If this can’t break the market, what will?

Since January:

1. Dec. CPI revised higher by 0.2%

2. Nov. CPI revised higher by 0.1%

3. Jan. jobs report 200% above expectations

4. Jan. PPI revised higher by 0.3%

5. Fed futures added 3 rate hikes

Meanwhile, stocks are up 8% YTD.

If this can’t break the market, what will?

— The Kobeissi Letter (@KobeissiLetter) February 16, 2023

US unemployment forecasts

no bueno.. credit cards delinquencies may increase as well pic.twitter.com/Y9v56ujBU1

— Alessio (@AlessioTMAD) February 16, 2023

US Rates May Be Heading Higher Than Wall Street or Fed Think … BBG

Strong jobs market & sticky inflation to push rates higher

Tighter credit raises risk of an eventual US recessionhttps://t.co/yNtoIzc4LT

— Trading Floor Audio (@TradeFloorAudio) February 16, 2023

https://twitter.com/MFHoz/status/1625916612892033038

CBO projections announced today indicate deficit spending will be 5% GDP and growing for the foreseeable future.

It's hard to imagine a return to 2% inflation in that scenario. pic.twitter.com/WTqbvkaYsW

— Joseph Wang (@josephwang) February 16, 2023

$spx options volume pic.twitter.com/S4VauLaK9Q

— Álvaro Oviedo (@alvoviedo) February 16, 2023

World's largest liquidity producer is "foaming the runway" of an ultimate YCC exit. pic.twitter.com/VZL9kVtecN

— Steve Donzé (@steve_donze) February 16, 2023