Macro Monday: Oil, Inflation, China and Passive dominates

Programming note: This week there’ll be today’s newsletter plus the usual investment ideas on Wednesday but no Friday links. Next week we’ll be off for Xmas returning on Wednesday 4th Jan 2023!

As its the first stirrings of the festive season, we have a shorter note today.

First up, we have a slightly scary-looking chart on inflationary echoes, courtesy of the Daily Shot. It suggests the US Federal Reserve is concerned about this scenario below which compares the current era with the late sixties and early seventies - if it plays out as this ch…