This looks totally sustainable. pic.twitter.com/9KRBDVLDll
— Galactic Trader 💰⚒💰 (@Galactic_Trader) July 1, 2021
U.S. Deficit to Total $3 Trillion in Fiscal 2021: CBO
The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a Congressional Budget Office estimate Thursday that swelled 33% from the last forecast.
The combination of the Fed pivot, extreme overvaluations, declining bond yields, spread of the delta variant, and rotation back to Tech – means that the massively crowded global cyclical rally is on the verge of going bidless.t.co/utI1dvStOX pic.twitter.com/7aR8iJGbpu
— Mac10 (@SuburbanDrone) July 1, 2021
BREAKING: ISM Manufacturing PMI out. Below expectations at 60.6 vs 61.0 forecast and 61.2 prior
BIG data point was prices paid: 92.1 vs 88.0 — highest since 1979, 42 years ago
— Edward Harrison (@edwardnh) July 1, 2021
And after the cost of living has doubled we'll let prices drop 10% and tell them: "see, it was transitory" pic.twitter.com/uqmB1kDMWq
— Sven Henrich (@NorthmanTrader) July 1, 2021
most shorted index running into some resistance here pic.twitter.com/nBD3z5vNUV
— Alastair Williamson (@StockBoardAsset) July 1, 2021
If you're not watching $DXY, you should keep an eye👀on it.
— Steven Van Metre 👑 (@MetreSteven) July 1, 2021
you don't need goldman to understand it… t.co/aETTVxsPZ1
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 1, 2021
#Robinhood targets valuation of at least $40bn in IPO. Said revenues more than tripled to $959m last year, from $278m in 2019, and its explosive growth continued in the first quarter of this year. t.co/xtHNL7xDd8 pic.twitter.com/COKzGLKeqA
— Holger Zschaepitz (@Schuldensuehner) July 1, 2021
The Fed has a problem. It did a hawkish shift on June 16, but long term yields – which drive US financial conditions & thus growth – are down since then. How is the Fed supposed to tighten if financial transmission is broken? Only solution is to sound more hawkish more often… pic.twitter.com/tZMolLg1AI
— Robin Brooks (@RobinBrooksIIF) July 1, 2021
— litquidity (@litcapital) July 1, 2021
everything is so dumb pic.twitter.com/WcZkk1C5Xj
— Matt Levine (@matt_levine) July 1, 2021