While everyone is distracted the banks have been quietly collapsing. pic.twitter.com/LRIytm6r9g
— Financelot (@FinanceLancelot) April 17, 2022
https://twitter.com/VSoien/status/1515499219641061386
#Recession incoming… https://t.co/R3ociIU6RG
— TraderStef (@TraderStef) April 18, 2022
This is the most important chart in the world for the demand outlook…
Demand is softening even before the Fed really gets going pic.twitter.com/LvXqY3cdj0
— Andreas Steno Larsen (@AndreasSteno) April 17, 2022
Goldman: "we now assign roughly 15% odds to a recession in the next 12 months and 35% within the next 24 months"
The same Goldman which almost got 2021 year-end inflation right… but not really pic.twitter.com/Eetwte8mbT
— zerohedge (@zerohedge) April 17, 2022
https://twitter.com/WallStreetSilv/status/1515759010930122764
ooof …lower than April 2020
US NFIB Small Business & UMich Consumer Confidence Index pic.twitter.com/Ar488TzmlK
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) April 17, 2022
Earnings Face Inflation Headwind: Morgan Stanley
The positive effects from inflation on earnings growth for U.S. firms have peaked as rising costs trim their margins and price pressures caused by the Ukraine war hit consumers, according to Morgan Stanley strategists.
Mortgage Rates Reach 5% for First Time in Over a Decade
The 30-year fixed-rate mortgage sits at 5%, up from 4.72% last week, according to the mortgage-lending giant’s latest weekly Primary Mortgage Market Survey. At this time last year, the average was at 3.04%.
Consumer Spending Basket Changes In March, More on Gas, Less on Amazon
There was a big change in consumer spending patterns in March towards gas and away from other goods.