LC Investment Playbook Weekly Update - 16 June 2023

‍Charts of the Week

• US May CPI - Still sticky beneath the surface

• Will The Equity Rally Broaden?

• Equities Volatility Falls To Pre-Pandemic Levels

• Equities Earnings Yield Drops Below That Of Bonds

• Stress At The Edges

• Will Markets Have A Liquidity Crunch?‍

‍LC Views

• A summary of our team's views on Rates, Credit, Equities, Currencies, Commodities and Real Estate.