by laflammaster
3Y Treasury Yield is looking to catch up to 20Y Yield after passing 30Y Yield. Everything is fine.
Tick up for July ISM Services to 56.7 vs. 53.5 est. & 55.3 in prior month; new orders bounced back as prices paid and supplier deliveries fell; backlogs ticked lower, inventory remains in contraction (though inventory sentiment is expanding), and employment is still contracting pic.twitter.com/XCtepNL1mR
— Liz Ann Sonders (@LizAnnSonders) August 3, 2022
"Low-income consumer pulling back in the U.S. becoming more pronounced," $YUM CEO has said.
— unusual_whales (@unusual_whales) August 3, 2022
The ISM services prices paid index also fell sharply in July: An average of the manufacturing & services price indices is now at a level normally consistent with inflation of 3% pic.twitter.com/l0EXSFmVkr
— MacroMarketsDaily (@macro_daily) August 3, 2022
Fed's Kashkari: wages are climbing; risk this goes to wage-driven inflation story
Fed's Kashkari: concerning inflation is spreading; we need to act with urgency
Fed's Kashkari: very unlikely scenario Fed will cut rates next year
— Tom (@TradingThomas3) August 3, 2022
Didn't think we would get a wave 5 up as they usually fail in bear markets.
Price went for a throw-over in rising wedge, strong reversal should follow.
Max pain is 1-1.5% more upside if the price doesn't sell-off now. pic.twitter.com/T693p5kWxb
— HOZ (@MFHoz) August 3, 2022