Independent thinking for complex markets and current events
via JOHN RUBINO: Rising interest rates don’t hit everything all at once. Some sectors feel the pinch immediately while others keep chugging along, seemingly oblivious to tightening money. But eventually, the pain spreads far enough to hurt and/or scare everyone, which brings on the cycle-ending recession and bear market. That day is getting closer, as …
Philly Fed manufacturing index below -25 has a 100% hit rate in leading to recessions since the 1970s We’ve already hit levels as deep as -31.3 this cycle pic.twitter.com/b0oZkiqicM — Bravos Research (@bravosresearch) July 20, 2023 BREAKING: Philly Fed Manufacturing Index comes in below expectations Expected = -10.1 Actual = -13.5 — Bravos Research (@bravosresearch) …
by confoundedinterest17 Dallas after (economic) midnight! Particularly after 5 consecutive months of negative readings. For the fifth straight month, the Dallas Fed’s Texas Manufacturing Outlook survey disappointed expectations, printing -23.2 vs -21.8 exp) and is negative for a fifth straight month. Source: Bloomberg Texas factory activity declined in June, according to business executives responding to the …
NEW – German IFO business climate index deteriorated substantially to 88.5 in June, more than expected. pic.twitter.com/D3DrHGfcbI — Disclose.tv (@disclosetv) June 26, 2023 BREAKING: Euro zone manufacturing PMI falls to a 37-month low of 43.6 pic.twitter.com/Tb0MAsv5uR — Bravos Research (@bravosresearch) June 25, 2023
by confoundedinterest17 Another day under Biden/Yellen. Last night, “Republicans” joined Democrats to allow unlimited Federal spending and debt for the next two years. Way to go “Benedict McCarthy”! But today, we saw that ISM Manufacturing printed at 46.9 for May, the 7th consecutive month of contraction. Meanwhile, the Biden family twists the night away while Americans are ravished by inflation caused by bad …