LC Investment Playbook Weekly Update - 22 July 2022

Macro highlights:

Global economic growth, EU CPI- more pain ahead, Euro’s recession probably inevitable, Looming recession in US, China narrowly avoided a recession in Q2

Fixed Income highlights:

European Credit- clear segmentation, Weak borrowers facing refinancing difficulties, Changing dynamics-US treasury yield curve

Equities highlights:

Equity Markets not bottomed out yet, EM equities facing heavy FII outflow, Global fund managers turn cautious

Forex, Commodities & Alternatives highlights:

Oil back below 100$, EUR/USD at parity