The December Philly Fed Manufacturing survey was another disaster, collapsing from -5.5 to -16.4, versus an expected rise to +2.8. This is the weakest level of the year. More problematic, prices paid jumped while prices received fell. All signs point to #stagflation. Sorry, Fed.
— Peter Schiff (@PeterSchiff) December 19, 2024
The markets still don't get that the Fed will surrender its inflation fight to stimulate the economy, prop up financial markets, and bailout banks, debtors, and the economy. Staglflation will be very bullish for silver.
— Peter Schiff (@PeterSchiff) December 19, 2024
Homebuilder Lennar Q4 earnings were absolute🔥hot garbage 🔥
Highlights (or Lowlights, if you will)
🔴 Q4 new orders down 3%
🔴 Q4 deliveries down 7%
🔴 Q4 Gross Margins down
🔴 Q4 Average Sales Price down 3%
AND EVEN LOWER gross margins expected for Q1 2025 pic.twitter.com/lLHeUn10Cc
— Amy Nixon (@texasrunnerDFW) December 19, 2024
⚠️US INDUSTRIAL PRODUCTION IS IN A RECESSION⚠️
The Capacity Utilization Rate fell to 76.8% in November, the lowest level since the pandemic CRISIS.
The percentage of production capacity being utilized in the US has fallen for 2 years STRAIGHT.
Demand in the economy is sluggish pic.twitter.com/BjJncco6Ql
— Global Markets Investor (@GlobalMktObserv) December 19, 2024
In the last 6 months, the largest positive contributor to the Leading Economic Index (LEI) was stock prices. 👇🏼
The tail is still wagging the dog. pic.twitter.com/tJ9L6UGG0F
— Kalani o Māui (@MauiBoyMacro) December 19, 2024
Number of multi-family housing units under construction continues to fall sharply … as of November, at lowest since February 2022 pic.twitter.com/dALPqlX2gH
— Liz Ann Sonders (@LizAnnSonders) December 19, 2024
U.S. home sales are on track for the worst year since 1995, per FORTUNE.
— unusual_whales (@unusual_whales) December 18, 2024
If the bond market loses faith in the Fed's ability to fight inflation, investors will flee, sending yields up.
Yes, that means bond investors might lose money (but with the big coupons now, they are more likely to make 1% to 3%).
But those higher yields can do far more damage…
— Jim Bianco (@biancoresearch) December 19, 2024
BEWARE: This indicator points to an incoming recession pic.twitter.com/CsUdfyfjSR
— Bravos Research (@bravosresearch) December 19, 2024