Monetary policy is about to explode and the losses will be unprecedented. pic.twitter.com/iTny7fHPSi
— Mac10 (@SuburbanDrone) May 15, 2024
S&P 500 hits all-time high in hope for rate cuts
But the US economy has:
1) 37 MONTHS OF INFLATION ABOVE 3%
2) Plummeting consumer confidence and sentiment
3) $2 trillion deficits
4) $34.6T NATIONAL DEBT
5) 600k full-time jobs lost in the last 12 months
S&P 500 hits all-time high in hope for rate cuts
But the US economy has:
1) 37 MONTHS OF INFLATION ABOVE 3%
2) Plummeting consumer confidence and sentiment
3) $2 trillion deficits
4) $34.6T NATIONAL DEBT
5) 600k full-time jobs lost in the last 12 monthst.co/eLasx6UhXO— Global Markets Investor (@GlobalMktObserv) May 16, 2024
๐บ๐ธ US Conference Board Leading Economic Index -13.1% off its previous peak.
๐๐ป ๐ฟ๐ฒ๐ฐ๐ฒ๐๐๐ถ๐ผ๐ป ๐๐ฒ๐ฟ๐ฟ๐ถ๐๐ผ๐ฟ๐!
Chart: @Vetta_Fi pic.twitter.com/LwdIrPeIUh
— Alex Joosten (@joosteninvestor) May 15, 2024
Real retail sales contracted in April.
In the last expansion, real retail sales increased at a 2.9% annualized pace.
Real retail sales are back to the trendline of the last expansion after outpacing by more than 12%. pic.twitter.com/XuUIMuoISG
— Eric Basmajian (@EPBResearch) May 15, 2024
Home builder sentiment collapsed in May.
Down 12% month over month. To an index level of 45.
This level of sentiment is well below the long-term norm and suggests sluggish housing market conditions in H2 2024.
Watch out for more aggressive builder price cuts as year goes onโฆ pic.twitter.com/xmpkZ7ScWU
— Nick Gerli (@nickgerli1) May 15, 2024
The stock market is not the $SPX.
Around 70% of stocks are below their 2021 highs.
Perhaps the intellectually honest question should be โwhat is the market?โ t.co/agHEgeQBys
— Michael A. Gayed, CFA (@leadlagreport) May 16, 2024
I know this hasn't mattered in… ever, but 'global net liq' by this measure is below the Oct 2023 lows. pic.twitter.com/xAZbO1isIz
— Swordfishvegetable (@Swordfishv44183) May 15, 2024
S&P500
2008 VS 2024
New highs
Bullish ?
Its probably nothin .โ ๏ธ pic.twitter.com/3BdpyC8at5
— The Great Martis (@great_martis) May 15, 2024