All the numbers a little warmer than expected

CPI ex-food and energy rises 0.3% from last month vs. the 0.2% expected.

On a year over year basis, core is up 1.6% from last year vs. 1.5% expected.

And on a headline basis it's 2.6% vs. 2.5% expected.

bloomberg.com/news/articles/…
Basically no impact on markets. Stock futures actually up a little bit post data.
No real change to 5 year yields
"The shelter
index also rose 0.3 percent in March, with the index for owners’ equivalent rent and the index for rent both increasing 0.2 percent." bls.gov/news.release/c…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Joe Weisenthal

Joe Weisenthal Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TheStalwart

12 Apr
THE 'EASY MONEY' BITCOIN TRADE THAT WALL STREET IS STARTING TO NOTICE

In today's @markets newsletter, I wrote about the extreme contango in the Bitcoin futures market, and the theoretical yield opportunity that this presents

Sign up here: bloomberg.com/account/newsle… ImageImageImageImage
@markets Here's @mattleising piece from late March on @BlockFi, and the connection between the Bitcoin futures basis trade, and the fat returns they're offering to depositors bloomberg.com/news/articles/…
Read 7 tweets
13 Mar
Interested in learning more about fiat currency? DMs are open
DMs blowing up
Read 17 tweets
11 Mar
Bidding on The Beeple is at $25 million onlineonly.christies.com/s/beeple-first… HT: @zackseward
@zackseward $25 million is a good price for it IMO.

$2.5 million would have been overpriced.
Read 4 tweets
10 Mar
Wow! What a chart Never seen anything like this intraday

*GAMESTOP PLUNGES, ERASING NEARLY ALL ITS GAIN; SHARES HALTED

bloomberg.com/news/articles/… Image
Turns out the market was priced efficiently this morning, but it got a little bit ahead of itself
Now down 12%! Image
Read 4 tweets
5 Mar
BOOOOOM

379K jobs created in February. Well ahead of 200K estimated.

Unemployment rate falls to 6.2%.

Last month revised higher from 49K to 166K

bloomberg.com/news/live-blog…
Five year rates jump after the strong number

Stock futures slip, but not that much
Other stats from the report

LFPR steady at 61.4%
U6 steady at 11.1%
Average Hourly Earnings (YOY) grow 5.3% (all kinds of composition effects in that still)
Read 6 tweets
5 Mar
YOU'RE FINALLY GETTING THE STOCK MARKET YOU'VE BEEN ASKING FOR

In today's @markets newsletter, I wrote about how we finally have the right conditions such that the Fed just doesn't need to worry so much about volatility and selloffs.

Sub' here: bloomberg.com/account/newsle…
@markets Fiscal stimulus and deleveraging of private sector balance sheets means there isn't much of a transmission between asset prices and real economic activity. We might already be seeing a Fed that cares less about the market than it previously had been.
@markets As I said back in July, Fiscal expansion is the off ramp from the existing cycle. And it looks like that might be playing out.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!