If ALL OF THE following can't get $VIX above 45, what will?
– Inflation at 9%
– Food/gas prices at all time highs
– 80%+ of tech in bear market
– Sentiment at all time low
– Raising rates 8+ times into a recession
No bear market in history has bottomed with $VIX below 45.
— The Kobeissi Letter (@KobeissiLetter) June 15, 2022
✂️✂️ CUT CUT CUT ✂️✂️ pic.twitter.com/jyt7iMLbWs
— PiQ (@PriapusIQ) June 16, 2022
Investors no longer think the Fed will come to the rescue, and they’re not buying the dips https://t.co/IbgvwAHHuQ
— Bloomberg Markets (@markets) June 16, 2022
Goldman Sachs, $GS, see the S&P500 to 3150.
Meanwhile, Morgan Stanley, $MS, see it at 3400.
— unusual_whales (@unusual_whales) June 16, 2022
Fed’s 3.4% median forecast for the year-end policy rate is 175 basis points more in tightening. Divide that how you will over next four meetings.
— Danielle DiMartino Booth (@DiMartinoBooth) June 15, 2022
"The Fed is laser focused on arresting the inflation problem and are not concerned with what's happening to the stock market," says @Jkylebass. "I think between now and November, things are going to materially worsen. When I think about where to put money today, I would wait." pic.twitter.com/fOh7IUdDeO
— Squawk Box (@SquawkCNBC) June 16, 2022
According to the recent data released by NFIB the US small business expect the worst conditions in decades (-52%) but they keep raising prices (salaries) to hire as the labor market remains extremely tight
Probably a 150bps hike was needed pic.twitter.com/nOccpTUzOB
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 16, 2022
*FORD CFO SAYS AUTO LOAN DELINQUENCIES ARE INCREASING
ht @pboockvar
— Danielle DiMartino Booth (@DiMartinoBooth) June 15, 2022
$US02Y pic.twitter.com/9PAbdRbPBT
— Vik Soien (@VSoien) June 16, 2022
Bad news: Samsung slashes output plans by 50% to lower burgeoning inventory.
They told suppliers everything was fine last month.
Chip inventories also to be cut = more auto chip supply for carmakers. Bad news for $TSLA pricing.
cc: @cafetero7878 https://t.co/wws1gXd0Y6
— Motörhead (@BradMunchen) June 16, 2022
Retail sales are not adjusted for inflation. So if prices rise 5%, even if the same amount of goods are sold, sales should be up 5%. However, besides missing expectations, they were down -0.3% vs +0.7% in Apr, even with the CPI +0.7% in May. #Recession is already here.
— David Brady (@GlobalProTrader) June 15, 2022
$SNAP: UBS CUTS TARGET PRICE TO $17 FROM $45$PINS: UBS CUTS TARGET PRICE TO $19 FROM $35$MSFT: UBS CUTS TARGET PRICE TO $330 FROM $360$META: UBS CUTS TARGET PRICE TO $215 FROM $310$GOOGL: UBS CUTS TARGET PRICE TO $2650 FROM $3600
(via @Reuters) (h/t @PriapusIQ)
— News By Nick (@Live_News_Nick) June 16, 2022
Just announced:
New Hampshire price increase is 47% for residential electricity.
The default energy service rate is DOUBLING 🤯
And still ‘they’ talk of “peak inflation”?! 🛑🤬#NotDone https://t.co/YDjyUoixxA
— Samantha LaDuc (@SamanthaLaDuc) June 16, 2022