Since January:
1. Dec. CPI revised higher by 0.2%
2. Nov. CPI revised higher by 0.1%
3. Jan. jobs report 200% above expectations
4. Jan. PPI revised higher by 0.3%
5. Fed futures added 3 rate hikes
Meanwhile, stocks are up 8% YTD.
If this can’t break the market, what will?
— The Kobeissi Letter (@KobeissiLetter) February 16, 2023
US unemployment forecasts
no bueno.. credit cards delinquencies may increase as well pic.twitter.com/Y9v56ujBU1
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) February 16, 2023
US Rates May Be Heading Higher Than Wall Street or Fed Think … BBG
Strong jobs market & sticky inflation to push rates higher
Tighter credit raises risk of an eventual US recessionhttps://t.co/yNtoIzc4LT
— Trading Floor Audio (@TradeFloorAudio) February 16, 2023
The middle class is now forced to take on huge levels of debt just to secure a basic place to call home. The middle class is slowly slipping into the abyss of slavery, as their wages fail to keep up with inflation and they're forced to work longer hours for less pay.
END USURY!
— HOZ (@MFHoz) February 15, 2023
CBO projections announced today indicate deficit spending will be 5% GDP and growing for the foreseeable future.
It's hard to imagine a return to 2% inflation in that scenario. pic.twitter.com/WTqbvkaYsW
— Joseph Wang (@FedGuy12) February 16, 2023
$spx options volume pic.twitter.com/S4VauLaK9Q
— Álvaro Oviedo 🇺🇦 (@alvoviedo) February 16, 2023
World's largest liquidity producer is "foaming the runway" of an ultimate YCC exit. pic.twitter.com/VZL9kVtecN
— Steve Donzé (@steve_donze) February 16, 2023