Non existent credibility trigger the Fed is once more out of synch with the market and the info.
Yields dropping as a brand new Fed coverage error of staying too excessive too lengthy would kill any gentle touchdown narrative.
Powell’s bought some explaining to do. pic.twitter.com/GVsDvjIqab
— Sven Henrich (@NorthmanTrader) January 18, 2023
U.S PPI (MOM) (DEC) ACTUAL: -0.5% VS 0.3% PREVIOUS; EST -0.1%
U.S PPI (YOY) (DEC) ACTUAL: 6.2% VS 7.4% PREVIOUS; EST 6.8%
U.S CORE PPI (MOM) (DEC) ACTUAL: 0.1% VS 0.4% PREIVOUS; EST 0.1%
U.S CORE PPI (YOY) (DEC) ACTUAL: 5.5% VS 6.2% PREVIOUS; EST 5.7%
— First Squawk (@FirstSquawk) January 18, 2023
EPS: Revenue Recession simply getting began with 34 firms reporting -6.7% up to now… pic.twitter.com/avwLikubBr
— Keith McCullough (@KeithMcCullough) January 18, 2023
The Empire State survey laid one other egg, coming in at 32.9 for January. That is akin to the previous readings from the World Monetary Disaster.
With the S&P 500 buying and selling at 4,000, the Avenue anticipates that its earnings will rise from $200 in 2022 to $225 in 2023.
I disagree. pic.twitter.com/In7rCrlECQ
— Jeff Weniger (@JeffWeniger) January 17, 2023
If Empire new orders index is any indication of the place ISM new orders will come on Feb. 1st, and there definitely seems to be a correlation, it should be ugly. -31.1 is the third worst month-to-month quantity for the reason that survey was created in 2001. pic.twitter.com/2T15Bq0CYR
— Randy Woodward (@TheBondFreak) January 17, 2023
The 10Y is consolidating earlier than its last transfer upward to five%. This would be the last nail within the coffin for this market. I anticipate the S&P 500 to plunge to 2000, the Russell 2000 to drop to 1000, and the Nasdaq 100 to fall to 6500.
— HOZ (@MFHoz) January 17, 2023
Former Secretary of Labor Robert Reich believes the Federal Reserve’s fee hikes should not working and stated the central financial institution ought to cease believing it will probably simply cease profit-price inflation by mountaineering rates of interest.
— unusual_whales (@unusual_whales) January 18, 2023
Are you able to hear me now, Jerome? pic.twitter.com/J5DWzidcWR
— Danielle DiMartino Sales space (@DiMartinoBooth) January 18, 2023
‘Gentle Touchdown’ Narrative Nuked As US Industrial Manufacturing Plunges In December And New York Biz Leaders Survey Crashes To -21.4 (US Treasury 10Y Yield Drops -14.1 Foundation Factors)
Gentle touchdown for the US economic system? It’s wanting much less and fewer doubtless. The bond market (10-year Treasury yield) simply shed -14.1 foundation factors. As I all the time instructed my investments college students, any 10 foundation level shift within the 10-year Treasury yield is important.
Let’s begin wit the US enterprise leaders survey of present situations. It simply crashed to -21.4
Then we now have US industrial manufacturing, down -0.7% in December. And is up just one.65% year-over-year as M2 Cash development stalls.
Press Sec: “Biden’ s financial plan is certainly working,” 🤡 pic.twitter.com/4MI79OXFb5
— Clown World ™ 🤡 (@ClownWorld_) January 17, 2023
The housing market is crashing and mainstream media is just not reporting on it…
See additionally World Financial Discussion board Says World Economic system Collapsing