“If the economy is re heating and we are avoiding a recession then inflation will also re heat and they will raise more and we will still end up in a recession. Yes, it is that simple.”
If the economy is re heating and we are avoiding a recession then inflation will also re heat and they will raise more and we will still end up in a recession. Yes, it is that simple.
— HY6 (@highyield6) July 1, 2023
Easing financial conditions have been the biggest driver of market moving higher pic.twitter.com/DY84iqYKzY
— Michael J. Kramer (@MichaelMOTTCM) July 1, 2023
Long-term investors should not touch the market even with a ten-foot pole
Earnings yield is only at 2.8%
Current valuations have marked iconic tops, like 1929 and 1966 pic.twitter.com/mLlFDgrqHN
— Game of Trades (@GameofTrades_) July 1, 2023
$SPX is expected to report a Y/Y earnings decline of -6.8% for Q2 2023, which would be the largest decline since Q2 2020 (-31.6%). #earnings, #earningsinsight, pic.twitter.com/Ipi1X8TDHw
— FactSet (@FactSet) July 1, 2023
“The odds of war and/or economic chaos in the next 18 months is extremely high according to Ray Dalio.”
The odds of war and/or economic chaos in the next 18 months is extremely high according to Ray Dalio.
— Wall Street Silver (@WallStreetSilv) July 1, 2023
While everyone was getting max bullish on Friday they didn't notice Pring's Bottom Fisher roll over.
Also the MACD indicator on Apple/VIX crossed. t.co/Q9rPmGEhpz pic.twitter.com/AzyFWHsoCH
— Financelot (@FinanceLancelot) July 1, 2023
Fed’s Favorite Inflation Signal Remains ‘Stuck’ As Wage-Growth Re-Accelerates In May
Core PCE inflation remains high at 4.6% YoY. Spending growth stalls, while wage growth re-accelerates. Real personal spending stays unchanged. The savings rate increases. The situation raises concerns of a consumer pullback and signals a potential onset of stagflation.
American States Once Awash In Cash See Their Fortunes Suddenly Reversed
California, once flush with a record surplus, now faces a $32 billion deficit as the tech industry wanes and pandemic funding ends. The state’s reliance on wealthy residents for tax revenue, particularly from capital gains, leaves its budget vulnerable to fluctuations. In contrast, states like Florida and Texas, which rely on sales taxes, are experiencing revenue growth. The diverging fortunes between Democrat and Republican-led states highlight the ongoing divisions in the United States. While some states have built up reserves and prepared for economic downturns, others are enacting tax cuts despite a weaker fiscal environment. As the stock market rallies, state tax revenues are beginning to normalize, signaling an end to the days of booming revenues.