Everyone is basically all in on the Fed pivot and loser financial conditions. The next phase should bring global RISK OFF/meltdown, followed by a neutral Fed.

30-Year Fixed Largest Weekly Decline Since ’20

Services Sector Shrinks Again

The Fed Disagrees, but Main Street Says ‘The Recession Is Already Here’

Confidence hits all-time low in CNBC/SurveyMonkey Small Business Survey, as weak sales outlook and inflation worry a Main Street that says recession is here.

Initial Jobless Claims Hit 8 Month Highs, Continuing Claims Jump Ahead Of Payrolls Print

Amid a growing wave of corporate layoff announcements, the number of Americans filing for first-time jobless benefits rose to 260k last week (moving its 4-week average to the highest in 8 months). More problematically, continuing claims is now starting to roll notably higher at 1.416mm – the highest since April.

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America’s Biggest Warehouse Is Running Out of Room. It’s About To Get Worse

America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of Los Angeles.

 

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