Unfortunately all the sane people in the west have to pay a Russia outrage tax similar to the Covid hysteria tax we paid.
— George Gammon (@GeorgeGammon) April 4, 2022
U.S. to announce more Russia sanctions this week, says Biden aide https://t.co/QIHJ1mVxx7
— MarketWatch (@MarketWatch) April 4, 2022
Why I'm worried about housing:
– 5%+ mortgages mathematically will pull prices down
– Recession ahead (per yield curve inversion)
– Lots of new inventory set to release in popular markets
– Rising costs of living
– Financial market correction riskA perfect storm may be brewing
— Adam Taggart (@adamtaggart) April 4, 2022
In case you wonder what the 2-yr suggests
More later this month, but some quick takes
a) Economic activity tends to weaken after 2/10 inverts
b) Curve tends to un-invert before recession – ISM, credit spreads, equities, job growth confirm
c) Risk-assets already face a trap door pic.twitter.com/9vdyP6anby— John P. Hussman, Ph.D. (@hussmanjp) April 4, 2022
The Highly Watched 2-10 Inversion Recession Indicator May Not Be the Best Signal
All eyes are on the 2-10 bond market inversion. What about the 3-30 instead?https://t.co/nItE7vX0Qz
— Mike "Mish" Shedlock (@MishGEA) April 4, 2022
Second wave of supply shortages… pic.twitter.com/6ClJX83Phk
— Callum Thomas (@Callum_Thomas) April 4, 2022
The latest warning sign for U.S. stocks is coming from transports, a corner of the market closely watched for a read on the economy and the health of American consumers https://t.co/w4ZbhMzV3T
— Bloomberg Markets (@markets) April 4, 2022
https://twitter.com/WallStreetSilv/status/1511068485643759622
https://twitter.com/PriapusIQ/status/1511069497473519618
The global canary in the coal mine pic.twitter.com/s24ywkf0ck
— Andreas Steno Larsen (@AndreasSteno) April 4, 2022
A brief word on “the economy is strong” crowd.
The U.S. economy is 68% consumption.
Real (inflation-adjusted) disposable income has sunk off trend & savings as % of disposable income below pre-pandemic levels.
How exactly does that equate to “strong”?
@Quillintel @SoberLook pic.twitter.com/mWRTFje5YQ
— Danielle DiMartino Booth (@DiMartinoBooth) April 4, 2022
https://twitter.com/WallStreetSilv/status/1511048658594062337
https://twitter.com/ArtValley818_/status/1511063586390511616