LC Investment Playbook Weekly Update - 4 November 2022

Macro Highlights

• A review of the current environment and market expectations across US, Europe, UK, China and India.

• Inflation might be sticker than expected

• US Labour Market- Still very tight‍

Fixed Income Highlights

• A review of US and EU long term rates and credit.

• Near term spreads close to inversion.

• 50 bps or 75 bps in Dec?

• Up, up and away-Fed Peak rate estimate.

Equity Highlights

• A review of the current environment and outlook of US, Europe, China and India equity markets.

• Oil firms and windfall taxes.

• More Earnings Downgrade likely after Midterm.

• Considerable slowdown in PE deal-making.

Forex, Commodities & Alternatives

• A review of commodity and FX pricing and rates.