US inflation has officially been at 3% or higher for exactly 3 years.
The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019. Over 100 food items have seen inflation above 50% since 2019...
Early retirements surged again in late 2023 with the gains in the stock market and home prices, leading to a record 2.7 million excess retirees in the US.
Source: Bloomberg, Charlie Bilello
Torsten Slok at Apollo is sticking to his view that there will be no US rate cut this year...
Source: Markets & Mayhem, Apollo
Top Companies by Revenue - Now vs. 3 Decades Ago
Source: Visual Capitalist thru Win Smart
The Q1 reporting us earnings season kicks off next week with the banks reporting on Friday.
Below is a sneak preview of what's to come during the first three weeks. Note: companies marked with * are currently unconfirmed. Watch for: $MSFT, $TSLA, $AMZN, $GOOGL, $META, $TSM, $JPM, $XOM, $MA, $V, $NFLX, $CAT, $ASML and more Source: Wall Street Horizon
In the us, soft data (less reliable) has surprised to the upside a lot more than the hard data (more reliable) since the start of the year.
Source: Bob Elliott, The Daily Shot
SUMMARY OF US MARCH ADP JOBS REPORT:
1. The U.S. economy added a higher-than-expected 184,000 jobs in March, as per ADP, easily beating forecasts for +148,000. 2. The number of monthly job gains was the highest in eight months (July 2023) 3. February number was also revised upwards. 4. Wage growth accelerated for those who changed jobs, rising +10% from a year earlier. Key Takeaway: The pickup in jobs growth supports the case that the labor market remains strong, and the economy continues to hold up better than expected. The ADP report does not point to imminent Fed rate cuts as markets continue to push back the timing of the first move. Source: Jesse Cohen, Trading Economics
The era of fiscal dominance
source: MacroAlf. Inflation-adjusted US fiscal deficits popping up at: - World War I - World War II - Great Financial Crisis - Covid - 2023 Find the outlier...
