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The United States: According to Deutsche Bank, the US has the largest negative net international investment position in the world. This is driven by substantial foreign ownership of US assets amid high valuation of the dollar assets and the dollar itself.
Europe: Germany’s transition from a net electricity exporter to a net importer closely followed the completion of its nuclear phaseout, while France’s exports surged after recovering from widespread nuclear outages.
Asia-Pacific: South Korea’s household credit growth appears to be stabilizing.
Commodities: The largest gold ETF is seeing some outflows.
Equities: The Nasdaq’s trajectory following the release of ChatGPT continues to mirror the post-Netscape pattern, with similar gains through the first 617 days.
Rates: The X-date is projected to fall in late August or early September.
Food for Thought: Most in-demand AI job skills in the US in 2024 by number of postings:
Edited by Abraham Lent
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