Market Performance (YTD)
12 Days in a row.
Just four other occurrences since WWII. pic.twitter.com/zP3vFO6kET
— Bespoke (@bespokeinvest) July 25, 2023
“.. The Citigroup Economic Surprise Index — a widely followed indicator that provides a quick-and-dirty snapshot of how the economy is faring against expectations — just hit its highest level in the last two years.”@axios https://t.co/MCilc6AQLg pic.twitter.com/ezcncJ33AF
— Carl Quintanilla (@carlquintanilla) July 19, 2023
top down analysts see the S&P falling to about ~4,100 by year end https://t.co/GOYuSI0FI1
— Sam Ro 📈 (@SamRo) July 19, 2023
U.S. leading economic indicators for June -0.70% M/M & -7.82% Y/Y. @Conferenceboard "We forecast that the US economy is likely to be in recession from Q3 2023 to Q1 2024."
— Matthew Miskin, CFA (@matthew_miskin) July 20, 2023
Stocks (blue) seem to be pricing in significant rebound in Leading Economic Index (orange) from @Conferenceboard as gap has grown to be incredibly wide
[Past performance is no guarantee of future results] pic.twitter.com/agXTDjRMCJ
— Liz Ann Sonders (@LizAnnSonders) July 24, 2023
Initial jobless claims came in below expectations, falling to 228k last week, the smallest number of claims since mid-May. pic.twitter.com/NQqdnBuBcs
— Kathy Jones (@KathyJones) July 20, 2023
Loan growth is slowing rapidly at both large and small banks, Apollo's Slok notes. He expects loan books to keep shrinking. pic.twitter.com/cRAvO0VvlT
— Lisa Abramowicz (@lisaabramowicz1) July 19, 2023
The S&P 500 has crossed above the 76.4% retracement of its peak-to-trough decline. After all declines of 20%+ (bear markets) since 1929, the retracement proved the start of a new uptrend. No retests of former lows. Gains post the 76% retrace were stronger than average – see below pic.twitter.com/fUqvD0AfVi
— Gina Martin Adams (@GinaMartinAdams) July 21, 2023
LEVERAGED LOAN DEFAULTS pic.twitter.com/28JN8ymvwI
— Win Smart, CFA (@WinfieldSmart) July 24, 2023
Consumer confidence just hit its highest level in two years
The mood is getting better — not something you typically see right before a recession😎 pic.twitter.com/Au4Cvh4BuY
— Callie Cox (@callieabost) July 25, 2023
— Seth Golden (@SethCL) July 24, 2023
The Housing Market Index looks like a pretty good summation of where residential real estate is.
Not remotely close to 2008 bad, but also not booming either. Just sort of muddling along. pic.twitter.com/S2zM7hkXaU
— Cullen Roche (@cullenroche) July 20, 2023
Since the pandemic:
– Prices have gone up 17%
– Wages have gone up 24% for the bottom 10% of earners, but just 15% for those at the median
— Julia Pollak (@juliaonjobs) July 20, 2023
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