BREAKING: China’s total export volumes of rare-earth magnets fell -74% year-over-year in May, the biggest monthly decline on record.
This comes after a -45% drop seen in April.
Total rare-earth magnet exports reached 1.2 million kilograms last month, the least since February… pic.twitter.com/AuqJRTrVkB
— The Kobeissi Letter (@KobeissiLetter) June 23, 2025
🚨US economic activity is deteriorating:
The US Economic Surprise index dropped to the lowest level in 9 months.
Most recently, US retail sales and industrial production readings disappointed.👇https://t.co/1KMP8NITtw
— Global Markets Investor (@GlobalMktObserv) June 24, 2025
🚨US recession alert:
The Conference Board Leading Economic Index (LEI) has fallen ~5% annualized over 6 months, triggering a RECESSION signal.
It’s now down ~16% from its peak and hit a 9-year low.
In the past, such drops have preceded every US recession since 1960. pic.twitter.com/ks8ueEtcO8
— Global Markets Investor (@GlobalMktObserv) June 23, 2025
Leading US economic indicators are still signaling a recession:
The Conference Board Leading Economic Index (LEI) fell- 0.1% MoM in May, posting its 6th straight monthly decline.
This index has declined in 37 out of the last 39 months, one of the worst streaks on record.
The… pic.twitter.com/yDxNR4ZuBK
— The Kobeissi Letter (@KobeissiLetter) June 23, 2025