Too early for #recession talk? This Fed model doesn't think so… pic.twitter.com/8nQxBwNGSQ
— 3xCancerSurvivorDog (@siriuslybs) November 24, 2021
*BLOOMBERG DOLLAR INDEX RISES TO HIGHEST SINCE JULY 2020
See the €? It’s been quietly moving for weeks which a (very) fee have noted. This ought to be great for the EM space as well.
cc @profplum99
— Danielle DiMartino Booth (@DiMartinoBooth) November 24, 2021
US Durables Goods Orders Unexpectedly Suffer First Back-To-Back Drop Since April 2020 t.co/usD0rHiGe3
— zerohedge (@zerohedge) November 24, 2021
Remember 2018? I think we could repeat that type of holiday plunge. In other words, Santa Claus may not be around for the rally this year. Instead, he might drink too much bourbon and pass out drunk on the pool table at his local watering hole. t.co/TPrdfNd5sl
— Quoth the Raven (@QTRResearch) November 24, 2021
#recession … #GFC2 US #Banks edition
Looks like reducing bank equity requirements isn't going to be an option for the #Fed to improve $USD #LIQUIDITY… 👇 t.co/Jxmz8ieGQs pic.twitter.com/Xg8F4p3oXc
— Invariant Perspective (@InvariantPersp1) November 23, 2021
$spx yield curve pic.twitter.com/ntioJzqFdW
— VIX Squared (@vixsquared) November 24, 2021
$spx earnings pic.twitter.com/pkDJqrNm1j
— VIX Squared (@vixsquared) November 24, 2021
U.S. GDP pic.twitter.com/4khoxfnV32
— Michael McDonough (@M_McDonough) November 24, 2021
Nasdaq :
Almost complete. pic.twitter.com/5TzmaMRJh8
— The Great Martis (@great_martis) November 24, 2021
📈 Core PCE comes in much hotter than the Fed would like!#PCE #CorePCE #inflation #USDJPY t.co/kE8aBgdWx9 pic.twitter.com/Sgomi3ZtEH
— Joe Perry FOREX.com (@JoeP_FOREXcom) November 24, 2021
U.S. Consumer Sentiment Drops to 10-Year Low on Inflation Fears
FOMC Minutes Show The Fed Fears Stagflation, Suggest Taper Pace Could Accelerate
FOMC Minutes Summary: Inflation just doesn’t seem to be dissipating even as the labor markets heal at a rapid rate. This had led some participants said faster taper could be warranted. There was also recognition that the labor force participation rate could be “structurally lower.”
The Fed Is “Very Much Behind the Curve’ on Inflation: Wharton’s Siegel
The Federal Reserve must speed up its fight against inflation, says Jeremy Siegel, renowned finance professor at the University of Pennsylvania’s Wharton School. The Fed now plans to finish tapering its bond purchases around the middle of next year, and some economists expect rate hikes shortly thereafter.
UMich Sentiment Holds At 10-Year Lows, Inflation Expectations At 13 Year High
After plunging to decade-lows in preliminary data, analysts expected practically no bounce at all for the final November print of University Of Michigan’s Sentiment survey, but in fact the data did bounce a little.
US Durable Goods Orders Unexpectedly Suffer First Back-To-Back Drop Since April 2020
After disappointingly dropping 0.3% MoM in September, analysts expected Durable Goods Orders to rebound in preliminary October data. They were wrong.