) to Twitter (TWTR), have surged to 135,000 globally at 850 companies. Investors are worried about a white-collar led...

PRESSURE: Global trade volumes are under pressure. Economic growth is slowing, demand rebalancing from goods to services, and trade barriers rising. This is offsetting untangling...

DROUGHT: Markets rallied hard on relief that US inflation is turning down and China’s outlook improving. This adds to supports from less-bad Q3 earnings, below average valuations,...

SOCCER: The 4-yearly World Cup starts Sunday. Nearly half the world’s population will watch. It’s a $30 billion industry in Europe alone (see chart). And could impact your...

UPSIDE RISKS: The decline in US inflation has turbo-charged markets in hope it continues and allows Fed to halt its dramatic rate hiking cycle in Q1. This is our base case. But...

RALLY: We are now well into our fifth 5%+ bear market rally of this downturn. This is supported by fundamentals, from earnings to the Fed outlook and now inflation. But also by...

ALL EYES: China’s 11.11 ‘Singles Day’ looms. What started as a small anti-Valentines Day has grown into the world’s largest shopping event. With spending over $130 billion it is...

GRIDLOCK: Traditional anti-incumbent sentiment (see chart), President’s low approval rating, and inflation concern drove Democrat losses in the US midterm elections. This...

TEST: We are entering the strongest period of consumer spending of the year, and the most profitable one for retailers. But this year is a big test. Consumers have been spending...