This was the fastest and biggest bear market rally since January 2022.
Maximum overbought
The market is ready for a big rug pull. $ES$SPX pic.twitter.com/9Cqe6uzmu2
— HOZ (@MFHoz) July 30, 2022
Crash imminent …#JimCramer pic.twitter.com/VOlMGfCS5l
— Wall Street Silver (@WallStreetSilv) July 30, 2022
Truflation, a FinTech delivering accurate, real-time inflation figures, has launched its UK index showing CPIH inflation running at 13.8%.
This is 68.3% higher than the official figure of 8.2% pic.twitter.com/GNSki3rftk
— Wall Street Silver (@WallStreetSilv) July 30, 2022
"Analytically indefensible" and "inexplicable" is how former Treasury Secretary @LHSummers describes #Fed Chair Powell's unscripted remark on the neutral rate
I suspect most economists were very puzzled by Powell's remark, including me (this from Wednesdayt.co/SE6kcgfmMg pic.twitter.com/5GMqYyr9Je— Mohamed A. El-Erian (@elerianm) July 29, 2022
Restating our views… this is why we have been bearish #stocks, now bullish #bonds and predicting #recession. HUGE Global #liquidity squeeze, which still working thru' (the small pick-up shows it continues to fall at 10% annualized rate)… But #Fed pivot will come by early '23 pic.twitter.com/GT9rjcYfMF
— CrossBorder Capital (@crossbordercap) July 30, 2022
Got recession? pic.twitter.com/tiZUdKBfNk
— Mac10 (@SuburbanDrone) July 29, 2022
The $nvda of today vs. $csco of 2000 series continues pic.twitter.com/HtNyQvgD5M
— Michael J. Kramer (@MichaelMOTTCM) July 30, 2022
Bad earnings t.co/M7a5sSGZ10
— CrossBorder Capital (@crossbordercap) July 30, 2022
In Apr '08 we had a bounce off trend before further declines. 21 to 24.
The problem with this time-frame is that oil was still climbing. Crude is currently showing a similar pattern to Aug '08.
So it's a split. VIX similar to Apr & crude to Aug. Can't explain this divergence. pic.twitter.com/xwA7xtVWYa
— Financelot (@FinanceLancelot) July 30, 2022
Inflation linked bonds rebounded strongly.. they say inflation is not anchored pic.twitter.com/rne4e8pYjv
— π °π »π ΄πππ Έπ Ύ (@AlessioUrban) July 29, 2022
Spending is up, wages up, prices up
(Nominal)
Where's pivot?
— π °π »π ΄πππ Έπ Ύ (@AlessioUrban) July 29, 2022
Will the Fed Bring Back That 70’s Show? Stay Tuned
Those who donβt learn from the past, as the old adage goes, are doomed to repeat it. Even in the realm of something as seemingly abstract and technical as economic policy, this saying holds true. Prices are soaring in all areas of consumption, from the grocery store aisle to the pump, with the United States experiencing its highest rate of inflation since 1981. Yet this, in turn, brings up…