Global shipping bellwether Fedex is more bearish now than they were in September 2008:
Sept. 9th, 2008
Fedex Expects To Beat Its Forecast:t.co/chcpBX7KwjThis chart shows today's closing price, not after hours: pic.twitter.com/dJtqU907SU
— Mac10 (@SuburbanDrone) September 15, 2022
$FDX cost cutting initiatives. Closing 90 locations, 5 corporate offices, and parking aircrafts all due to macroeconomic headwinds.
I think people ought to pay attention. An earnings recession is in play but, the market refuses to acknowledge it. pic.twitter.com/HDDtTbmNxw
— Ayesha Tariq, CFA (@ayeshatariq) September 16, 2022
NOW IS IT A RECESSION? FedEx issues ominous warning about the global economy, shares tumble. “Cost-cutting measures outlined by FedEx include reducing flights, temporarily parking aircraft, closing more than 90 FedEx office locations, and deferring hiring plans.”
Monday: Goldman Sachs preparing layoffs across all departments as soon as next week.
Think about this.. countries are registering record deficit, high inflation and higher rates pic.twitter.com/tYqcPr23Wu
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 16, 2022
When wages increase, inflation becomes sustained
Ex energy & food t.co/qPL19yCsv8
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 16, 2022
UK’s deficit hit new record $GBPeso @spaghettilisbon pic.twitter.com/RzH6t813KJ
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 16, 2022
"Global Recession Looms Amid The Broadest Rate Hikes In Five Decades"t.co/xLlQuuAMFR
"But this recession will be a soft landing" pic.twitter.com/XL27zjLubf
— Mac10 (@SuburbanDrone) September 16, 2022
China M2
Sustained inflation for commodities > stagflation intensifies t.co/Y5ZthWYTL9 pic.twitter.com/CIZ4DOV9kZ
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 16, 2022
Commodities are outperforming European equities
Just an example commodity ETF vs Dax
But for fintwitter this is not a stagflation.. as long as commodities remain strong, rates have to rip higher pic.twitter.com/8GJvIukhwS
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 16, 2022
UK public inflation expectations at record high for coming year – BoE t.co/lmaxvbyb0g
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 15, 2022
Japan's trade deficit is registering new records pic.twitter.com/FsFU9r5okQ
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 15, 2022
Depression Confirmed: 🚨 pic.twitter.com/wl7CLuKuB2
— Wall Street Silver (@WallStreetSilv) September 16, 2022
#Market forecast has the #Fed hiking rates to 4.25% and then immediately cutting.
The cut would be because the Fed broke something economically and we are dealing with a #recession. pic.twitter.com/aLkfWuzIkT— Lance Roberts (@LanceRoberts) September 12, 2022
IMF: Intensified Downside Risks Continue To Dominate the Global Economic Outlook
Downside risks continue to dominate the global economic outlook and some countries are expected to slip into recession in 2023, but it is too early to say if there will be a widespread global recession, IMF spokesman Gerry Rice said on Thursday.
GDPNow Forecast for Q3 Plunges to 0.5 Percent on Weak Consumer Spending
We may easily see three or four quarters of negative GDP with relatively strong jobs because we never fully filled the losses from the pandemic. Expect a Long Period of Weak Growth, Whether or Not It’s Labeled Recession. Lost in the debate over whether recession has started, is the observation that it doesn’t matter much either way.