The share of workers voluntarily quitting their jobs is down to 2.3%
This is the lowest since January 2023 and down from 3.1% prior to the Fed started rate hikes. Weaker labor demand will be the theme of 2024 as job growth slows and rates stay higher for longer. Furthermore, as excess savings have now been depleted, consumers are more reliant on holding a job. Source: The Kobeissi Letter
Great ad by Ikea
Source: Creapills
A slightly disappointing US CPI inflation numbers for the markets...
US YoY CPI eased to 3.1% in November from 3.2% while the important core reading was unchanged at 4% YoY, despite seeing the MoM tick a bit higher. The so-called super-core, a measure watched by the Fed, meanwhile rose at one of the fastest monthly paces this year.
US population growth has fallen off a cliff. Nearing 0% levels indicating almost NO growth. Current levels have NOT been seen in 100+ years
Source: Game of Trades
China is the only country experiencing deflation
CPI is down 4.7% since 2020 while every other country has experience inflation – some experiencing the highest in decades. Source: Genevieve Roch-Decter, CFA, Bloomberg, Macrobond
Staying Invested
Source: Brian Feroldi
Largest US Companies by Market Cap, 1960 to Today...
Source: Charlie Bilello
The net long positioning on the Nasdaq 100 by asset managers and leveraged funds is at a record high
When a trade becomes this crowded, how long until things reverse course? Source: Rosenberg Research
