Today's topics include more on yesterday's inflation release, threatening a government shutdown, the stagflation play, wages & savings by income groups, Trump's desire for lower crude oil prices, the case against the Mar-a-Lago accord, buy the dip?, Michelle Bowman getting a promotion, and a look back at BTFP borrowing after silicon valley bank failed
Month-over-month inflation came in lower than expected for the first time since July 2024. With other macroeconomic issues dominating headlines, this did not alter traders' opinions about future rate cuts much.
In the latest installment of Talking Data, Jim discusses the recent selloff in risk assets.
Today's topics include short-term volatility, how is the U.S. consumer looking?, searching markets for recession signals, El-Erian opines on market shift, corporate spreads to widen from historically tight levels, job openings increased but the labor market is strong, how much can we talk about uncertainty?, what is working & not working in the market selloff?, higher rates in Japan, and bleak air travel demand
Today's topics include previewing tomorrow's CPI report, quantifying the stock market's carnage, is the fast money done selling?, buy the dip after stocks fall below 200-day moving average?, Trump willing to sacrifice soft landing for other goals, a tale of two inflation expectations, recession talk, and credit spreads take note of risk-off swing
Trump's unconventional policies have scared investors to the point that sentiment is at levels associated with major bear market lows even though prices are just 5% off the all-time high set two weeks ago. Is a market bottom near?
The Commitment of Traders report gauges positioning changes among different types of market participants.
Today's topics include the Atlanta Fed comments on GDPNow's plummet, the administration continues to signal it is ok with short-term pain, where is neutral?, El-Erian calls for fed to review 2% inflation target, opposing inflation expectations, clearing the path for German spending, the wealth effect & consumer spending, dividend stocks, and Wall Street forecasts are a lagging indicator