In theory, I agree.The pandemic changed a lot of things because of the deficit spending, but at some point, "macroeconomic theory, logic and rules" will take over again.
Ron Insana: A key market indicator is flashing a warning signal about the economy
8:30 AM | USD | Producer Price Index (MoM)(Apr) TRADE NOW | 0.5% | 1.03 | 0.3% | -0.1% | ||||
8:30 AM | USD | Producer Price Index (YoY)(Apr) | 2.2% | 0.00 | 2.2% | 1.8% | ||||
8:30 AM | USD | Producer Price Index ex Food & Energy (MoM)(Apr) TRADE NOW | 0.5% | 1.35 | 0.2% | -0.1% | ||||
8:30 AM | USD | Producer Price Index ex Food & Energy (YoY)(Apr) | 2.4% | 0.00 | 2.4% | 2.4% |
8:30 AM | USD | Consumer Price Index (MoM)(Apr) TRADE NOW | 0.3% | -2.04 | 0.4% | 0.4% | ||||
8:30 AM | USD | Consumer Price Index (YoY)(Apr) | 3.4% | 0.00 | 3.4% | 3.5% | ||||
8:30 AM | USD | Consumer Price Index Core s.a(Apr) | 317.62 | - | - | 316.69 | ||||
8:30 AM | USD | Consumer Price Index ex Food & Energy (MoM)(Apr) | 0.3% | 0.00 | 0.3% | 0.4% | ||||
8:30 AM | USD | Consumer Price Index ex Food & Energy (YoY)(Apr) | 3.6% | 0.00 | 3.6% | 3.8% | ||||
8:30 AM | USD | Consumer Price Index n.s.a (MoM)(Apr) TRADE NOW | 313.548 | -1.37 | 313.76 | 312.332 | ||||
8:30 AM | USD | NY Empire State Manufacturing Index(May) TRADE NOW | -15.6 | -0.34 | -10 | -14.3 | ||||
8:30 AM | USD | Retail Sales (MoM)(Apr) TRADE NOW | 0% | -0.95 | 0.4% | 0.6% | ||||
8:30 AM | USD | Retail Sales Control Group(Apr) | -0.3% | - | - | 1% | ||||
8:30 AM | USD | Retail Sales ex Autos (MoM)(Apr) | 0.2% | 0.00 | 0.2% | 0.9% |
Mkt. Is pricing in 3 rate cutsToday is off the chain.
They will be disappointed.Mkt. Is pricing in 3 rate cuts
8:30 AM | USD | Initial Jobless Claims(May 10) TRADE NOW | 222K | 0.19 | 220K | 232K | ||||
8:30 AM | USD | Initial Jobless Claims 4-week average(May 10) | 217.75K | - | - | 215.25K |
8:30 AM | USD | Continuing Jobless Claims(May 3) TRADE NOW | 1.794M | 0.41 | 1.78M | 1.781M |
I do like my 5% savings account...
8:30 AM USD Initial Jobless Claims(May 10) TRADE NOW 222K 0.19 220K 232K 8:30 AM USD Initial Jobless Claims 4-week average(May 10) 217.75K - - 215.25K Import prices up
8:30 AM USD Continuing Jobless Claims(May 3) TRADE NOW 1.794M 0.41 1.78M 1.781M
Export prices up
Jobless claims are close to expectations…up slightly
Housing starts down…lower those interest rates guys
In Martin county it’s like they can’t build homes fast enough and majority seem to be starting in the 7-800s.. but i agree if rates come down housing prices will keep rising but who can afford them without risking everything besides corporationsWith the government spending as if we are in a recession/depression, I can't see inflation cooling much. Thus, we are just waiting for something bad to happen before the FED can lower rates.
Housing starts down is a bad sign for future inflation. We need starts up or housing inflation will continue higher for many years.
And for a county that was very conservative about growth prior to 2008, they sure do have an affinity for multi-family housing developments lately.In Martin county it’s like they can’t build homes fast enough and majority seem to be starting in the 7-800s.. but i agree if rates come down housing prices will keep rising but who can afford them without risking everything besides corporations
Yeah I can go down this hole and who got paid to start expanding but I need a drink first.. psl is a ****show of housing as far as the eye can see and Stuart is starting to build rapidly. With the expansion out west off Kanner hwy it’s gonna be over populated quick and the roads aren’t ready for it.And for a county that was very conservative about growth prior to 2008, they sure do have an affinity for multi-family housing developments lately.