Greetings,
Canada: Just like in the US, residential investment surged last year.
Eurozone: Households are sitting on massive savings.
This chart shows the contributions to investment since 2005.
China: State-owned firms have cut back their borrowing.
Onshore corporate bond defaults surged this year.
Cryptocurrency: The largest Bitcoin fund is trading at a substantial discount to NAV.
Here is JP Morgan’s Bitcoin positioning proxy.
Commodities: Gold ETF volatility is breaking down.
Wheat remains under pressure.
Food For Thought: The Suez Canal situation:
Edited by Devon Lall
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