Markets are beginning to trade “unhinged” — a capitulation point approaches.
Running all my charts/signals for the Global Review — due out later today.
Here is a preview in preparation for August.
“Don’t start the week without it” pic.twitter.com/blH9fGhajg— Macro Charts (@MacroCharts) August 3, 2024
The freight market is recovering but could collapse with a broader economic downturn or black swan event.
The freight market is recovering from the Great Freight Recession, but that could change if the broader economy collapses – or – there is a black swan event.
There is a historical precedent –
There was a sharp 2-year freight recession that started in 2006. The freight market…
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) August 3, 2024
The unemployment rate rose to 4.3% (highest October 2021), triggering the Sahm recession rule
via @KoyfinCharts pic.twitter.com/UWIgsfLnJA
— Daily Chartbook (@dailychartbook) August 3, 2024
There's been a dramatic shift in the target fed funds rate probabilities for the upcoming 4 FOMC meetings.
via @macro84 pic.twitter.com/nGyavJIBWs
— Daily Chartbook (@dailychartbook) August 3, 2024
"Chapter 11 filings reach highest level in more than a decade."@_ToddGillespie @ncallanan @jillrshah pic.twitter.com/z3T6J8ZAP6
— Daily Chartbook (@dailychartbook) August 3, 2024