Independent thinking for complex markets and current events
Conference Board: Index inches higher to 92.8 as labor market offsets gas pain… Present Situation Index retreats as consumers feel the Middle East “pincushion”… Inflation expectations surge to 4.7% as war shocks hit the household pocketbook… Economists: “Resilience is thin” as nearly 50% expect higher rates through 2027… US consumer confidence inches higher in April …
Nearly four in ten Americans believe we are living in the end times, according to the Pew Research Center. Among historically Black Protestants and evangelicals, the belief climbs to 76 percent and 63 percent respectively. These numbers reflect widespread anxiety grounded in economic and social stress. Mortgage demand is collapsing. Applications fell 10.9 percent in …
by Michael The United States has gathered more firepower in the Middle East than we have ever seen before. It exceeds anything that we witnessed during Operation Desert Storm, it exceeds anything that we witnessed during the war in Afghanistan, and it exceeds anything that we witnessed during the war in Iraq. That doesn’t necessarily …
Authored by Mike Shedlock via mishtalk, Consumer Sentiment as measured by University of Michigan drops slightly. University of Michigan Consumer Sentiment Please consider the Preliminary University of Michigan Sentiment Report for October. Overall, consumers perceive very few changes in the outlook for the economy from last month. Pocketbook issues like high prices and weakening job prospects remain …
https://twitter.com/RJRCapital/status/1836734007062470665 US 30 Yr minus the 3-month pic.twitter.com/f1UqwiYV2Z — Michael J. Kramer (@MichaelMOTTCM) September 19, 2024 https://twitter.com/RJRCapital/status/1836735432463102043 hedge funds starting to hedge with short bonds ETFs Macro furus long bonds in shambles — Alessio (@AlessioTMAD) September 19, 2024 Cuts ✂️ & Returns 📉 📈 pic.twitter.com/x4wS2qdlNp — Win Smart, CFA (@WinfieldSmart) September 19, 2024
Japan grapples with a pivotal moment as its key inflation measure shows the first acceleration in four months, hinting at potential inflationary pressures. Simultaneously, the nation faces a persistent downturn in factory activity, marking the sixth consecutive month of contraction, intensifying speculation about the Bank of Japan’s imminent pivot away from NIRP (Negative Interest Rate …