DOW JONES WKN: CG3AA2 ISIN: US2605661048 Forum: Indizes Thema: Hauptdiskussion

Letter from the ECB President to Polish central bank governor Adam Glapiński: "any measure affecting your ability to perform your duties as Governor of NBP may, if not lawful, affect your independence and by extension the independence of the General Council...As you mention in your letter, Article 14.2 of the Statute of the ESCB and the ECB, in order to guarantee the independence of the governors of the national central banks, offers protection" https://www.ecb.europa.eu/pub/pdf/other/ecb.letter231204_Glapinski~56862f61b5.en.pdf

BIS Quarterly Review: International banking and financial market developments - December 2023: Markets adjust to “higher for longer” https://www.bis.org/publ/qtrpdf/r_qt2312.pdf

Innerhalb eines nahezu globalen Inflationsschubs gibt es eine ganze Reihe von Inflationserfahrungen. Diese „Hochflation“ ist noch nicht in die Geschichtsbücher eingegangen – sie ist noch im Gange. Die wirtschaftlichen Erfahrungen der letzten Jahre deuten darauf hin, dass die angebotsseitige Inflation durch wiederholte, beispiellose und unerwartete Schocks bei Rohstoffen und Handelsbedingungen ein Comeback erlebt https://www.centralbanking.com/fixed-income/7960349/the-long-and-short-of-it-central-banking-case-studies-in-point

NAAIM Exposure Index US Equity markets https://www.naaim.org/programs/naaim-exposure-index/

The 7 Deadly Stocks https://theirrelevantinvestor.com/2023/12/01/7-deadly-stocks/

Goldman Sachs sentiment indicator is becoming stretched again, suggesting that market participants may be overly optimistic https://www.isabelnet.com/sentiment-indicator-and-stock-positioning/

5-day average put/call ratio: extreme greed https://edition.cnn.com/markets/fear-and-greed https://www.isabelnet.com/investor-sentiment-u-s-market-greed-fear-index/

BIS Credit market tensions likely in coming years: BIS: "A substantial amount of debt will become due in the next few years and will need to be refinanced at significantly higher rates" https://www.zawya.com/en/business/banking-and-insurance/credit-market-tensions-likely-in-coming-years-bis-xqkfwqp1

Global banks face negative outlook, property stress in 2024 - Moody's: Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in 2024, credit rating agency Moody's said on Monday. https://www.zawya.com/en/economy/global/global-banks-face-negative-outlook-property-stress-in-2024-moodys-o1b4kgot

The Dow hit the highest level since early 2022 and is now significantly overbought. https://thedailyshot.com/wp-content/uploads/EQ-INDU2312010547.png

Europe Equity Funds continue to see money flow out. Going into the final month of 2023, investors have pulled over $65 billion out of Europe Equity Funds year-to-date. The latest redemptions came as recent data shows the French and German economies shrank during the third quarter, though Eurozone inflation in November moved another step closer to the European Central Bank’s 2% target. At the country level, outflows from Sweden Equity Funds hit a 34-week high and Austria Equity Funds extended a redemption streak stretching back to mid-February. https://epfr.com/insights/global-navigator/us-funds-enter-home-stretch-of-2023-at-the-gallop-money-market-fund-flows-equity-fund-flows-bond-flows-investor-sentiment-sector-rotation/

US Factory Orders Plunged Most Since COVID Lockdowns In October: However, factory orders tumbled even more than expected, down 3.6% MoM - the biggest drop since the COVID lockdowns (April 2020). https://www.zerohedge.com/economics/us-factory-orders-plunged-most-covid-lockdowns-october

Goldman Prime Brokerage: Hedge Funds Aggressively Shorted Last Week's Rally As "Bears Are Dead" https://www.zerohedge.com/markets/goldman-prime-brokerage-hedge-funds-aggressively-shorted-last-weeks-rally-bears-are-dead

Consumer Price Index for All Urban Consumers https://fred.stlouisfed.org/series/CPILFESL

Robinhood CEO says payment for order flow is 'here to stay' https://www.cnbc.com/2023/12/01/robinhood-ceo-says-payment-for-order-flow-is-here-to-stay.html

Margin Debt https://www.yardeni.com/pub/stmkteqmardebt.pdf