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On the one hand I perceive that they wish to make sure this is not the Nineteen Seventies.
However, I do not assume that is similar to the 70s and that they are now creating much more draw back financial threat than they assume…..
— Cullen Roche (@cullenroche) September 21, 2022
Federal Reserve Chairman Jerome Powell on the influence of the Fed’s aggressive tempo of fee hikes: “Nobody is aware of whether or not this course of will result in a recession or in that case, how vital that recession could be.”
— Brian Cheung (@bcheungz) September 21, 2022
Tempo of fee hikes. #FedDay pic.twitter.com/kquHBtygvk
— Kathy Jones (@KathyJones) September 21, 2022
Jeremy Siegel of the Wharton Faculty ripping aside Powell and the Fed…
“They Know Nothing” 2.0 pic.twitter.com/6F1NDHVh55
— Stephen Geiger (@Stephen_Geiger) September 23, 2022
Enjoyable reality… for the Fed to make housing “extra reasonably priced” at 7.0% vs 2.5%, dwelling costs would want to drop greater than 40%. https://t.co/DO5r519cqE
— Jake (@EconomPic) September 26, 2022
So it’s enjoyable that we are able to now say one thing that’s by no means occurred earlier than goes to occur.
Both:
-We get inflation down from elevated ranges and not using a recession
-A 50%+ retracement of a serious bear market selloff goes on to make new lowsSo it’s important to resolve which it’s.
— Conor Sen (@conorsen) August 12, 2022
Not chucking up the sponge: It’s shocking how little capitulation there was out there. Sure, the sentiment surveys are all unfavourable, however precise flows haven’t been. This appears in step with the dearth of volatility out there (as illustrated by the muted VIX). pic.twitter.com/HYU9dsADTX
— Jurrien Timmer (@TimmerFidelity) September 22, 2022
4/6
Summing up, the worldwide bond market has misplaced over one-fifth of its worth this 12 months.
Earlier than 2022 such a transfer was considered unattainable.
Observe that this index is priced in {dollars}, and with 53% of this index is foreign-denominated bonds, the robust greenback is killing it. pic.twitter.com/ZazJPUh7XH
— Jim Bianco biancoresearch.eth (@biancoresearch) September 27, 2022
Widespread losses amongst goal date funds YTD. Avg fund in 2030 goal 12 months and up is in a bear market. pic.twitter.com/CFypA0ps32
— Jeffrey Ptak (@syouth1) September 24, 2022
1) Nice Charlie McElligott observe this AM.
Cleveland Fed Nowcast CPI energy by means of 9/13 is most satirically a catalyst for additional USD energy.
“The whole lot else is an rising market” as we successfully export our inflation drawback to resolve it.
A MS chart on the subject: pic.twitter.com/sEDJRXjJqM
— Gavin Baker (@GavinSBaker) September 26, 2022
INFLATION INDICATOR: Chipotle’s Garlic Guajillo Steak burrito is $19 pre-guac, tax, and supply charges/tip in NYC pic.twitter.com/NrL6gFk5KZ
— Exec Sum (@exec_sum) September 21, 2022
The 30-year mounted fee mortgage jumped to six.25% final week, in line with the Mortgage Bankers Affiliation. That’s the very best stage since October 2008.
Purposes for buy loans are down 30% 12 months over 12 months
— Nick Timiraos (@NickTimiraos) September 21, 2022
6.7% mortgage charges + these frothy dwelling costs are lots like 13% mortgage charges within the early 80s. https://t.co/Vc0xBWKuoy
— Lance Lambert (@NewsLambert) September 24, 2022
The typical 30-year mounted mortgage fee strikes as much as 6.87%.
That is getting fairly near a 1981-level mortgage fee shock. pic.twitter.com/lDtNkgnRJg
— Lance Lambert (@NewsLambert) September 26, 2022
Watch in actual time as dwelling patrons react to the newest spike in mortgage charges!
Out there stock of unsold single household houses rose this week to 557,000
Value cuts seeming to speed up too
That is the @AltosResearch actual property market vid for the week 🧵📽️👇 pic.twitter.com/2jyiLzYL6J
— Mike Simonsen 🐉 (@mikesimonsen) September 26, 2022
AAII bears >60% for less than the fifth time in historical past.
One of many worst years ever for a 60/40 portfolio will try this, however observe the avg return a 12 months later for the S&P 500 was greater than 33%.
“When everyone seems to be alike, then any person is not considering.” Basic Patton pic.twitter.com/gGzwr3InNx
— Ryan Detrick, CMT (@RyanDetrick) September 22, 2022
Inside memo: Amazon noticed the “greatest three hours for US Prime signups ever” in its first unique stream of Thursday Evening Soccer (@taylor_soper / GeekWire)https://t.co/vrqo1cry5bhttps://t.co/StS8L6VXXc
— Techmeme (@Techmeme) September 20, 2022
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