Macro Briefing: 22 January 2024

* Global supply-chain risk is rising again
* Russia was China’s biggest oil supplier in 2023
* Mortgage rates expected to fall below 6% by year’s end: Fannie Mae
* US home sales fell in 2023 to lowest level in nearly 30 years
* US to invest $325 million into EV charger to boost reliability and reduce costs
* US Consumer Sentiment Index rises sharply in January to 2-1/2 year high:

The biggest hedge funds had a bumper year in 2023, outperforming the industry overall, based on data published by LCH Investments. The top 20 managers posted an average gain of 10.5% last year, well above the 6.4% rise for the industry overall, accord to LCH.

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