High Yields, Higher Debt.

Good morning 🌞

Sentiment is mixed going into the week.

Here's what stood out on this glorious Monday morning from the shores of Brooklyn.

Let’s jump in 🤾‍♂️

TRENDS ✨

Millenial Debt is exploding: $3.8T in Q4 2022 (WSJ)

Autonomous Note 🧿

It's looking like the consumer strength still present in the US economy is coming from debt.

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Is this Rafael Painting Real? Machine Learning use case. Are the art houses in trouble if machines can authenticate/appraise? (WSJ)

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Vetting financial advice from Social-Media (W+G)

🧿 The democratization of finance has enabled and empowered millions of people. To an extent financial content has also brought financial education to scale.

The problem: There is no one to control the quality or veracity of said content. If you follow Autonomy's Twitter or Instagram you'll see that we do our best to engage with creators, analyst and advisors to vet, critique, or debate re: their content. If you ever have questions or doubts re: financial content shoot us a an email or DM!

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BIG PICTURE 🌎

How the Swiss beat inflation (CNBC)

Diet China: JPM to launch new credit index with lower China weight (RT)

Crypto enforcement in the US makes money managers nervous (BBG)

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MARKETS 💹

Turbo-charged yields (+10%) from CEFs and odd parts of the market (Forbes)

🧿 Micro-caps, biotechs, and some of the other strategies named in the above article are notoriously risky. These yields are attractive but they come at the expense of high sensitivity to market risk factors. Tread carefully. Reach out if you have any questions!

GS top 12 stock picks by hedge funds (BI)

Hedge funds haven’t performed well so far this year but here the above article maps out their top picks as tracked by Goldman Sachs. It looks like they are moving towards growth in mid and small sized companies and away from value.
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🧿 If you’d like to a peak at our team’s ideas and compare against some of the lists we share from funds, check out our recent piece on Substack.

———fin———

Chart Du Jour 👨🏻‍🍳

Meme Digestif ☕️

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