Measuring drawdown (DD) is a standard practice within the investment sector, providing significant insights into asset performance. This metric also holds value beyond investment analysis, offering a lens through which to examine economic indicators. Monitoring the declines from peak to trough can yield dependable insights into market turning points and help forecast both the conclusion of existing downturns and the onset of new ones.
* The exit strategy of Biden regarding Afghanistan faced a setback due to two deadly bombings in Kabul.
* The United States has pledged to continue its evacuation efforts following the tragic events at the Kabul airport.
* Further attacks in Kabul are anticipated, according to warnings from the US and its allies.
* The Supreme Court has halted Biden’s eviction moratorium.
* Tropical Storm Ida is forecasted to strengthen into a major hurricane as it moves toward New Orleans.
* Three Federal Reserve officials propose that it’s time to scale back the central bank’s asset purchases.
* China is considering a ban on US IPOs for companies with extensive consumer data.
* The growth of US GDP for Q2 has been minimally revised upward to 6.2%.
* Jobless claims in the US have risen slightly, maintaining a consistent trend:
Chinese stocks continue to experience significant year-to-date declines, contrasting with an overall positive trend for global equities as observed through various exchange-traded funds tracking major international markets up to the close on August 25.
* The threat of terrorism complicates US evacuation plans in Afghanistan.
* Global supply chain challenges are anticipated to persist into 2022.
* South Korea becomes the first major Asian economy to raise interest rates during the pandemic.
* The merger of Western Digital and Kioxia is set to reshape the global chip industry.
* Reconsidering gold’s appeal following Palantir’s $50 million bullion acquisition.
* Consumer sentiment in Germany has plummeted as inflation and COVID-19 cases rise.
* July saw no growth in US core capital goods, marking the first month without growth since February:
Energy stocks, various commodities, and shares from several emerging market nations are leading the declines observed in our assessment of deep value across nearly 150 ETFs.
* House Democrats have resolved internal disputes as they aim to pass a $3.5 trillion budget bill.
* The Supreme Court has reinstated the “Remain in Mexico” policy for asylum seekers.
* China has reopened the world’s third-busiest port after a two-week shutdown.
* A climate forecast suggests that extreme heat will become more prevalent.
* German business confidence has decreased for the second consecutive month this August.
* The Richmond Fed Manufacturing Index declined in August but still indicates robust expansion.
* New home sales in the US increased in July following three months of decline:
Recently, there have been indications that the surge in inflation in the US may be subsiding. New data released in the weeks following this finding further supports the notion of a peak, albeit marginally, based on updated figures from the Inflation Trend Index (ITI) provided by CapitalSpectator.com.
* Biden’s economic initiatives are threatened by discord among House Democrats.
* An emergency G-7 meeting has been scheduled to address the situation in Afghanistan.
* The full authorization of Pfizer’s vaccine has led to the implementation of new vaccine mandates.
* Extreme heat is adversely affecting US crops, resulting in rising prices.
* Didi, the Chinese ride-hailing giant, has put its plans for the UK and Europe on hold.
* Existing home sales in the US rose for the second month in July as demand has slightly outpaced supply.
* Though the US housing market remains strong, it shows signs of cooling.
* The Chicago Fed National Activity Index indicated improvement in July.
* Growth in the US has decelerated in August as the Composite PMI fell to an eight-month low:
Investment-grade US fixed income has provided a buffer against losses that impacted major asset classes last week, based on an analysis of various exchange-traded funds.
* A firefight at Kabul airport has intensified the chaos in Afghanistan.
* House Democrats have returned from their summer recess to push forward with Biden’s ambitious domestic agenda.
* Federal Reserve’s bond-buying stimulus will be a point of focus at this week’s Jackson Hole summit.
* Economic activity in the Eurozone remains robust, nearing a 15-year high according to survey data for August.
* Economic growth in the UK has slowed to a six-month low in August, as reported by PMI survey data.
* The ongoing shortage of computer chips continues to pose challenges to the economy.
* Both US and international data releases have been falling short of projections at an accelerating rate:
