Financial stress is the lowest since the Fed began raising rates, which begs the question -- why cut this year? 🤔
Source: Markets & Mayhem, St Louis Fed
World debt has crossed $225 TRILLION.
This is unlike anything we’ve seen. Source: Game of Trades
Where Inflation Is... and Isn't ...
source : yahoofinance, acemaxx
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 840% (7.8% per year) after adjusting for inflation... Source: Charlie Bilello
The Atlanta Fed's gauge of sticky inflation has risen to about 5% on a 3-month annualized basis.
Inflation is moving in the wrong direction for the Fed, so it's interesting that the market's base case is still that the Fed is going to cut rates by about 100bp by January 2025. Source: Bloomberg, Lisa Abramowitz.
Disinflationary forces continue in Germany.
Wholesales Prices drop 0.1% MoM in Feb after +0.1% MoM in Jan, plunge 3% YoY which is a good leading indicator for German food price CPI. Sources: Bloomberg, HolgerZ
Where us inflation is and where it isn’t
Source: Evan, Yahoo Finance
A record number of Americans are taking hardship withdrawals from their 401k.
The figure has nearly doubled over the last four years. 40% of these hardship withdrawals are to avoid foreclosure. Source: Nick Gerli, Wall Street Journal
