Morning Brew 03 June 2021

Erik Schafhauser

Senior Relationship Manager

Trading AMC has become a bit of a crazy event with shows and parties, not sure that is the best way to approach the market but it looks like fun as long as it lasts. The stock more than doubled in June alone.

Safe Trading!

Economic Events for the next few days:

Local Start Date	Local Time	Country/Region	Indicator Name	Period	Reuters Poll	Prior
3 Jun 2021	02:30	Japan	Services PMI	May		49.5
3 Jun 2021	03:30	Australia	Retail Sales MM Final	Apr		1.1%
3 Jun 2021	03:30	Australia	Trade Balance G&S (A$)	Apr		5,574M
3 Jun 2021	03:45	China (Mainland)	Caixin Services PMI	May		56.3
3 Jun 2021	06:15	Saudi Arabia	IHS Markit Comp PMI	May		55.2
3 Jun 2021	07:00	India	IHS Markit Svcs PMI	May	49.0	54.0
3 Jun 2021	08:00	United Kingdom	Reserve Assets Total	May		178,963.97M
3 Jun 2021	08:00	Russia	Markit Services PMI	May		55.2
3 Jun 2021	09:00	Turkey	CPI MM	May		1.68%
3 Jun 2021	09:15	South Africa	Std Bank Whole Econ PMI	May		53.7
3 Jun 2021	09:50	France	Markit Serv PMI	May		56.6
3 Jun 2021	09:50	France	Markit Comp PMI	May		57.0
3 Jun 2021	09:55	Germany	Markit Services PMI	May		52.8
3 Jun 2021	09:55	Germany	Markit Comp Final PMI	May		56.2
3 Jun 2021	10:00	Euro Zone	Markit Serv Final PMI	May		55.1
3 Jun 2021	10:00	Euro Zone	Markit Comp Final PMI	May		56.9
3 Jun 2021	14:30	United States	Initial Jobless Clm	24 May, w/e
3 Jun 2021	15:45	United States	Markit Comp Final PMI	May		68.1
3 Jun 2021	15:45	United States	Markit Svcs PMI Final	May		70.1
3 Jun 2021	16:00	United States	ISM N-Mfg PMI	May	62.9	62.7
4 Jun 2021	03:00	Philippines	CPI YY	May		4.5%
4 Jun 2021	08:15	India	Cash Reserve Ratio	4 Jun	4.00%	3.50%
4 Jun 2021	08:15	India	Repo Rate	4 Jun	4.00%	4.00%
4 Jun 2021	08:15	India	Reverse Repo Rate	4 Jun	3.35%	3.35%
4 Jun 2021	14:30	United States	Non-Farm Payrolls	May	621k	266k
4 Jun 2021	14:30	United States	Unemployment Rate	May	5.9%	6.1%
4 Jun 2021	14:30	United States	Average Earnings YY	May		0.3%
4 Jun 2021	14:30	Canada	Employment Change	May		-207.1k
4 Jun 2021	14:30	Canada	Unemployment Rate	May		8.1%
4 Jun 2021	15:00	Brazil	Markit Services PMI	May		42.9
4 Jun 2021	15:00	Brazil	Markit Composite PMI	May		44.5
4 Jun 2021	16:00	United States	Factory Orders MM	Apr		1.1%

Outrageous Predictions 2023: The War Economy

Billionaire coalition creates trillion-dollar Manhattan Project for energy
The constantly growing global need for energy drives the world's richest to huddle up and launch a R&D project in a size the world hasn't seen since the Manhattan Project gave the US the first atomic bomb.
Read article
French President Macron resigns
The political stalemate in France and the rise of Marie Le Pen following the 2022 elections corners President Macron, forcing him to give up on politics and resign from his position. At least for now.
Read article
Gold rockets to USD 3,000 as central banks fail on inflation mandate
As markets and central banks realise that the idea that inflation is transitory is wrong, and that prices will remain higher for longer, gold is sent through the roof, hitting a price tag of USD 3,000
Read article
EU Army forces EU down path to full union
With continued challenges in the region and a US military that isn't aggressively enacting its former role as global policeman, the European Union agrees to create its own armed forces, bringing the whole region closer.
Read article
A country agrees to ban all meat production by 2030
In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
Read article
UK holds UnBrexit referendum
Following a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
Read article
Widespread price controls are introduced to cap official inflation
History tells us that with the war economy comes rationing and price controls. And this time is no different, as policymakers introduce strict price controls that lead to a range of unintended consequences.
Read article
OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve asset
Sanctions against Russia have caused widespread turmoil due to US Dollar moves in countries across the globe that don't consider the US an ally. To relieve themselves from this, they leave the IMF and create a new reserve asset.
Read article
USDJPY fixed to the USD at 200 as Japan overhauls financial system
Following the challenges that faced the Japanese Yen in 2022, the Bank of Japan attempts to keep the currency from sliding. Unsuccessful on the long-term, Japan will launch a reset of its entire financial system.
Read article
Tax haven ban kills private equity
With the war economy comes an increased focus on national interests and sovereign nations' ability to assert themselves. In that regard, the OECD countries turn their attention on tax havens and pull the big guns out, banning them altogether.
Read article

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Morning Brew 03 June 2021

Erik Schafhauser

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Latest Market Insights

Outrageous Predictions 2023: The War Economy

Billionaire coalition creates trillion-dollar Manhattan Project for energy

French President Macron resigns

Gold rockets to USD 3,000 as central banks fail on inflation mandate

EU Army forces EU down path to full union

A country agrees to ban all meat production by 2030

UK holds UnBrexit referendum

Widespread price controls are introduced to cap official inflation

OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve asset

USDJPY fixed to the USD at 200 as Japan overhauls financial system

Tax haven ban kills private equity

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