November 7, 2023
Here's a look at current yields across the Treasury curve compared to the peak closing yield seen for each bond/bill during the current tightening cycle. Yields have come down quite a bit, but we're still mostly inverted. pic.twitter.com/xFI3xrRpZI
— Bespoke (@bespokeinvest) November 24, 2023
The Conference Board marks a recession trigger when the growth rate of the LEI falls below -4.5%.
The growth rate in October fell to -7.3% which marked the 13th consecutive month when the LEI carried this recession trigger.
(2/2) pic.twitter.com/e0M6u0bc6d
— Eric Basmajian (@EPBResearch) November 20, 2023
There is a disconnect between bankruptcy filings and credit spreads.
via Apollo Sløk pic.twitter.com/SuCcITbdnm
— Daily Chartbook (@dailychartbook) November 27, 2023
When you account for the size of the market (total number of households), existing-home sales are the lowest in over 3 decades. pic.twitter.com/3lvivaPKhb
— Odeta Kushi (@odetakushi) November 21, 2023
September S&P CoreLogic CS 20-City Home Price Index (blue) +3.92% y/y vs. +3.9% est. & +2.14% in prior month; National Home Price Index (orange) +3.93% vs. +2.54% prior pic.twitter.com/hSp3G0ahPX
— Liz Ann Sonders (@LizAnnSonders) November 28, 2023
'Residential investment as a share of GDP is very low, contributing to tight inventories.' https://t.co/OYZcI4tfef via @SoberLook pic.twitter.com/8BrUtxbcKo
— Jesse Felder (@jessefelder) November 20, 2023
Yesterday was the busiest day ever at airports in the US, with the @TSA reporting 2,884,783 people screened. It was also an incredibly smooth day of travel with fewer than one-half of one percent of 51,332 scheduled flights canceled. pic.twitter.com/6ZUVmaHyDR
— Flightradar24 (@flightradar24) November 27, 2023
Weird year. The market cap S&P 500 is trouncing equal weight by the biggest margin ever at +15%. Next biggest margin was 5.6%. pic.twitter.com/xRPPBqwcsd
— Cullen Roche (@cullenroche) November 20, 2023
Today's Fed meeting minutes hit home how close the Fed is to the end of this high-rate saga.
In other words, 5% rates on cash probably won't stick around forever.
And usually when rates peak in a cycle, it's better to buy stocks than stash your cash pic.twitter.com/4VisQDY77W
— Callie Cox (@callieabost) November 21, 2023
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