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Steno Signals #70 – 10 charts you NEED to monitor in global macro

From the ongoing depletion of the Chinese US Treasury holdings, to the BoJ’s impact on global markets concluding with the $-liquidity impact of the ON RRP facility. Here’s a list of 10 MUST watch charts in macro.
2023-10-22
<a href="https://stenoresearch.com/author/andreas/" target="_self">Andreas Steno</a>

Andreas Steno

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Happy Sunday from Mallorca and welcome to our weekly flagship editorial.

The world of Macro never fails at keeping us busy and this week I reveal the 10 charts that I currently monitor daily to keep myself up to speed on allocations amidst this turbulence. Enjoy (the ride)!

It’s been evident for a while that the diversification effects from US Treasuries are weak and we are now approaching a record high correlation between Equity and Bond returns. If you haven’t already altered your portfolio composition, it is already overdue as the 60/40 portfolio seems structurally challenged.

Could energy prove to be the new Fixed Income of portfolios? Find our thoughts below!

Chart of the week: The 60/40 portfolio is dead

From the ongoing depletion of the Chinese US Treasury holdings, to the BoJ’s impact on global markets concluding with the $-liquidity impact of the ON RRP facility. Here’s a list of 10 MUST watch charts in macro.

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