LC Investment Playbook Weekly Update - 4 August 2023

‍Charts of the week

• Fitch US Downgrade: AA+ Is The New AAA
• July Jobs Data Still Point to Tight Labor Market
• 10Y Yield Back Above 4% and at YTD High
• The US Yield Curve Leads The VIX by 24-30 Months
• The S&P 500 Equity Risk Premium Reaches 3%
• BOJ Commits To “Greater Flexibility”
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‍LC Views

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