In front of crucial Nov PPI, CPI and FOMC, why is US equity market worse than Europe and Asia? Put-call surged 12/7-12/8, arguing favorable risk/reward into these reports.

Why is the US essentially the worst stock market in the world? With the weakest bounce?

Arguably, the US has best weathered the trifecta of global turmoil--global inflation, surging oil and China zero COVID--among any major nations. This is evidenced many ways but consider:

  • Fed has raised interest rates +400bp in 2022
  • yet, the US economy continues to produce solid real GDP growth and employment has held up
  • and inflation has been falling visibly
Yet, despite the obvious robustness of th...

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