15 May 2024
Non major macro weeks have been better...
Source: BofA
15 May 2024
BREAKING: April PPI inflation RISES to 2.2%, in-line with expectations of 2.2%
Core PPI inflation was 2.4%, in-line with expectations of 2.4%. PPI inflation is now up for 3 straight months for the first time since April 2022. This is the highest PPI reading since April 2023. Note that revisions from last month’s PPI left people feeling it wasn’t as “hot” as initially thought on headline numbers. Source: Charlie Bilello
14 May 2024
Recession and stagflation don't happen often in the grand scheme of things... 90% of the time we avoid them...
Source: BofA
13 May 2024
Ahead of US CPI, it's important to note that the data point tends to weigh heavily on bond yields -- up or down.
Source: Bloomberg, Markets & Mayhem
13 May 2024
Markets are currently anticipating the first Fed cut in September and a potential second cut in December.
This week's US inflation data could shift these expectations backward or forward depending on how the data comes in. Source: Markets & Mayhem
13 May 2024
In 1971 the US came off the gold standard
Source: Game of Trades, Michael Burry Stock Tracker ♟
10 May 2024
JUST IN: Argentina to print its first 10,000-peso note as a result of hyper-inflation.
Source: Radar
10 May 2024
In case you missed it...
Atlanta Fed US Q2 GDP Now latest 4.18%, vs last 3.31%...
