This week we look at the following charts and themes:

  • Global equities vs Global consumer sentiment (and the gap vs the global PMI).
  • US cyclicals vs defensives (vs emerging markets) – a key leading indicator to the stock market correction.
  • European and US bank CDS pricing – European bank CDS are trending up, and this is a key risk to monitor.
  • USDCNY outlook – all the fundamentals point to the USDCNY heading to 7 or higher.
  • Risks to the US dollar and Asian/EMFX (if the USDCNY does break the barrier).

    • Video Length:  00:15:35

     

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