My View of the Current Macro Data:
GDP growth: Slowing
Inflation: Choppy sideways (end of disinflation regime)
Unemployment: Early stages of acceleration?
High yield OAS: Stable
US net liquidity: Sideways (since late April 2022)
Worldwide liquidity: Sideways
Manufacturing: 10 straight months of contraction
Manufacturing new orders: 12 straight months of contraction
Services: Still mildly expansionary
Real interest rates: Rising
Yield curve: Bearish steepening
Until something changes, regarding risk assets...
Near-term (days/weeks) outlook: Crabby 🦀
Mid-term (months/quarters) outlook: Bearcrab 🐻🦀
(FOR INFOTAINMENT PURPOSES ONLY.)
DrJeff / Dr. Jeff Ross
npub1k7…3c04l
2023-09-02 14:50:24
Author Public Key
npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04lPublished at
2023-09-02 14:50:24Event JSON
{
"id": "5aa3e052e009c253bf9035909b6d232000d874bb0bffbb8b2e06c48aa6ba081c",
"pubkey": "b7996c183e036df27802945b80bbdc8b0bf5971b6621a86bf3569c332117f07d",
"created_at": 1693666224,
"kind": 1,
"tags": [],
"content": "My View of the Current Macro Data:\n\nGDP growth: Slowing\n\nInflation: Choppy sideways (end of disinflation regime)\n\nUnemployment: Early stages of acceleration?\n\nHigh yield OAS: Stable\n\nUS net liquidity: Sideways (since late April 2022)\n\nWorldwide liquidity: Sideways\n\nManufacturing: 10 straight months of contraction\n\nManufacturing new orders: 12 straight months of contraction\n\nServices: Still mildly expansionary\n\nReal interest rates: Rising\n\nYield curve: Bearish steepening\n\nUntil something changes, regarding risk assets...\n\nNear-term (days/weeks) outlook: Crabby 🦀\n\nMid-term (months/quarters) outlook: Bearcrab 🐻🦀\n\n(FOR INFOTAINMENT PURPOSES ONLY.)",
"sig": "3ab311c20e04504e08ada371bb97a31b1b5b25e414a8e7587ceb62efaf4c0fe6249084bf6f0dfd362c15867c24f9eb2f90dd3ffb29862a8651ac08fe4fce7fe0"
}