Major retail stores are cutting prices to lure custormers as inflation soars.
Source: Foxbusiness.com
Why you need to invest, in one chart
Over the last 30 years, the purchasing power of the US consumer dollar has been cut in half due to inflation. At the same time, the SP500 has gained 962% (8% per year) after adjusting for inflation. Source: Charlie Bilello
For the fourth consecutive month, the US LEI (leading indicators) has not signaled a recession ahead
Source: Mike Z.
BREAKING 🚨 Jerome Powell will indicate that the Fed is open to a 50 bps rate cut during his speech at the Jackson Hole, according to analysts from Evercore
BULLS, GET EVEN MORE EXCITED... Source: Stocktwits, www.investing.com
These 3 areas produce 50pct of the world's GDP
Source: Brian Roemmele
US government spending is expected to hit 24.2% of GDP in 2024, significantly above the previous 39-year average of 21.1%, according to the CBO.
At the same time, revenues are projected to reach 17.6% of GDP, just 0.4 percentage points above the 1984-2023 average. As a result, the US deficit is estimated to hit 6.6% of GDP, almost DOUBLE the 39-year average. In nominal terms, the deficit is set to hit $1.9 trillion in 2024, the highest level since 2021 when the deficit was $2.8 trillion in response to the pandemic. US government spending relative to GDP is expected to rise rapidly while revenue stagnates. Multi-trillion Dollar deficits are the new normal. Source: The Kobeissi Letter
What’s the best explanation for why inflation has fallen so much more in the United States than any other G7 country?
Source: Erik Brynjolfsson @erikbryn on X
'While cyclicals have trailed defensives recently, they are still priced for an economic expansion.'
https://lnkd.in/eH8idMiZ ht @dailychartbook thru Jesse Felder on X, Bloomberg
