Hedge Funds Boost Oil Bullish Bets

🛢️ 🛢️ #Oil: #Hedge #funds boosted #bullish #bets on Brent and WTI crude in the week ended June 6, with long positions on the global benchmark reaching a six-week high
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Banks Downgrade Chinese Stocks

🇨🇳 🇨🇳 Strategists at Goldman Sachs Group Inc., Nomura Holdings Inc. and Morgan Stanley have all slashed their MSCI China Index targets over varying periods by at least 11%. Their latest projections suggest that while the gauge may rebound from current levels, it will struggle to reclaim the high seen in January
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S&P 500: We Told You So

🚨 🚨 S&P 500 notches fourth straight positive week, touches highest level since August
On 27 May we warned that the S&P had started a bull run
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The market is also looking toward next week’s consumer price index numbers and the Federal Open Market Committee meeting. Markets are currently anticipating a more than 71% probability the central bank will pause on rate hikes at the June meeting
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ECB—Get Ready For More Rate Hikes

🇪🇺 🇪🇺 Weighty consensus expects the #ECB to #hike #rates in #June and #July, sticky inflation
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Turkish Lira Plunges Again

🇹🇷 🇹🇷 #Lira #Plunges After Erdogan Appoints Co-CEO Of Failed First Republic Bank As New Central Bank Governor
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China May Be Headed Towards Lost Decade

🇨🇳 🇨🇳 China’s economy stumbling, likely headed for a #lost #decade says ex-IMF official
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Australia’s Recession Risk Spikes

🇦🇺 🇦🇺 Australia’s Recession Risk Spikes as RBA Peak Rate Seen at 4.35%
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China’s PPI Worsens

🇨🇳 🇨🇳 BREAKING: China’s producer prices slump 4.6% in May, worse than expected
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ChatGPT Hooks Up With US Govt

🚨 🚨 BREAKING: #Microsoft to offer #OpenAI GPT #models to US #government agencies. It will provide access to artificial intelligence large language models (LLMs)
Passive #Income: Make 2.25% every single week from a Managed Fund that trades in FX and Commodities
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