Discover more from Daily Chartbook
DC Lite #3
5 of the day's best charts and insights
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights. Upgrade to get all 30 charts.
LAUNCH PROMOTION: Get an additional 10% off the already discounted annual price if you upgrade by November 30. That’s your first year of Daily Chartbook for $180!
1. Food prices. "Despite worries about the impact of El Niño and the Russia-Ukraine war, global food prices continue to drop. The monthly FAO food price index, released earlier today, is at a 2½-year low."
2. NFP (II). "96,000 people reported being out of work due to a strike or labor dispute in October. That's the most since 1997."
3. Sahm Rule. The Sahm Rule, which has no false positives, "posits the start of a recession when the three-month moving average of the unemployment rate rises by a half-percentage point or more relative to its low during the previous 12 months." Current reading: 0.33.
4. SPY vs. TLT (II). Long-term bonds are more volatile than stocks.
5. EM fund flows. EM debt and equity funds saw the largest outflow since June. Meanwhile, EM stocks are at 52-year lows relative to US stocks.
Have a great weekend!