https://twitter.com/NorthmanTrader/status/1620869800015831045
The Bloomberg Financial Conditions Index has risen to about the loosest in a year: https://t.co/LO889kMrXn pic.twitter.com/lXxHvhcbh1
— Lisa Abramowicz (@lisaabramowicz1) February 1, 2023
If Powell is dovish today, signaling end of rate hikes, it means the Fed believes we are entering recession. Only problem is stocks are priced for a growing economy and earnings growth/margin expansion in FY23. There's a big disconnect between prices & fundamentals. pic.twitter.com/uXbVhOJtaz
— Greg (@GS_CapSF) February 1, 2023
RECESSION: not landing softly pic.twitter.com/UmU8ClB1BY
— Keith McCullough (@KeithMcCullough) February 2, 2023
“People are now saying, ‘Oh, it’s better than feared,’ and this, that and the other. That’s like saying a tornado ripped through your house and saying, ‘Oh well, it only knocked out the bedroom.’ The earnings are bad"
Morgan Stanley's Mike Wilson
https://t.co/MIv5smh7BS— Jonathan Ferro (@FerroTV) February 1, 2023
S&P 500 results for Q4 have been pretty disappointing so far. A greater share of member companies have missed analyst EPS expectations since at least 2014 with the exception of the March 2020 pandemic distortion. Positive earnings surprises have been smaller than usual @bloomberg pic.twitter.com/BQR789qIx2
— Lisa Abramowicz (@lisaabramowicz1) January 31, 2023
United States. Manufacturing PMI at 47.4 in January 2023 means the productive sector remains in deep contraction while GDP is lifted by government spending, inventories and lower imports.https://t.co/oqlpy2lVtc
— Daniel Lacalle Official Account (@dlacalle_IA) February 2, 2023
January job cuts in the US at double the pace vs last year and highest monthly job cuts since Sep 2020.
Markets: yeh bro soft landing, max bidding.
— Alf (@MacroAlf) February 2, 2023
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