Today's topics include annualizing inflation over shorter timeframes, can household savings stand up to inflation?, gas usage as a gauge of demand destruction, stock market sentiment, market uncertainty, lockdowns hit Chinese GDP, the cost of servicing debt, and defending JP Morgan's poor earnings.
Today's topics include checking in on the odds of Fed hikes after CPI, more on yesterday's CPI report, a bad start to earnings season, the labor market, estimating the cost of servicing U.S. debt, a soft landing seems increasingly unlikely, thin liquidity in 20-year Treasuries, and one of these volatility measures does not look like the others.
CPI came in higher than expectations again. Projecting where inflation will be at year-end is an impossible task, but running through several scenarios offers some perspective.
Today's topics include Fed officials focusing on headline inflation rather than core, recession & inflation, high gas prices could be here to stay, more signs of a cooling housing market, inflation is so important people are now releasing fake CPI reports, commodities' place in a portfolio, and the great resignation.
Today's topics include previewing tomorrow's CPI release, inverted yield curve, when might the Fed's tightening campaign end?, signs of a housing slowdown, a double dip recession?, natural gas production, the IEA warns energy crisis could get worse, squaring a tight labor market with recession, and dollar/euro parity.
A replay of our July 14, 2022 conference call
Wall Street analysts have been upbeat about earnings despite talk of recession and inflation squeezing margins. Will this outlook survive this coming earnings season?
Today's topics include Treasury market liquidity, when does the Fed stop hiking?, quantitative tightening, globalization's role in inflation, big box retailers' supply-demand imbalance, European gas supplies, port congestion, and crypto bearishness.