Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Joe Weisenthal Profile picture
@TheStalwart
May 12, 2021 • 8 tweets • 4 min read • Read on X
Scrolly
BOOM:

CPI comes in significantly higher than expected.

Core CPI up 3.0% from last year. That's vs expectations of 2.3%

On a month over month basis, we got a 0.9% core reading vs. 0.3% expected. That's the big one right there.

Futures falling
bloomberg.com/news/articles/…
Five year yields jumping a little bit here
Useful chart here showing the annualized pace of change in inflation right now
Full story from @readep

Inflation rises at the fastest pace since 2009 bloomberg.com/news/articles/…
@readep Incredible surge in used car prices
@readep Gold and Bitcoin both fall after the inflation print
@readep NASDAQ 100 futures down almost 1.5%
@readep This is the key thing here. Curve is flattening today. So market still sees this as transitory and not a sustained, new dynamic

• • •

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

Joe Weisenthal Profile picture
Aug 6
SIX THOUGHTS ON THE AFTERMATH OF MONDAY'S BIG PLUNGE

In today's @markets newsletter, I wrote about where things stand now.

1) At least so far, things are much calmer than yesterday. Huge rally in Japan. The US rebound is fairly feeble. Meanwhile, "good news is good news" Image
2) We know the labor market is softening. But the question remains, can the Fed still get ahead of it? Image
3) Fed pricing looks much more normal today
Image
Image
Read 7 tweets
Joe Weisenthal Profile picture
Aug 5
10 THOUGHTS ON TODAY'S BIG MARKET SELOFF

In today's 5 Things newsletter, I jotted down a bunch of random stuff about this moment in stocks, crypto, FX, and macro.

Here they are

1) It was clear instantly on Wednesday that Powell was going to be offsides this market: Image
2) To some extent, I think the way Powell was talking about "normalization" of the labor market didn't make any sense, almost regardless of what's going on with the economy right now. Image
3) Regardless of whether you think the Fed has made a mistake or not, the Fed is now clearly offsides. Remember on Wednesday Powell was still talking about the possibility of no cuts at all coming soon. Image
Read 12 tweets
Joe Weisenthal Profile picture
Aug 2
BREAKING:

BIG MISS ON UNEMPLOYMENT. UNEMPLOYMENT RISES TO 4.3%

JUST 114K NEW JOBS

Economists had expected 175K jobs and an unemployment rate of 4.1%.

bloomberg.com/news/live-blog…
S&P 500 futures now down 1.6% Image
Last two months revised downward by 29K

Average hourly earnings grow just 0.2%

U6 Underemployment rises to 7.8% from 7.4%

Average Weekly Hours falls to 34.2
Read 9 tweets
Joe Weisenthal Profile picture
Jul 1
TRANSCRIPT: The full text of me and @tracyalloway's chat with @dsquareddigest about how the world lost its mind.

The concept of Accountability Sinks is so powerful, once you start noticing them.

Here's an example that lead to the murder of 400 squirrels bloomberg.com/news/articles/…



Image
Image
Image
Image
This is also extremely interesting how as organizations become more complex, it's almost inevitable that top management will have to rely more on financial information to understand what's going on, which is partly how you get situations like Boeing


Image
Image
Image
Image
Also really intrigued by his assertion that from a perspective of "corporate short-termism" that the explosion of private sector debt (in part driven by LBOs) is a greater contributor than the stock price.


Image
Image
Image
Image
Read 4 tweets
Joe Weisenthal Profile picture
Jun 3
NEW ODD LOTS:

How Corporations Learned The Maximum Amount They Can Charge For A Product

@tracyalloway and spoke with @ddayen and @owenslindsay1, who have published a special new edition of @TheProspect entirely about the new world of pricing strategies bloomberg.com/news/articles/…
- How companies got better at tailoring prices to you individually
- Price fixing by algorithm
- How every industry got airline-ified
- The booming world of ancillary revenue, and the consultants that teach companies how to max them out
- Trading data for lower prices

++
The whole edition of the magazine is fascinating and varied. And well worth reading in full
Read 4 tweets
Joe Weisenthal Profile picture
May 30
NEW ODD LOTS:

How we got the modern electricity grid. And how nuclear got squeezed out.

@tracyalloway and I talked to @fredstaffordcs and @Matthuber78 about power market structure, and how "small is beautiful"-liberalism set back decarbonization bloomberg.com/news/articles/…
Among the things we talked about:

- The history of utilities in this country, going from public utilities to private, for-profit players.
- Market impediments to nuclear
- The left's renewable energy fetish
- Lessons from the TVA

+ more
Highly recommend reading their @damagemag piece

Or the summary of it here: damagemag.com/2024/04/01/the…
dertaskforce.com/p/guest-post-t…
Read 4 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

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(