LC Investment Playbook Monthly Update August 2023

Spot Light

• 10Y Yield Back Above 4% and at YTD High

‍ Market Updates

• Balanced to Hawkish Tone at Jackson Hole

• Investors are Poised for the Fall in Yields

• Keep Duration Below 10 Year

• Valuations expensive across the board

• US SLO Survey Warns of Potential Credit Crunch

• Signs of Slowing Consumer Spending

• Divergences Between Stocks and Real Yields

• R.I.P. T.I.N.A.

• US Equities: Forewarned Is Forearmed

• Expensive Multiples Return Lower Profits

‍ ‍Recent Trade Ideas

• Our team's recent trade ideas on various Live positions.