Posted by A dollar and a dream. The U.S. dollar is up on the better than expected July #jobs report.
With the #Fed raising rates aggressively & the #jobs market thus far resilient, #USD showing strength.
A strong U.S. dollar trend typically has large cross-asset ripple effects. @FactSet pic.twitter.com/G51WEi05qz
— Matthew Miskin, CFA (@matthew_miskin) August 5, 2022
The Fed is panic raising rates at a level of GDP growth that was considered the bottom of recession 20 years ago: pic.twitter.com/cJsRoQJSiQ
— Mac10 (@SuburbanDrone) August 6, 2022
The 5Y5Y inflation swap, 10Y breakeven upwards and shift of the front part of the yield curve following today’s job report may have killed the hope of the Fed pivot 👇 pic.twitter.com/69OJxRJ9VC
— Gianluca (@MenthorQpro) August 5, 2022
#SPX, weekly
Inverted yield curve.
It is just a matter of time… pic.twitter.com/HCkDxcKiL0
— Yuriy Matso (@yuriymatso) August 5, 2022
Goldman Sachs revises higher its 2022-23 inflation forecast on the back of rising rents and shelter costs:
GS now expects core PCE inflation to stand at 4.5% year-over-year in December 2022 (vs prior forecast of 4.2%) and 2.6% in December 2023 (vs 2.5%).
— Nick Timiraos (@NickTimiraos) August 5, 2022
The US Unemployment Rate moved down to 3.5% in July, back to pre-pandemic levels which are the lowest we've seen since 1969. 🙌 pic.twitter.com/arVjNLl6nO
— Charlie Bilello (@charliebilello) August 5, 2022
$VIX lowest since 4/20 pic.twitter.com/7htsguM0lJ
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) August 5, 2022
QT has not really even begun pic.twitter.com/ZpTUdAmaZr
— Sara Eisen (@SaraEisen) August 5, 2022
"The Downside Risk in Energy"
Energy futures are beginning to crack under pressure…$CL_F $RB_F $XLE $XOP $OIH $CRAK
Read more @allstarcharts https://t.co/dL0jH8MwlB pic.twitter.com/GyR4ViJBdM
— Ian Culley (@IanCulley) August 5, 2022
struggling with the prior cycle's highs https://t.co/PgwjOcTRgz pic.twitter.com/SCJZw5BT2F
— J.C. Parets (@allstarcharts) August 5, 2022
Shelter inflation in the US has been surprising to the upside.
Source: @MikeZaccardi
Today's issue of The Daily Shot Brief: https://t.co/L3Mn1GKbb8 pic.twitter.com/bOVn8esQor
— Lev Borodovsky (@thedailyshot) August 5, 2022
$vix of 2008 and vix of today pic.twitter.com/le8dPpR7LZ
— Michael J. Kramer (@MichaelMOTTCM) August 5, 2022