14 economic indicators reported this week related to the US consumer and prices. 12 of them came in above expectations.
Source: Tavi Costa, Crescat Capital
Nearly half the options on S&P 500 stocks as well as on SPY and QQQ have maturities of less than 24 hours.
Source: The Daily Shot, Nomura
Valentine's inflation
Source: Statista
The shelter component of US CPI just had its highest 2-month increase in 33 years
Sourc: Bloomberg, Tavi Costa, Crescat Capital
A mixed US CPI report
January US CPI was inline with Street estimates on MoM basis, coming in +0.5% for the headline number and +0.4% for the core. On YoY basis, things ran bit hot, coming in +6.4% headline (down from +6.5% in December but ahead of Street estimates at +6.2%) and +5.6% for the core (down from +5.7% but ahead of St’s +5.5%. Source: Bloomberg, HolgerZ
The US 6 month T-Bill breaches 5% for 1st time since 2007
On the back of somewhat hot CPI data, The US 6 month T-Bill breaches 5% for 1st time since 2007. Source: HolgerZ, Bloomberg
US equities: Bulls finally outnumbered Bears
Bulls finally outnumbered Bears in this week's AAII Sentiment Poll, ending a record streak of 44 consecutive weeks of bearish sentiment. We haven't seen more Bulls than Bears in this poll since March 2022. Source: Charlie Bilello
US equities: market internals still look bullish
We continue to see new highs > new lows (27 days in a row is longest stretch since mid-2021) and that is bull market behavior. Source: Willie Delwiche
