S&P: April Manufacturing
“The rate of overall growth ‘Accelerated’ for the 3rd Month running & was the ‘Sharpest’ since last September.”
$XLF #Reflation
“The rate of overall growth ‘Accelerated’ for the 3rd Month running & was the ‘Sharpest’ since last September.”
$XLF #Reflation
But 2s10s…
So let me see here…Consumer Spending + Manufacturing are Both “Sharply” “Accelerating”….. can someone explain what exactly is weak in the Real Economy? Oh right Powell jams us into Recession coz of Yesterday’s news priced in by 2s10s silly….”It will all end in tears.” Got it.
& what if CPI Comps roll over in 2H22…& the Most Crowded Commodities to the Moon Trade Unwinds on even a whiff of Inflation Deceleration?
Maybe -Ve Real Wages is Yesterday’s News?… What’s the Risk/Reward over next 12 months at +8.5% YoY?”
$XLF #Reflation #EarlyCycle
Maybe -Ve Real Wages is Yesterday’s News?… What’s the Risk/Reward over next 12 months at +8.5% YoY?”
$XLF #Reflation #EarlyCycle
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