2022 is off to the worst start to a year for the S&P 500 since 1939. pic.twitter.com/9Ur7tFv6NZ
— Ryan Detrick, CMT (@RyanDetrick) May 1, 2022
Welcome to global recession. China data are nose-diving, in manufacturing (lhs, blue) & services (rhs, blue). The Euro zone is still in denial, but German data are rolling over hard & recession is coming. We forecast only 1% Euro zone growth in 2022, which is a recession call… pic.twitter.com/kz8Lwrw2eb
— Robin Brooks (@RobinBrooksIIF) May 1, 2022
Safe havens have the clearest wave count AND a clear head and shoulders top:
Bulls, something needs to break before the Fed will reverse.
That something is YOU. pic.twitter.com/dGD8mfr050
— Mac10 (@SuburbanDrone) May 2, 2022
EURONEXT OSLO SAYS "AS A MATTER OF ROUTINE" INVESTIGATING SHARP FALL IN STOCKS ON MONDAY
EURONEXT OSLO SAYS THERE WAS NO NEWS IN THE MARKET THAT COULD EXPLAIN RAPID DECLINE IN STOCK PRICES
— *Walter Bloomberg (@DeItaone) May 2, 2022
👀 Email sent from Sequoia Capital in 2008 on how to deal with an unavoidable recession pic.twitter.com/GnVyphOQ8V
— Michael Goodwell (@MichaelGoodwell) May 2, 2022
$VIX iHS triggered 🚀🚀🚀 pic.twitter.com/j5W7r5uJIY
— Vik Soien (@VSoien) May 2, 2022
Interest rates are going parabolic stock market is going to crash.
The Bloomberg Global-Aggregate Total Return Index has lost 4.9% in April, putting it on track for the biggest monthly drop since its inception in 1990#bonds pic.twitter.com/aWQTkBayC8
— Pete Sampras (@KillinGswitCH98) May 2, 2022
The Fed is now officially at the other end of the spectrum from where they were in 2020.
Bulls are optimistic for another soft landing.
Delusion could not be greater.
This is arguably the most important chart going into FOMC:$USD: pic.twitter.com/ONM8hNJxYe
— Mac10 (@SuburbanDrone) May 1, 2022
Although not in my @RealVision piece out today – my views can be best summed up by this very important chart. The rate of change of yields is a forward indicator for growth, which Ive used for many years.
This is the biggest tightening of financial conditions ever. pic.twitter.com/Ol49LtOnpz
— Raoul Pal (@RaoulGMI) May 2, 2022
A flash crash in the Nordic region fueled a sudden selloff in European stock markets just before 10 a.m. CET on Monday t.co/daa3qo9bUY
— Bloomberg Markets (@markets) May 2, 2022
China’s Lockdowns of Tens of Millions Inflicts More Pain on Global Supply Chains
Seeing China’s financial hub Shanghai, home to 25 million, come to a standstill amid more than four weeks of lockdown has made those in Beijing nervous. The capital city has detected growing COVID-19 outbreaks and has rushed to conduct mass testing in a bid to contain the virus.
The Foreclosure Avalanche Has Started: 181% Surge to Highest Levels Since March 2020
In March 2022, foreclosures surged 181% to highest levels since March 2020, with Chicago, New York, LA and Houston lead the pack. Some eight months after a nationwide moratorium on foreclosures expired, foreclosure filings soared to the highest level since the pandemic began.
S&P 500 Bounces Off Support For the Third Time, What’s Next?
The problem for the bulls is that each bounce off a technical support level gets weaker and weaker.
Not the 1970s or the 1920s: We’re in Uncharted Territory
All of these similarities and differences are setting up a sea-change revaluation of capital, resources and labor that will be on the same scale as the extraordinary transitions of the 1920s and 1970s.
M2 Money Velocity Crashes To Near All-time Low As Fed Continues To Print Money At 9% YoY Clip
M2 Money Velocity (GDP/M2 Money) peaked in Q3 1997, but after several bouts of Fed money printing, M2 Money Velocity is near the all-time low at 1.1216 In Q1 2022. And M2 Money stock is still growing at a torrid pace of 9.9% YoY. But the massive overreaction of The Federal Reserve in response to the Covid outbreak has led to near zero money velocity.
Q1 US Employment Costs Skyrocket Most In History Helping To Increase Already Soaring Inflation
Not only has The Federal Reserve driven M2 Money Velocity to near historic lows, but now we find out that the Employment Cost Index just rose to a historic high. Of course, a variety of minimum wag…
As inflation soars, major central banks are tightening monetary policy – threatening another shock to the world’s economies and financial markets. t.co/NCqV7KwWia
— Bloomberg Markets (@markets) May 2, 2022
#Singapore must prepare for more economic challenges as #inflation will remain high and central banks are tightening policies, Prime Minister Lee Hsien Loong says, warning that the world may face a #recession within the next two years.t.co/kzyXPDmZCf
— Al Arabiya English (@AlArabiya_Eng) May 1, 2022