Powell Needs You to Lose Your Job

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On the one hand I perceive that they wish to be sure this is not the Nineteen Seventies.

However, I do not suppose that is similar to the 70s and that they are now creating much more draw back financial threat than they suppose…..

— Cullen Roche (@cullenroche) September 21, 2022

Federal Reserve Chairman Jerome Powell on the influence of the Fed’s aggressive tempo of price hikes: “Nobody is aware of whether or not this course of will result in a recession or in that case, how vital that recession can be.”

— Brian Cheung (@bcheungz) September 21, 2022

So it’s enjoyable that we will 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 lows

So you need to determine which it’s.

— Conor Sen (@conorsen) August 12, 2022

Not dropping out: It’s stunning how little capitulation there was available in the market. Sure, the sentiment surveys are all destructive, however precise flows haven’t been. This appears in line with the shortage of volatility available in the market (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.

Word 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

1) Nice Charlie McElligott notice this AM.

Cleveland Fed Nowcast CPI power via 9/13 is most mockingly a catalyst for additional USD power.

“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

The 30-year mounted price mortgage jumped to six.25% final week, in keeping with the Mortgage Bankers Affiliation. That’s the very best degree since October 2008.

Purposes for buy loans are down 30% 12 months over 12 months

— Nick Timiraos (@NickTimiraos) September 21, 2022

Watch in actual time as residence consumers react to the newest spike in mortgage charges!

Out there stock of unsold single household houses rose this week to 557,000

Worth 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 do this, however notice 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.” Normal Patton pic.twitter.com/gGzwr3InNx

— Ryan Detrick, CMT (@RyanDetrick) September 22, 2022

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