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'Good' news on the labor market is a disaster for the 'soft landing' narrative and sent rate-hike expectations soaring above pre-Powell levels...
The bottom line is that there will be no disinflation of the currency supply. Jerome Powell may be partially correct, however, in forecasting price pressures to ease in certain areas of the economy as it softens. We are currently seeing home prices and car prices come down. We could also see downside pressure come to bear on economically sensitive commodities.
January Payrolls Explode To 517K, 8-Sigma Beat To Expectations; Unemployment Rate Tumbles To Record LowFeb 3, 2023 - 05:46:02 PST
Ahead of today's payrolls report, we warned that there is the possibility for a lot more "market whiplash" because as Goldman explicitly warned, there is the risk for an outlier strong report in January due to massive seasonal adjustments...
Fed’s Balance Sheet Drops by $532 Billion from Peak, Cumulative Loss Reaches $27 billion: February Update on QTFeb 3, 2023 - 05:44:51 PST
QT is starting to make a visible dent.
Feb 3, 2023 - 05:43:58 PST
By the end of 2023, about half of the states will have cut rates on income within three years. But some Progressive states are intent on driving away businesses and consumers.
World’s Biggest Pension Fund Posts Loss in Longest Losing Streak in Two DecadesFeb 3, 2023 - 05:33:49 PST
Japan's Government Pension Investment Fund — the world's largest — reported a fourth consecutive quarterly loss on Friday, taking it to its longest losing streak in 20 years.
US Pension Funds Are on the Brink of Implosion – And Wall Street Is Ignoring ItFeb 3, 2023 - 05:30:33 PST
It is a warning that Wall Street executives, busy skimming fees off retirement nest eggs, want you to ignore. The longer the warning goes unheeded, however, the bigger the financial time bomb may be for workers, retirees and the governments that pay them.
Oil headed for a second weekly decline as dimming optimism over a recovery in Chinese demand and rising US stockpiles offered the latest indications that the market remains soft.
Stock Buybacks Race to Record $132 Billion Start as Companies Snub All WarningsFeb 3, 2023 - 05:24:54 PST
President Joe Biden dislikes them. The taxman is coming after them. And Wall Street strategists warn the boom won’t last. Yet against all odds, Corporate America continues to splurge on its own shares — a force that has fueled the new year rally.
The US stock rally has already gone too far, and investors face brutal declines if economic growth crumbles in the second half of the year, Bank of America Corp. strategists say.
Late to the global interest-rate hiking party, the European Central Bank is trying to convince everyone that it will also be one of the last to leave.
Bullish markets are increasingly pricing in a second-half reversal of the global monetary tightening wave, making it tougher for central bankers to vanquish inflation once and for all.
Bond traders are growing ever more confident that central banks are nearing the end of their tightening cycle.
The Labor Department is set to release its monthly jobs report for January at 8:30 a.m. ET on Friday. Economists expect employers added 190,000 jobs in the month.
Stock Futures Fall Ahead of Jobs Report, After Big Tech Results DisappointFeb 3, 2023 - 05:07:52 PST
U.S. stock futures languished in morning trading Friday as earnings misses from Big Tech giants discouraged recent optimism over interest rates and as investors awaited key monthly employment data.
Do you believe your eyes? Or do you believe your ears? That’s the dilemma you face as you try to make sense of the latest Federal Reserve meeting and Jerome Powell's messaging. It’s also a question to ask yourself if you’re evaluating the performance of gold over the last year. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explores this dilemma in both contexts.
NATGAS MARKET REPORT, IS THE PRICE COLLAPSE OVER: What Is Going On In Europe & What Do The Fundamentals Say About The ...February 3, 2023
With the recent plunge in natural gas prices, investors want to know if the price collapse is over. What a change in just the last few months. In this Natgas Market Update, I discuss the changing fundamentals that caused natural gas prices to drop to the lowest levels in nearly three years...
A surge in revolving credit has not gone unnoticed by lenders. The Fed’s Senior Loan Officer Opinion Survey on bank lending practices showed banks tightening lending standards for commercial, mortgage, and credit card loans.
Ex-FDIC Chairman Warns Fed Has a Credibility Problem: They’re ‘Talking Tough, but Words Not EnoughFeb 2, 2023 - 11:42:36 PST
Former FDIC Vice Chairman Thomas Hoenig on Thurdsay discussed the January Federal Reserve meeting and rate hike. Hoenig claimed that the Federal Reserve and Jerome Powell's handling of the economy has led to a credibility problem.
President Joe Biden on Thursday said Brian Deese, who heads the White House's National Economic Council, is departing. Biden said in a statement that he's...