It can take time to beat down inflation pic.twitter.com/7FdQWiX3Q6
— Win Smart, CFA (@WinfieldSmart) September 19, 2022
Fed Leads 500-Basis Point Global Assault on Inflation
The US Federal Reserve and a number of its global counterparts will launch a rapid-fire attack on inflation in the coming week as their commitment to bringing consumer prices under control gets ever more resolute.
Inflation Is Turning Hyper
Money supply took off during covid lockdowns. It is now about to take off again to pay everyone’s energy bills. But that is not all. Demands for currency and credit to be conjured out of thin air to pay for everything will be coming thick and fast. Expectations that energy prices, including European electricity, have peaked are naïve. Putin has yet to put the winter and spring screws on Europe and the world fully.
Financial conditions (using @GoldmanSachs index) now tightest since pandemic erupted pic.twitter.com/gDGZydEdOS
— Liz Ann Sonders (@LizAnnSonders) September 19, 2022
FOMC this week.. the FED will hike by 75 bps and will signal another 75bps hike for the next one given the recent CPI core data and tight labor market
Meantime Junk yield spread remains elevated but vol in the equities market remains complacent
Investors just want to buy TSLA pic.twitter.com/Hryqcr58ah
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 18, 2022
Annual frenquency at which least 400 S&P 500 members move in same direction 👀
Investors are moving like sheep following the sentiment pic.twitter.com/vdovqg46y4
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 18, 2022
BBG: US TREASURY 10-YEAR YIELD RISES TO 3.5%, HIGHEST SINCE 2011
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 19, 2022
more pain. 5-yr TIP trading 1.2% pic.twitter.com/wnUDYLt3s9
— Michael J. Kramer (@MichaelMOTTCM) September 19, 2022
Lots of churn for big tech as NASDAQ 100 now has 45% of its members at new 8-week lows … not highest % over past couple years, but certainly consistent with severe drawdowns pic.twitter.com/bC2WPpzEMs
— Liz Ann Sonders (@LizAnnSonders) September 19, 2022
Higher interest rates are still taking bite out of consumers’ outlooks on purchasing homes (per @UMich) … sentiment has ticked up recently but remains in recessionary territory pic.twitter.com/NgbPtWs5vV
— Liz Ann Sonders (@LizAnnSonders) September 19, 2022
Retail sales (blue) are up by 9.1% y/y, but after taking CPI into account (orange), real sales are up by just 0.9% pic.twitter.com/rwI8x4ENu7
— Liz Ann Sonders (@LizAnnSonders) September 19, 2022