LC Investment Playbook Weekly Update - 2 September 2022

Macro Highlights:

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

• A look at the US housing inventory levels and the Labour market

Fixed Income Highlights

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

• Higher default rates already priced in

Equity Highlights

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

• Volatile Market Driven by Economic Outlook

• Peak Earnings?

• Bear Market For US Equities

Forex, Commodities & Alternatives

• A review of commodity and FX pricing and rates

• European Natural Gas and Electricity at all time highs