🚨 THE SHOCKING CHART OF THE DAY >>>
THE FEDERAL RESERVES REVERSE REPO HAS FALLEN TO $155 BILLION WHICH IS THE FIRST TIME WE SEEN THIS LEVEL SINCE MAY 2021🚨 USUALLY WHEN IT FALLS IT LOWERS YIELDS BUT INSTEAD THEY’RE MOVING UP AND 10YR YIELDS FLEW TO 4.3% LAST WEEK. It was initially used to pull money out of the economy to reduce inflation. Then it went back into economy and then into equites. What's next? Source: Mike Investing on X
China economic surprise index turns positive
Source: David Ingles, Bloomberg
🚨 There is now a 99% chance of a 25 bps interest rate cut at next week's FOMC Meeting 🚨
Source: Barchart
It doesn’t matter who becomes president. The trend is clear:
More debt creation, more money printing Source: Seek Wiser, Quinten | 048.eth
😱 US JOB MARKET IS MUCH WEAKER THAN IT SEEMS 😱
Since January 2023, the number of jobs have been revised DOWN by A MASSIVE 471,000, the most since the 2008 Financial Crisis. Monthly nonfarm payrolls have been revised DOWNWARD in 14 out of the last 21 months. Source: Global Markets Investor
Core PCE is closer to 3 than 2
And ticked UP in the last month Source: Amy Niyom
Interesting point of view by Dr. Ed Yardeni:
"28 days since the 1st rate cut and 10-Yr. yield is up nearly +60bps. The 1995 Soft Landing rate cut cycle is almost a mirror image, as it also started its descent a few days later, a potential post-election outcome". There is one big difference though: the fiscal 6 debt situation in the US now vs. 1995... Source: Seth Golden @SethCL
Inflation surprises are picking up since Fed rate cut...
Source: www.zerohedge.com, Bloomberg
