Charts That Matter - Friday, Dec. 14

CFOs are more focused on defensive strategies than they’ve been all cycle that’s why Capex is sacrificed for buybacks.

BlackRock estimate of Global Liquidity is also showing the lowest reading in their data series.

A picture is worth a thousand words…

CFOs are more focused on defensive strategies than they’ve been all cycle that’s why Capex is sacrificed for buybacks.

Financial stress in the US is at a two and a half year high. 

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