Americans Fall Behind on Car Payments
Source: Win Smart, CFA @WinfieldSmart, Bloomberg
The Fed's preferred measure of inflation (Core PCE) moved up to 2.8% in February & remains well above their 2% target that has yet to be achieved.
Here are the details 👇 YoY Growth: PCE (Feb), 2.5% Vs. 2.5% Est. (prev. 2.5%) Core PCE, 2.8% Vs. 2.7% Est. (prev. 2.6%) MoM Growth: PCE (Feb), 0.3% Vs. 0.3% Est. (prev. 0.3%) Core PCE, 0.4% Vs. 0.3% Est. (prev. 0.3%) ➡️ The market is expecting the Fed to hold rates steady again at their next meeting on May 7 (at 4.25-4.50%). Source: Charlie Bilello
Base on base in silver...
Source: J-C Parets
The median household income necessary to purchase the median priced home for sale in the US ($124k) is now 57% higher than the current median household income ($79k).
This is the most unaffordable housing market in history. Source: Charlie Bilello @charliebilello
‼️Gold shipments to the US are SKYROCKETING:
Swiss gold exports to the US hit a record 404 metric tons over the last 3 months. Gold stockpiles on the Comex hit a record 42.6 million ounces on Tuesday, almost DOUBLE the inventory at the end of 2024. Rush for gold is real. Source: Global Markets Investor
This is a very important chart.
Leveraged loans have already broken down. Will junk bonds start to roll over as well? Source: Bloomberg, Crescat Capital
Japan | Tokyo inflation exceeds forecasts, keeping BOJ on rate hike path
- Bloomberg
🔴 EU TO TRUMP: TWO CAN PLAY THE TARIFF GAME — BIG TECH MAY GET BURNED
👉 With Trump slapping 25% tariffs on EU cars and threatening more, Brussels is plotting a counter strike — and this time, it’s not just bourbon and blue jeans on the line. 👉 EU officials are eyeing U.S. services exports, including Big Tech and intellectual property, as leverage — think blocked patents, frozen software updates, and Starlink losing out on juicy contracts. 👉EU diplomat: “The Americans think that they are the ones with escalation dominance, but we also have the ability to do that,” Source: FT thru Mario Nawfal on X
