back from vacation and diving into a big week the sp 500 is just over 5 away from hitting its alltime high feds poised for a rate hike second quarter gdp and big tech earnings are rolling in coffee in hand lets conquer this week together institutional investors have never been more bearish on the us dollar   net short positions on usd jumped by 18 last week   driving the sentiment is continued progress on the inflation front   improving inflation means a less hawkish fed which could pose a significant headwind for the dollar   all eyes will be on the fed’s next move speaking of the fed will make its interest rate decision on wednesday afternoon   with markets placing a 998 chance on a 25bps rate hike investors will be parsing powell’s words for clues on future policy   following this week’s hike markets expect the fed funds rate to remain at 525550 through q1 2024   the first cut is seen happening in march after 3 straight weeks of inflows us equity funds saw 23 billion in outflows last week   money still found its way into tech financials and consumer goods   in terms of positioning investors are overweight staples tech and telecom   aggregate positioning in equities is in the 82nd percentile according to deutsche bank led by discretionary investors   still lagging in exposure hedge funds and mutual funds with leadership at its narrowest in 30 years the current rally’s breadth is worse than that of the dotcom bubble according to jpmorgan   but bad breadth could be masking hidden opportunities   goldman calculates the aggregate forward pe of the “magnificent 7” at 32x putting the overall index at 20x   will the laggards close the gap   the former sees demand growing to alltime highs and a significant deficit in the second half   both expect brent to end the year at 86 a barrel   75 and 61 of companies have topped earnings and revenue estimates respectively   blended earnings have dropped 9 while revenue has declined by 03   uk slowdown rising interest rates are hitting consumer spending and manufacturing in the uk   japan inflation the boj may be increasing its inflation forecast to 25 from 18   foreign investment chinese investment in the west has been slowing   housing rally robert shiller says the 10year rally in us home prices could be ending   crisis averted yellow struck a deal with 22000 of its teamstersrepresented workers to avoid a strike   barbenheimer barbie and oppenheimer brought in a combined 235 million at the box office over the weekend   market narratives these are the 2 competing market narratives according to apollo’s torsten slok   hodl some 75 of bitcoin’s btcusd circulating supply is controlled by longterm holders   btc vol bitcoin’s 30day volatility is at its lowest since midjanuary   worldcoin sam altman’s worldcoin launched its wld token today which investors have met with open wallets   xrp ruling an sec appeal in its case against ripple doesn’t appear to represent a significant setback for the ruling   shadow bank bain capital will buy gautam adani’s stake in his shadow bank   investment banking while big wall street firms downsize smaller players are bulking up   ma traders merger arbitrage is among this year’s worstperforming hedge fund strategies   aerospace safran will buy collins aerospace’s flight controls business for 18 billion in cash   espn search in its search for a strategic partner espn has talked with the nba nfl and mlb