November 30, 2022

Market Performance (YTD)

Source: YCharts
Disclaimer: Past performance is no guarantee of future performance

Credit card debt is near pre-pandemic levels and this is the latest worry.

What they don't tell you is consumers are using only 21% of their total credit, well beneath the 24% avg pre-pandemic.

Also, household debt payments relative to income is near historically low levels. pic.twitter.com/2vR3ImaiYF

— Ryan Detrick, CMT (@RyanDetrick) November 23, 2022

Sizeable uptick in #joblessclaims. Estimate was for 225k https://t.co/cZRjW6gBgX

— Carl Quintanilla (@carlquintanilla) November 23, 2022

Jobless claims and continuing claims are low, but the 3m % rate of change may be trying to tell us something. >10% has called every past recession. pic.twitter.com/dvEvxUrWHM

— Michael Lebowitz, CFA (@michaellebowitz) November 23, 2022

In the US the share of CPI components that are in low-inflation territory is sharply increasing. Not so in the Eurozone.
h/t @SoberLook https://t.co/qhL1NG3B1J pic.twitter.com/2QByiXgARl

— Adam Tooze (@adam_tooze) November 22, 2022

The 3-Month Treasury bill yield is now 0.73% higher than the 10-Year Treasury bond.

In the last 60 years, only periods with a more inverted yield curve…
-2000-01 (recession in 2001)
-1979-82 (recessions in 1980, 1981-82)
-1973-74 (recession in 1973-75)

Charting via @ycharts pic.twitter.com/ZFTG9IDyP7

— Charlie Bilello (@charliebilello) November 28, 2022

S&P CoreLogic Home Prices YoY%: {ECAN<GO>} pic.twitter.com/AHb0VI853z

— Michael McDonough (@M_McDonough) November 29, 2022

S&P CoreLogic Home Prices MoM% Table: {ECAN<GO>} pic.twitter.com/R4KnPP9HAS

— Michael McDonough (@M_McDonough) November 29, 2022

Recession Watch:
More than 80% of the yield curve is inverted. pic.twitter.com/NtyOyIgC8o

— Jeffrey Kleintop (@JeffreyKleintop) November 29, 2022

$3 billion pulled from $LQD — biggest outflow ever pic.twitter.com/870VFQYHI1

— Katie Greifeld (@kgreifeld) November 29, 2022

We're in the second biggest home price correction of the post-WW II era. pic.twitter.com/XHnPpEaw52

— Lance Lambert (@NewsLambert) November 29, 2022

Disclosure

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