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Inflation remains to be too excessive (7.1%), however there are many encouraging indicators it is trending down…
Month-to-month progress slowed to simply 0.1%
Gasoline -2% in November
Utilities -1.1%
Used automobiles -2.9%
Airfare -3%
Meals 0.5% –> slowest in months
**Providers inflation with out shelter was flat** pic.twitter.com/dmfYYU6QYY— Heather Lengthy (@byHeatherLong) December 13, 2022
Core CPI during the last three months, annualized: +4.2%.
That quantity peaked at +7.9% within the April to June quarter.
— Neil Irwin (@Neil_Irwin) December 13, 2022
That is the chart it is advisable to watch from right here on out.
Items inflation is slowing.
Providers inflation is not.
The Fed has extra management over companies inflation. pic.twitter.com/qnbH9PLXQr
— Callie Cox (@callieabost) December 13, 2022
The Atlanta Fed’s Wage Development Tracker, up to date immediately, reveals pay progress for job switchers moved up final month
Hourly wage progress rose 6.4% from a yr earlier (unchanged from October) for all staff, however ticked up for job switchers—8.1% from 7.6% https://t.co/PDcoMi2iaI pic.twitter.com/stuTaCXWZc
— Nick Timiraos (@NickTimiraos) December 8, 2022
“Pessimism reigned, inflation raged, Fed tightened + buyers revalued downward. However resultant bear market was a gentle one as bears go. If it ended on Oct 12, the S&P 500 truly was in bear-market territory—down greater than 20%—for under 45 days of the 282-day span.”
— Barry Ritholtz (@ritholtz) December 5, 2022
Shopping for danger belongings on the level of the final fee hike has been worthwhile in environments with declining inflation.
Good case for a tailwind after March or so. pic.twitter.com/JHdMypZExu
— Tom Dunleavy (@dunleavy89) December 9, 2022
Amongst US inventory funds, there have been 11,517 funds which have had no less than one five-year return since 1997. These funds had 132,210 five-year measurements vs. their style-specific indexes over that span. They beat the index in 50,564 of these situations, lagged within the different 81,646.
— Jeffrey Ptak (@syouth1) December 10, 2022
Individuals by no means appear to commend oil firms when gasoline costs decline.
— John Arnold (@JohnArnoldFndtn) December 8, 2022
Yesterday’s $RH earnings name with CEO & Chairman Gary Friedman was, mildly talking, bearish. We now have on this thread curated the 16 finest quotes 🧵
1. The housing market is in a “free fall”: pic.twitter.com/js43PO9BR4
— Quartr (@Quartr_App) December 9, 2022
Housing begins fell off a cliff in November. Many residence builders in our month-to-month survey hitting the pause button till prices drop.
— Rick Palacios Jr. (@RickPalaciosJr) December 7, 2022
John Burns: “In early December, 75% of nationally surveyed residence builders confirmed they’re shopping for down patrons’ mortgage charges to make funds extra reasonably priced.”
— Invoice McBride (@calculatedrisk) December 9, 2022
Yesterday’s $RH earnings name with CEO & Chairman Gary Friedman was, mildly talking, bearish. We now have on this thread curated the 16 finest quotes 🧵
1. The housing market is in a “free fall”: pic.twitter.com/js43PO9BR4
— Quartr (@Quartr_App) December 9, 2022
This is a chart that places present bank card debt ranges in correct context.
As a % of whole salaries & wages, even at these larger nominal ranges, bank card debt is decrease than at any time within the final 20+ years (aside from plunge throughout the pandemic). pic.twitter.com/gDUj3fGswV
— Invoice (@wabuffo) December 7, 2022
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