Recent economic data coming out of U.S. suggests that the story of soft landing might be a far fetched idea as retail sales fell and the chances of a rate cut reduced from 97% to 35%. Major European economies are also in shambles. This update talks about this in detail.

1. Market Sentiment Tracker: Soft landing scenario becomes blurry? – FREE

In this week’s Market Sentiment Tracker, Osama Rizvi discusses the latest data points from major economies in the world such as U.S., Germany, and others. It is important to notice that many indicators are getting worse and still hinting towards a recession. Read this article to find out more detail about the global economic health.

2. Monday Macro View: In depth analysis of U.S. Economy – PREMIUM

As we delve into the intricacies of the US economy, recent analyses and data suggest a challenging path ahead, contradicting the narrative of a seamless soft landing. David Rosenberg’s economic model, renowned for its accuracy, now forecasts an 85% chance of a recession hitting the US within the next 12 months, marking the highest probability since the 2008 financial crisis. This stark prediction, based on comprehensive indicators including financial conditions and debt-service ratios, signals a significant shift from the mere 12% chance suggested earlier in 2023.

3. Patterson UTI’s Perspective in Q4: KEY Takeaways – PREMIUM

Our analyst Avik Chowdhury once again delves deeper into the oil industry giants and their plans. In this article he talks about Patterson’s Energy as their management expects reduced cyclicality. The company is focusing on efficiency, technology and strategic acquisitions this year.

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