Durable goods prices fall. Fed favored “core” PCE price index re-accelerates.
Spiking Interest payments will hopefully, knock on wood, force the drunken sailors in Washington to go through detox.
Record QT and big Rate Hikes no problem: Corporate Bond Market Distress Index drops to lowest level since before the Fed started tightening.
Year-over-year price drops in San Francisco, Seattle, Las Vegas, Phoenix, Denver, Portland, Dallas, San Diego, Los Angeles, and Tampa suddenly.
Psychological effect of the barrage of layoff news? Workers give up some of their new sense of power, keep their nose to the grindstone, quit quitting.
It’s hard to manipulate up a stock via even the best meme-stock tactics when a company sells hundreds of millions more shares into every rally.
Wolf Richter on HoweStreet.com Radio
As an extra special for VinFast, I’m keeping a beautiful slot open in my increasingly packed pantheon of Imploded Stocks.
Fretted about the re-accelerating economy flying above the “below-trend” growth required to get to 2%. “We will keep at it until the job is done.”
The new era of “higher for much longer.” The 40-year bond & mortgage bull market died in late 2020.