Oil, the Dollar, & the War
How these factors may create a shakeout...
This letter reads WAY better in your browser than in your email - so do yourself a favor and click on the title above to read it that way.
Feel like we have seen this in the price action.
The Dollar
More on this to come in the paid section…
The Scoreboard
The US now beating 7 countries. Only 6 countries green in the last week. South Korea is up 15% in the last month!
Interesting Data
China - FXI 0.00%↑
Good looking retail sales in China but sentiment is still bad and home prices and property sales are back in the doldrums after a good looking print.
Turkey - TUR 0.00%↑
Turkey’s inflation expectations are still awful - but at least falling.
Italy - EWI 0.00%↑
No inflation in Italy.
Canada - EWC 0.00%↑
Strong housing starts in Canada - taking out a 4yr down trend.
Mexico - EWW 0.00%↑
Similar breakout for same store sales in Mexico.
Interesting News
Keep reading with a 7-day free trial
Subscribe to Pinecone Passport to keep reading this post and get 7 days of free access to the full post archives.