Anyone else noticed that the infrastructure talks always pop up when the market is ready to go down?
Biden is helping Wall Street making more money. It is not about the American people.
— HOZ (@MFHoz) May 27, 2021
US Government spending. We have a couple of inches before the chart runs out. 👇 pic.twitter.com/girzycAjOH
— Gianluca (@Theimmigrant84) May 27, 2021
Americans have 2 political choices:
Vote for a party that runs trillion dollar deficits
or
Vote for a party that runs trillion dollar deficits.— Sven Henrich (@NorthmanTrader) May 27, 2021
*YELLEN SEES HIGH RATES OF INFLATION THROUGH END OF YEAR
*YELLEN: INFLATION SEEN RECENTLY IS TEMPORARY, NOT ENDEMICRemember when the Fed's "unconventional monetary policy" was also "temporary"
— zerohedge (@zerohedge) May 27, 2021
We need more stimulus. pic.twitter.com/qF3Lew3OgJ
— Sven Henrich (@NorthmanTrader) May 27, 2021
At least there are signs of inflation cooling. pic.twitter.com/5ryHysKSQE
— Sven Henrich (@NorthmanTrader) May 27, 2021
Today my Uber ride from Midtown to JFK cost me as much as my flight from JFK to SFO…. pic.twitter.com/Fa3RjUOZ00
— sunny madra (@sundeep) May 26, 2021
US Inflation Surprises Are The Highest On Record
However as DB’s equity strategist Parag Thatte points out in his latest positioning piece, “US inflation data surprises are at their highest in the 20-year history of the series with the last 10 data points almost ‘off the chart’.”
A Friend Asks “Is the Fed Trying to Destroy the US Dollar?”
Bottom Line: Got gold?
The Fed Misses the Biggest Threat to Financial Stability: The Federal Reserve
In assessing financial stability risks, the Fed should look into a mirror.
Q1 GDP Stuck At 6.4% After Revision As Core PCE Comes In Hotter Than Expected
While few will care what Q1 GDP did in the last quarter according to the BEA’s 2nd estimate of US economic output (when we already knew it came in superhot thanks to Biden’s trillions in stimmies) some were curious what the Fed’s preferred inflation metric, the core PCE would say, after the recent near-record prints in that “other” inflation dataset, the CPI.