PPI just came in higher than expected. Isn't it lovely when people celebrate too early and give bears like me the gift to short at higher prices? Goldilocks and disinflation? Please.
FED will now be forced to adopt a more hawkish stance, and more rate hikes are coming.
— HOZ (@MFHoz) February 16, 2023
#Copper is saying there is more inflation to come. Yet, the market keeps easing those financial conditions. It has no one to blame but itself. pic.twitter.com/U63AEuyUDK
— Michael J. Kramer (@MichaelMOTTCM) February 16, 2023
BOJ's bonds purchases pic.twitter.com/XaFugmIaRe
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) February 16, 2023
As of last night the Chicago Fed national financial conditions index shows financial conditions as loose as they were on February 25, 2022 a year ago.
Conditions never even got to restrictive.It all peaked in October, hence the lift in risk assets across the board since. pic.twitter.com/Aqdnh4RzY6
— Sven Henrich (@NorthmanTrader) February 16, 2023