US manufacturing production, a coincident indicator, is contracting at a 1.9% annualized pace, a level generally not seen outside of recessions.
1/2 pic.twitter.com/LmFe5y8Vfl
— Eric Basmajian (@EPBResearch) February 27, 2023
This data comes from the EPB February Cyclical Trends Update and video presentation.
More information here: https://t.co/4z4IoNN7C7
— Eric Basmajian (@EPBResearch) February 27, 2023
https://twitter.com/steveanastasiou/status/1630342324273434624
This is such an interesting chart from Morgan Stanley.
Debt payments are now growing faster than discretionary income.
This is not comforting in the slightest and just more proof that the consumer is not strong.
We've been discussing this since June 2022. pic.twitter.com/m5tqucoTSX
— Ayesha Tariq, CFA (@AyeshaTariq) February 27, 2023
More hikes incoming:
JUST IN – Inflation "surprisingly" rebounds in France and Spain. pic.twitter.com/vrPHq7wBC9
— Disclose.tv (@disclosetv) February 28, 2023
Don't look now, but inflation is accelerating in Spain again pic.twitter.com/FQ6oR0smmQ
— Markets & Mayhem (@Mayhem4Markets) February 28, 2023
https://twitter.com/MFHoz/status/1630323294711808002
Who is buying the stock market? According to Bank of America the main provider of liquidity has been buybacks. pic.twitter.com/3ztHP1EoAa
— Alessio (@AlessioTMAD) February 28, 2023
In a day where $SPX attempted a strong bounce, we had:
1. $VIX down 12% from last week's high
2. First $DXY pullback in 5 days
3. Technology stocks up
4. $TSLA up nearly 6%
5. Rates pulling back off their highs
We had every reason to rally and $SPX added just 12 points.
— The Kobeissi Letter (@KobeissiLetter) February 28, 2023