Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market.
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IMF DOUBLES 2024 GROWTH OUTLOOK FOR RUSSIA
Russia’s wartime economy will expand by 2.6 percent this year, the International Monetary Fund (IMF) has forecast, more than doubling its 1.1-percent estimate made in October but slightly less than the 3 percent expected for 2023.
ECONOMIC UPDATE – MARKET OVERVIEW
What difference does it make as to what the equity markets are doing, why they are going up or down or the geopolitical and socioeconomic trends that are shaping the future?
EMERGING NATIONS BUCKLING UNDER DEBT LOAD, WORLD BANK WARNS
The past year’s surge in interest rates has piled record amounts of debt onto poor nations, depriving them of money needed to invest in education, healthcare, infrastructure, and other essential building blocks they need to rise out of poverty, the World Bank said in a report last week.
TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: LEADERS OF UN, IMF CALL FOR END TO FOSSIL FUEL SUBSIDIES
António Guterres, UN secretary-general, and Kristalina Georgieva, managing director of the International Monetary Fund (IMF) called for an end to global subsidies of fossil fuels, which surpassed $7 trillion in 2022, according to an IMF analysis.
ECONOMIC UPDATE – MARKET OVERVIEW
Gregory Mannarino got it right. In his article this week he states that “Currently every single forward-looking economic indicator is pointing towards dramatically worsening economic conditions moving forward, and this IS good news for the stock market. While it may seem or even sound counterintuitive, in today’s environment the faster the economy craters the higher the stock market will go.”
INTEREST PAYMENTS ARE EATING GOVERNMENT BUDGETS
After piling up debt to fund COVID-era stimulus programs and health care costs, the world’s national governments will pay an additional $2 trillion in interest this year, according to data compiled by the International Monetary Fund and analyzed by research firm Teal Insights.
ECONOMIC UPDATE – MARKET OVERVIEW
As we had forecast since the U.S. Fed started raising interest rates back in March 2022, the higher interest rates rise, the stronger the dollar will get.
NATIONS BOOST FOSSIL FUEL PRODUCTION, VIOLATING CLIMATE PLEDGES
In the 2015 climate summit, world leaders promised to cut fossil fuel production and use to a level that would limit global warming to 1.5°C above pre-industrial temperatures.
HIGH U.S. INTEREST RATES SPARK “CRISIS” AMONG EMERGING NATIONS
Many emerging nations are being thrown into a “silent debt crisis” by high interest rates in the U.S., the World Bank has warned.