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
JUST IN 🚨: Odds of a 50 bps interest rate in September has plummeted to less than 25%
Source: Barchart
JP Morgan's Jamie Dimon wants to hit US millionaires with the "Buffet rule" to tackle the national debt
Source: Business Insider
US Retail Sales increased 2.6% over the last year and this number is taken positively by markets
Retail sales came in better than expecting indicating that hashtag#consumers are still strong. Retail Sales month-over-month is the best number since January 2023. There are few caveats though: 1) After adjusting for higher prices they were down 0.4%. 2) Both of these numbers are well below the historical averages of +4.6% nominal and +2.0% real. 3) Previous numbers were revised downward Source: Charlie Bilello
