Credit default swaps for Credit Suisse going absolutely vertical. Consumer sentiment reaches lowest point in 42 years of measurement pointing lower

Woah, credit default swaps for Credit Suisse going absolutely vertical.

Insurance against the default of the $14b bank are approaching levels not seen since the Great Financial Crises. pic.twitter.com/FWaJtxqKSv

— Dylan LeClair 🟠 (@DylanLeClair_) July 6, 2022

I’d say so! Where the ISM goes, so goes negative earnings revisions. #macro #earnings $SPY $QQQ t.co/AYRilS25cu pic.twitter.com/i9QxeTLPvN

— Kantro (@MichaelKantro) July 6, 2022

At this level in 2018, the Fed stopped rate hikes. Today's minutes reiterated the need for massive rate hikes.

RISK IS BINARY. pic.twitter.com/qjgpxWLFe3

— Mac10 (@SuburbanDrone) July 6, 2022

Consumer sentiment reaches lowest point in 42 years of measurement pointing lower 🚨

The recession is all our fault because of how we are "feeling". pic.twitter.com/CBKJ3fkoog

— Wall Street Silver (@WallStreetSilv) July 7, 2022

Market implied probablity of recession. Via Fidelity. pic.twitter.com/jr3lV5ls6v

— Daniel Lacalle (@dlacalle_IA) July 7, 2022

RECESSION FEARS MOUNT

Manhattan apartment sales fall 30% in June, prices remain high – for now

"The unemployment rate is so low, how can there possibly be a recession coming?"

How indeed. pic.twitter.com/dBxOrRjcei

— Sven Henrich (@NorthmanTrader) July 7, 2022