LC Investment Playbook Weekly Update - 15 July 2022

Macro Highlights:

US CPI More Pain Ahead, US CPI- Peaked Out?, China’s New Record of Trade Surplus

Fixed Income Highlights:

Credit Spreads Not There Yet! , Contingent Convertibles An Opportunity

Equities Highlights:

End of “There is no alternative” (TINA), Earnings downgrades outpace upgrades

Forex, Commodities & Alternatives Highlights:

Oil back below 100$, EUR/USD at Parity