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
— Alessio (@AlessioTMAD) 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
https://twitter.com/MFHoz/status/1625916612892033038
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 (@josephwang) 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