The Economy Is Painted Into A Corner And The Market Loves It

The economy is painted into a corner.

– Equity earnings at its widest spread against inflation since the GFC

– Core CPI now above the entire Treasury curve.

– Strong bullish case for precious metals

Thanks for having me @GuruHavenHQ @Simple_Trendshttps://t.co/fAwpBVewtt

— Otavio (Tavi) Costa (@TaviCosta) November 15, 2019

big miss on ip as mfg recession continues pic.twitter.com/iMlM15f9Ev

— Alastair (@StockBoardAsset) November 15, 2019

U.S. manufacturing output slumped in October by the most in 6 months as the $GM auto workers’ strike and Trump administration trade war weighed on factories. https://t.co/nzbXGWODa4 via @katiadmi @economics @business pic.twitter.com/WvKr8u1ot8

— Steve Matthews (@SteveMatthews12) November 15, 2019

J.P. Morgan composite business survey indexes: US pic.twitter.com/jMgJXx6bNA

— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 15, 2019

Cass Freight Index -5.9% in Oct (11th straight decline) w/ latest co message: shipments from “warning of potential slowdown” to “signaling economic contraction” (index has in past registered neg numbers without bringing neg GDP, demand is weaker across almost all modes of transp pic.twitter.com/FVheG9dF2a

— Liz Ann Sonders (@LizAnnSonders) November 14, 2019

https://t.co/yiA0bcWZQ0

— Alastair (@StockBoardAsset) November 15, 2019

Total retail sales growth decelerated to 3.10% year over year. pic.twitter.com/U1mQTUMznc

— Eric Basmajian (@EPBResearch) November 15, 2019

https://twitter.com/GreekFire23/status/1195402169060675594

GDP Estimates Crash on Dismal Economic Reports

GDP Estimates are well below 1.0% following industrial production and retail sales estimates.