Thread by @gamesblazer06

10Y3M +10bps this a.m. to 1.87%

The #ConsensusRecession
Any minute now. LOL

https://twitter.com/gamesblazer06/status/1506728764398440448

March S&P Global US Services PMI

2002:
March: 58.5
Feb: 56.5
Jan: 51.2

#GrowthAccelerating
$XLF #Reflation

The Intelligentsia tell us that the US Economy is “Slowing” it’s really weird coz it’s actually “Accelerating”

Is the 10Y3M “Steepening” by +40bps YTD missing something? @barryknapp

“US Pvt. Sector Expansion Accelerates as Demand Strengthens & Supply Issues Soften.” -Markit

“The pace of economic growth ‘Accelerated Sharply’ in March as Covid 19 containment measures were relaxed to the lowest since the Pandemic began, offsetting a drag from growing concerns about the Ukraine War. Output across both Mfg. & Services rose at a rate not seen since…

“… last June with inflows of new business ‘Surging’ at a rate not witnessed since the Strong Rebound of the Economy seen in the second quarter of last year.”

“Services led the Upturn… but Manufacturing Output growth also ‘Accelerated,’ buoyed by Rising Demand…

“…& Fewer Supply constraints. Supply bottlenecks ‘Fell to the Lowest in 14 Months.’ Capacity continues to be Stretched, however, with March seeing an ‘Unprecedented’ Build Up of Uncompleted Orders as Firms Struggle to Meet Demand”

“….Hence Job Creation Picked Up…Again… to the Highest for Nearly a Year.. as firms sought to expand to meet Rising Sales.. both at home & abroad..

Not only did Domestic Demand Improve, but New Export Orders also Rose at a Pace not seen since May.”

“With Demand Running Ahead of Supply… Selling Price inflation for Goods & Services Remain Elevated in March, though cooled slightly from Feb.”

“In terms of Outlook, Biz confidence slipped to lowest since Oct, but remained Encouragingly Resilient.”