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The Weekly Recap (12.06.23 ~ 16.06.23) 🧵

Missed out anything from a week full of #Macro & #Markets? Don't worry - we got you covered.

Below we share all the updates & opinions threads from last week. Make sure to follow @prometheusmacro for much more.

#MacroMonday #market
1. We kicked off the week with our CPI Preview, highlighting the importance of keeping an eye out for the #used cars and #shelter prints.

2. This was followed by an in-depth analysis of the #fiscal impulse. Overall, our assessment suggested that government #revenues continue to paint a picture of weak private sector conditions.

Read 9 tweets
CPI Preview vs Realized CPI

1. #CPI data came out largely in line with our expectations. Our expectations were for a print of 0.17%, while the print came in at 0.10%. Below, we show the composition of our estimates relative to the realized print: Image
2. Our pre-view note mentioned two factors we would be watching out for. First, we were looking to see whether #motor vehicle inflation remains persistent.
3. Given the industry dynamics we monitor, there was a potential for new cars to see deflation as manufacturing productions alleviate some degree of supply shortages. Nonetheless, #used car inflation likely showed significant potential to re-accelerate this month.
Read 6 tweets
#ChinaPneumonia
— Greed or Underresourced?

In #Wuhan, people are seen *recycling & collecting* USED face masks..

God bless EVERYONE 😷

#WuhanPneumonia #coronarovirus
#China #ChinaVirus #WuhanLockDown
👩🏻 taking this vdo “Don’t do that (stocking #used masks) or you must #resell them!”

👨🏽replied “we are not #selling them,” while busy hiding boxes of #masks.

👩🏻 “I’m calling the #police! I’ll call 110”

#recycling for sale? Collect for disposal? Your call.
#ChinaVirus #wuhan
#coronavirus
🦠Photos go viral in #China’s social media Weibo, showing the “creative” personal #protective equipments like face shields & #masks being #DIY by medical practitioners in Kunming 🇨🇳

Alarming to see the #shortage of medical resources.
#新型肺炎 #WuhanPneumonia ImageImageImage
Read 3 tweets

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