damn it looks like jobless claims bottom before recessions
almost like they're a… lagging indicator. pic.twitter.com/VjX8uL0Zn3
— Hedgeye (@Hedgeye) April 7, 2022
U.S. defined benefit plans no longer in deep deficits 🎉
“The last time these pension funds had enough assets to back their liabilities in full was on the eve of the Lehman Brothers bankruptcy in 2008” 😳@johnauthers pic.twitter.com/cHiJrhdN06
— Samantha LaDuc (@SamanthaLaDuc) April 7, 2022
Despite the most unstable fundamentals since 2008, $SPX has rallied since 2020.
This is because U.S. stocks were the “least bad” option and investors needed to avoid inflation.
As interest rates have doubled, cash is increasingly valuable.$SPX may be near dangerous waters.
— The Kobeissi Letter (@KobeissiLetter) April 7, 2022
Yellen warns that war in Ukraine will have ‘enormous’ global economic impact
- Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine “will have enormous economic repercussions for the world.”
- She added that the U.S. is working with global organizations to provide aid to Ukraine and sanctions against Russia.
- Yellen also reiterated the White House’s commitment to the battle against the Covid-19 pandemic, stressing vaccine availability and readiness to address outbreaks.