Timing the market has proven to be impossible
A simple dollar cost average strategy is the best way to go about investing. Consistent contributions made every week/month regardless of whether stocks are up or down. Source: Mark Wlosinski
M2 money supply has declined at the fastest rate ever recorded since the Fed began collecting data in 1959
Probably has helped cool inflation but could it usher in a new set of problems? Source: Fred, Barchart
The "soft landing" of the US economy is the new consensus.
Source: BofA survey
Probability of a Fed rate hike next week is approaching 100%.
Done deal. Source: Charlie Biello
The cost of cooking a classic Pizza Margherita in Italy continues to rise as olive oil prices soar.
Rise in cost of ingredients to make pizza outpaces inflation. Bloomberg custom index shows olive oil price up almost 27%. Source: Bloomberg, HolgerZ
US Industrial Production has turned negative on a YoY basis for the first time since February 2021.
Source: Charlie Bilello
U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually
Economists polled by Reuters had projected an annual rise in the headline consumer price index of 8.2%, following May’s hotter-than-expected 8.7% reading, but annualized price rises continue to run well above the Bank of England’s 2% target. On a monthly basis, headline CPI increased by 0.1%, below a consensus forecast of 0.4%. Core inflation — which excludes volatile energy, food, alcohol and tobacco prices — remained sticky at an annualized 6.9%, but fell from a 31-year high of 7.1% in May. Source: CNBC
US equity markets have decoupled from the global liquidity proxy for the first time in over a decade.
Is the market pricing in a massive global re-liquification of asset markets? Source: Bloomberg