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Wolf Street

Tag Archive for Chapter 11

The credit cycle begins to unravel.

“Up over 25% from one year ago.”

Fundamentals for markets have boiled down to QE or QT since 2009. Now there’s QT, a lot of QT, globally, to battle the worst inflation in decades.

Income from all sources minus government transfer payments outruns inflation again.

Fed’s favored inflation measures get a big upward revision going back across this bout of inflation.

Massively inflated during the pandemic, corporate profits are still not normalizing, and bode well for future investments and economic growth.

QE giveth, QT taketh away. The two sucker rallies this year of the S&P 500 Equal Weight Index got wiped out.