US job openings dropped in March to the lowest level in 3 years.
US available vacancies declined to 8.49 million from 8.81 million in February, hitting the lowest level since March 2021. Job openings have been declining for the past 2 years since the March 2022 peak of 12 million vacancies. Meanwhile, the quits rate has fallen to 2.1%, the lowest since August 2020. This suggests that many currently employed individuals are either losing confidence and/or are more dependent on their jobs. All eyes are on Friday's jobs report. Source: The Kobeissi Letter
The tightest labor market in US history continues to loosen with Job
Openings moving down to 8.49 million (lowest since Feb 2021) and the Quits Rate moving down to 2.1% (lowest since Aug 2020). Source: Charlie Bilello
Face the fact that cash is NOT a solution to a crisis
Source: Investment Books (Dhaval)
What's going on here?
Source: Bloomberg, Lawrence McDonald
Here's the most shocking part of Q1 us GDP numbers...
Source: www.zerohedge.com
Nice relative price chart by Jay R. Ligon at TheeDisruptor
The 7 C's (Cattle, Corn, Crude, Cocoa, Cotton, Copper, Coffee) vs Consumer Discretionary $XLY Why? It is a clear measure of the inelastic demand for commodities (the ultimate staples) versus elastic demand of discretionaries. Plus we can eye inflation at work and the strength of commodities.
Money debasement
Source: CNBC
Economic Growth Forecasts for G7 and BRICS Countries in 2024 🗺️
Source: Visual Capitalist
