It feels like companies — at least big consumer focused ones — are reaching the limit of what they can do in terms of raising prices.

It feels like companies — at least big consumer focused ones — are reaching the limit of what they can do in terms of raising prices. t.co/2eREVrwItP pic.twitter.com/OOZC5IqDLO

— Joe Weisenthal (@TheStalwart) May 18, 2022

Here's retail sales adjusted for inflation: pic.twitter.com/VtD26YY6xe

— Mac10 (@SuburbanDrone) May 17, 2022

Even the cleanest inflation measure – 2-year core HICP at annual rate – has risen above 2% for the first time in nearly two decades. pic.twitter.com/7EVX3kMMQt

— Frederik Ducrozet (@fwred) May 18, 2022

Walmart received a big beating after reporting yesterday

First cracks in the otherwise stable staples? pic.twitter.com/pVLN9HpWa5

— AndreasStenoLarsen (@AndreasSteno) May 18, 2022

US Mortgage Applications dropped once again, with the MBA Purchase Index slumping to its weakest in over 2 years

In 2021, 87% (!) of home buyers financed their home with a mortgage

Given the increased prices, higher rates & lower real wage they are understandably scaling back pic.twitter.com/NQGN0S1PWp

— Alf (@MacroAlf) May 18, 2022

from BofA Fund Managers Survey. Profit expectations pic.twitter.com/y0moSRM7hk

— Thomas Thornton (@TommyThornton) May 18, 2022

$RUT has begun W3.

Will likely be the fastest decline so far. t.co/g5De8AQ4yI pic.twitter.com/WitTJlAI3M

— HOZ (@MFHoz) May 18, 2022

*YELLEN: RELEASES FROM SPR HELPING TO STABILIZE GASOLINE PRICES

"stabilizing" at new record highs every single day

— zerohedge (@zerohedge) May 18, 2022