LC Investment Playbook Weekly Update

Macro Highlights

• A review of the current environment and market expectations across US, Europe, UK, China and India.
• US Financial Conditions - Extremely tight.
• US Unemployment- Not Increasing.
• US CPI- Not Abating.

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Fixed Income Highlights

• A review of US and EU long term rates and credit.
• US Treasury Real Rates- Sharp spike.

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Equity Highlights

• A review of the current environment and outlook of US, Europe, China and India equity markets.
• Difficult Times For Semiconductors.
• Semiconductors Are Leading Forward EPS

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Forex, Commodities & Alternatives

• A review of commodity and FX pricing and rates.
• The Pound has Likely Capitulated.

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