This is what everyone is fundamentally missing.
A highly levered economic system literally doesn't function when Treasuries and stocks correlate continuously on the downside. t.co/DqT1qtoauk
— Michael A. Gayed, CFA (@leadlagreport) June 7, 2022
cost of money beginning to bitet.co/Y2ajk6DuDs
— Jim Panzee – CIO Chimp Capital (@Ozard_OfWiz) June 7, 2022
“Target’s struggle to adjust to rapid shifts in demand amid stubborn inflation that’s forced consumer spending into less-profitable staple goods and away from discretionary categories such as electronics and home products” – keep rotating pic.twitter.com/YSiW8w3GHu
— Gianluca (@MenthorQpro) June 7, 2022
— Carl Quintanilla (@carlquintanilla) June 7, 2022
The biggest risk for Equities is no longer valuations – but the outlook for earnings – even US CEO's are now indicating the kind of conditions that in the past have seen earnings recessions… pic.twitter.com/owEaAtV5Nb
— Ian Harnett (@IanRHarnett) June 5, 2022
Midtown Manhattan median asking rents: pic.twitter.com/IW3dEtIBBp
— Joshua Steiner (@HedgeyeFIG) June 7, 2022
Absolute level is not a problem but rate of change in loan loss provisions is significant. All eyes on Q2 provisions. @SoberLook pic.twitter.com/6gnfnYxoEB
— Matt Garrett (@MattGarrett3) June 7, 2022
JPM Treasury client shorts rose 6ppts, longs dropped 4ppts with neutrals falling 2ppts. All clients are now most net short since March 28. All clients (June 6 vs May 31)
– Long: 9 vs 13
– Neutral: 63 vs 65
– Short: 28 vs 22
– Net: -19 vs -9— zerohedge (@zerohedge) June 7, 2022
Inflation divide: The wealthy splurge, the poorest pull back