#recession … #StockMarket Bubble edition https://t.co/p7cgcLzyrT pic.twitter.com/So5TXB58ic
— Invariant Perspective (@InvariantPersp1) December 11, 2024
Big cap Tech performance last 8 trading days $GOOGL 14%$AAPL 5.5% $MSFT 6% $META 10% $TSLA 18% $NFLX 6%
— TT3 (@TradingThomas3) December 11, 2024
Bitcoin ripping
Gold ripping
Most stocks ripping.Why? Because the Fed is a farce and not restrictive and will cut rates next week.
— QE Infinity (@StealthQE4) December 11, 2024
Rick gets it.
Cutting rates is complete insanity.
This is why the long end stays elevated: pic.twitter.com/M218qihrmV
— QE Infinity (@StealthQE4) December 11, 2024
The Fed will likely cut rates next week even though inflation is running at over 3% annually.
Why?
I have no idea. Because the market wants it?
It’s become a clown show at this point.
Theres no justifiable reason to cut rates imo.
But they will.
— QE Infinity (@StealthQE4) December 11, 2024
BREAKING: Job openings have been falling off a cliff
This typically happens heading into recessions
Buckle up pic.twitter.com/3NtgXWMZp5
— Bravos Research (@bravosresearch) December 11, 2024
In 2008 we had roughly 2m working aged adults net joining the labor force.
Now its closer to 0 https://t.co/bgHV5QBcd4 pic.twitter.com/XFgGJW2mQK
— Darth Powell (@VladTheInflator) December 9, 2024
Shelter remains stubbornly high, but most alarming thing I see in today’s CPI report is FOOD
The increase in food prices doubled from October to November
And it’s not the cereals and junky processed stuff
Beef 🥩 is up 3.1%
Eggs 🥚 up 8.2%— Amy Nixon (@texasrunnerDFW) December 11, 2024
As long as we keep getting lower highs and lower lows we’re ok. If we start getting higher highs and higher lows, that’s confirmation we have a problem. 👇🏼 pic.twitter.com/NvIzKPCOYQ
— Kalani o Māui (@MauiBoyMacro) December 11, 2024
Two crazy stats: Egg prices are up 8% this month and 38% on the year and auto insurance up 13% this month
Anyone know why on auto insurance? pic.twitter.com/9cN7lBXrYY
— Saagar Enjeti (@esaagar) December 11, 2024
Powell was clear at his last presser that inflation is above target largely due to shelter, which is lagging and reflects "past inflationary pressures."
It's all but mission accomplished for them. https://t.co/5FU0QaPQ2Y
— Joseph Wang (@josephwang) December 11, 2024
BREAKING: November CPI inflation RISES to 2.7%, in-line with expectations of 2.7%.
Core CPI inflation was 3.3%, in-line with expectations of 3.3%.
Headline CPI inflation is now at its highest level since July 2024.
Inflation has leveled off above the Fed's 2% target.
— The Kobeissi Letter (@KobeissiLetter) December 11, 2024
Food price inflation is back on the rise as the monthly increase in prices doubled from Oct (0.2%) to Nov (0.4%) – the situation isn't getting better, but deteriorating: pic.twitter.com/0hZyU9fXiu
— E.J. Antoni, Ph.D. (@RealEJAntoni) December 11, 2024
Oil demand is collapsing:
OPEC just announced its 5th-straight monthly downward revision to its oil demand outlook.
China's crude oil imports fell for 10-STRAIGHT months this year, the steepest drop since the pandemic.
Are oil markets signaling a recession?
(a thread)
— The Kobeissi Letter (@KobeissiLetter) December 11, 2024
Yellen has said that Trump's tariffs could increase inflation, per Reuters.
She famously said inflation was transitory.
— unusual_whales (@unusual_whales) December 11, 2024
#Gold is about to start making headlines again… https://t.co/2b77btn47F pic.twitter.com/QSVBwT89Ah
— JustDario 🏊♂️ (@DarioCpx) December 11, 2024
UnitedStates EIA Crude Oil Stocks Change at -1.425M https://t.co/8hPPrPgTMH pic.twitter.com/p90AdkDca5
— TRADING ECONOMICS (@tEconomics) December 11, 2024