The usual end-month table displaying, in this case, investor returns for 2023 as a whole. The Bad News: A painful year for most assets. The Good News: This followed two strong years for most. The Driver: Liquidity which, after being very ample and extremely cheap, reversed course

As expected, the WorldBank has sharply revised down its #growth projections for the global #economy (below) and accompanied this with quite a few sobering messages. The #IMF is expected to do the same, also highlighting the need for a stronger policy response. IMF #markets

اللهم اجعل هذا الصباح صباح خير لا يضيق لنا فيه صدر ولا يخيب لنا فيه أمر، واجعل لنا بكل خطوة توفيق وتيسير وأجر. اللهم ارزقني برزق من عندك لا حد له، وفرج من عندك لا مد له وخير من عندك لا عدد له، اللهم امين

Such a simple solution to a long-standing issue for many! H/T Erik Brynjolfsson

"If you want to know what's going to happen in the year, follow the 2-year yield at this point. That's the market indicator that has the most information," says Mohamed A. El-Erian "If it continues going up I'd be worried. If it goes back down towards 4% where we were, I'd be bullish."

Via The Wall Street Journal: What a cleverly designed chart from the International Monetary Fund. #economy #growth IMF @wsj

A blunt fact remains when you step back from all the details on Credit Suisse-UBS deal #Switzerland's second-largest bank--a bank that opened its doors for business in 1856 and was one of the 30 systemically important #banks around the world--will no longer exist as a standalone

Happy Birthday, NYSE 🏛! On May 17, 1792, 24 traders gathered near Wall and Williams Street, according to legend, under a buttonwood tree (a sycamore), so called because the wood was hard and used to make buttons. 231 years later, the NYSE is still here. NYSE 🏛

Why better-than-expected earnings this reporting season may have trouble boosting market further. The good news: Q2 is likely the trough for earnings. Bad news: earnings are not the problem, it’s valuations. They are very high. cnb.cx/3D89KBr CNBC

Strong market, but a warning sign for earnings season: $DAL reported great numbers and guided higher. It opened up strong but closed down 0.5%. Traders sold right into the initial rally. My point: it may be tough to push stocks forward even with strong earnings. CNBC

A penny doubled each day for a month: day 1: $0.01 day 2: $0.02 day 3: $0.04 day 4: $0.08 day 5: $0.16 day 6: $0.32 day 7: $0.64 day 8: $1.28 day 9: $2.56 day 10: $5.12 day 11: $10.24 day 12: $20.48 day 13: $40.96 day 14: $81.92 day 15: $163.84 day 16: $327.68 day 17: $655.36

The Russell Micro Cap is the bottom 1,000 stocks in the Russell 2000. They are still down on the year. These are the most sensitive to higher rates.

حق اللي ما يعرف القصّة ✨

الله ينصرهم و يكون في عونهم ويصبرهم أهلنا في فلسطين 🇵🇸

Schools are #NotATarget. Hospitals are #NotATarget. Children are #NotATarget. Civilians are #NotATarget. Humanitarians are #NotATarget.

We are in shock and mourning. It is now confirmed that 29 of our colleagues in📍#Gaza have been killed since October 7. Half of these colleagues were @unrwa teachers. As an Agency, we are devastated. We are grieving with each other and with the families.

Oh the Irany …

Apple, $AAPL, has gotten so big it’s almost overtaken France’s entire stock market. The combined market value of companies listed in Paris was about $3.2 trillion versus the technology giant’s $3.1 trillion.

New LNG project approvals surged in 2025, adding to the coming wave of natural gas supply About 300 billion cubic metres of new annual LNG export capacity is scheduled to start operation by 2030 But questions remain about where all the new LNG will go 👉 iea.li/49dSDzj

Brokers have told the FT that war risk insurers have submitted cancellation notices for policies covering ships moving through the Strait of Hormuz, a key oil chokepoint, with prices set to rise as much as 50% in the coming days ft.trib.al/QCeOCQ7