Global PMI follows global M1 growth, which has fallen to the 09 low suggesting a PMI <47. It got much worse in 09.
Also, UST10y yields track Global PMI. Forecast PMI suggests that 10y yields will make new lows breaking 1.61.
— Anil (@anilvohra69) March 17, 2019
Watch out below.
Top U.S. business leaders are “bracing for a recession,” and many are already starting to slash costs to prepare their companies for a downturn ahead.
So says the research firm Gartner, after a study of all the recent fourth-quarter corporate results announcements, and the transcripts of business leaders’ earnings calls with Wall Street analysts.
The news comes just days after employers nationwide stunned Wall Street with dismal jobs-growth numbers for the month of February.
Meanwhile the Atlanta branch of the Federal Reserve, which tracks national economic numbers in real time, warns that the U.S. economy is already in danger of stalling.
‘A significant number of leading firms are taking a recessionary stance and making preparations to capitalize on a downturn rather than be a casualty of one.’
🇭🇰Hong-Kong Air Transport movements (Freight) vs🌐CPB World Trade Volume via @C_Barraud What´s next? Deceleration or Recession?@TradersCom @Lizardjb3 @ThePitBoss16 @hks55 @OccupyWisdom @JuanIgnacioCre1 @SpeculaThor @Analyst_G @LordPolemos @mgftzgd @CoryLVenable @Simple_Trends pic.twitter.com/9YO3SSNHuj
— Antonio Pérez Algás (@apanalis) March 17, 2019
no trough yet pic.twitter.com/mXq9yHs29s
— Alastair Williamson (@StockBoardAsset) March 16, 2019
#Insight – semicondoctor sales are in free fall – worst since 2008..! CEO’s Of semies keeps promising rebound in 2. half – but why are there no insider buying since the lows then?? Insider selling is still rambant..! $AMD $NVDA $TXN $INTC $AMAT pic.twitter.com/kDGGWu8Jhw
— Domenick Beskos (@DomenickBeskos) March 16, 2019
Household Assets to Disposable Income show one of the highest leverage ratios EVER (and corporate balancesheets are also doing something very similar – not shown here)
THIS IS AN EXCEPTIONALLY IMPORTANT CHART
— mcm-ct.com (@mcm_ct) March 16, 2019
Most analogs are low probability, but I will say the chart overlay matches well and the % moves from point to point are pretty remarkable. I think the most valuable piece of info here is the responses as it relates sentiment. $SPX t.co/7nWJOb0zqV
— Teddy Vallee (@TeddyVallee) March 16, 2019