The clearest wave count.
And the worst case for bulls.
This portends panic before the end of the year. pic.twitter.com/Lvjh9hfIAN
— Mac10 (@SuburbanDrone) November 14, 2023
"This time is different" pic.twitter.com/Wvm3oZO2Wb
— Mac10 (@SuburbanDrone) November 14, 2023
Bulls, you gave it a good try, but you didn't make it to the end of the year this time.
Now, you will shit a brick in order to get me those rate cuts I'm expecting. pic.twitter.com/WhcgxVt0UW
— Mac10 (@SuburbanDrone) November 15, 2023
My advice is to avoid the temptation of this circle jerk.
Of course rate cuts are coming.
But only pundits will enjoy them when they arrive. For bulls, it will mean they've been wiped off the map.
So I suppose I'll enjoy them as well. pic.twitter.com/W1dO8LV8fH
— Mac10 (@SuburbanDrone) November 14, 2023
t.co/8Rf19RAim3
"Core CPI increased 4%, against the forecast of 4.1%, still well above the Federal Reserve’s 2% target"Zerohedge
"Countdown to rate cuts" pic.twitter.com/BbTuE1NnSv— Mac10 (@SuburbanDrone) November 14, 2023
Despite one of the largest market rallies in 2 years VIX closed the day completely flat, right before VIXpiration.
Must be just a coincidence 😏 t.co/jPkdMrzk0T pic.twitter.com/v3YjdTqLom
— Financelot (@FinanceLancelot) November 14, 2023
🇺🇸 US NFIB small business sales -17
Deeper in #recession territory!
Chart: @HedgeyeUSA pic.twitter.com/8IMo2U2C5L
— Alex Joosten (@joosteninvestor) November 15, 2023
Hoisington Investment Management’s Dr. Lacy Hunt Calls for Hard Landing
Despite enduring the worst year for long-dated Treasuries in U.S. history, Dr. Lacy Hunt, a prominent ‘deflationist’ and treasury bull, remains steadfast in his bullish stance on these bonds. He believes that the Federal Reserve’s current tight monetary policy will lead to a severe economic downturn, causing long-term rates to plummet. While Hunt’s unwavering conviction is noteworthy, especially after a challenging 18 months for his fund, there’s growing speculation about whether this anticipated ‘hard landing’ might keep getting pushed further into the future.
The Fed Is Terrified Americans Are Losing Faith That Inflation Will Return to Normal
The Federal Reserve is facing a challenging situation as public confidence in the return to normal inflation wanes. Inflation expectations have hit their highest level since 2011, complicating the Fed’s task. If these expectations continue to rise, the Fed may be compelled to further tighten monetary policy, potentially leading to higher interest rates for a prolonged period. This situation could create a deflationary scenario, where persistent high inflation erodes public trust and forces the Fed into more aggressive action, risking a slowdown in economic activity and potential deflationary pressures.
Bank Credit Growth Negative For 15th Straight Week, Savings Growth Negative For Last Two Quarters
Amid economic challenges, Biden’s campaign communications director, Michael Tyler, controversially stated the need for “another four years to finish the job,” raising concerns about what that implies. The US faces troubling signs like consecutive weeks of negative bank credit growth and declining net savings as a percentage of gross national income. Additionally, September saw the most significant consumer credit drop since May 2020, hinting at a looming recession.