LC Investment Playbook Weekly Update - 1 July 2022

Macro Highlights:

Falling in sync, Global GDP Growth Forecasts: 2022 Slowdown, Warning Signal For US Economy, Recession Fears Creeping Up

Fixed Income Highlights:

Know Your Fundamentals, Chinese Companies Downgrades and Buybacks, US Investment Grade Net Leverage, US High Yield Net Leverage

Equity Highlights:

Pivot to defensive stocks, Focus to shift from rate risks to EPS risks, Déjà vu, Fear index at uncharacteristically low levels, Semiconductor industry – one of the worst hit, Supportive Results for China’s Ecommerce Sector