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A hawkish pause today by the Fed with a signal that they may hike one more time before ending their hiking campaign.

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Top Ten countries with highest GDP per capita.

July payroll Data! Unemployment moves up to 3.8 percent. 9/01/2023.

Private employers added 177000 jobs in August much lower than the July number of 371000 and the expected August number of 200,000. The data is suggestive of US economy’s slowing growth.

US jobs Data.

This is the current inflation picture. In US Market is pricing in still 36 basis points of rate hikes by the Fed. I think may be Fed will do a 25 basis points hike tomorrow and will reiterate the data dependent narrative which can be hawkish for the market but on contrary one and done scenario can be dovish for market.

Misery index is a sum of inflation and unemployment rate. US misery index for trailing twelve months is continuously getting better.

Producer price index which measure changes in wholesale price is out today. According to data the PPI increased only 0.01% excluding food, transport services and energy prices against the expectations of 0.02% by economists surveyed.
Data Source: US Bureau of Labor Statistics

The CPI data released on 07/12:
CPI rose .02% from a month ago and 3% from a year ago. Decline in used car and airline prices helped smooth inflation. However food prices made slight gains and Shelter prices continued to made gains.

Data Source: US Bureau of Labor Statistics.

Apple hit 3 Trillion market cap on a new 52 week highs Today. Some people think Apple is a boring company that may be so but it is a cash cow and it accomplished this feat without flashing AI.

Current data on international Inflation Vs GDP. China still seem to enjoy a good GDP growth and also lowest Inflation in comparison to other regions and countries.

Most Recent Global inflation numbers.
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Finally inflation seems to peak. Will this prove to be a catalyst for market bottom?

May data suggests the housing market is cooling down further. The mortgage rate is discouraging new home buyers. Inventory is still low but the rapid cratering demand is creating a seller market.

This is the share of revenue in big tech from outside US. Therefore when dollar gets stronger these tech companies feel the burn.

Enact CEO says the net balance of buyers and sellers in the housing market will be still net positive by the year end but there is going to be a reset in buying power and affordability. And the annual appreciation in house values will drop to single digits from double digits. The new data suggest that housing permits and housing start SAAR both dropped.



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These names expect Fed to hike interest rate by 75 basis points today.

Celsius is pausing all withdrawal and swaps citing extreme market conditions. They are taking cover under a clause of their terms of use.This is why regulation is required for this asset class.

New CPI data, again hotter than expected.

Food prices on a steady rise. The inflation is red hot. Will it start slowing down soon?

CFO Survey: not one CFO thinks recession can be avoided. 🧐

Mortgage demand falls to the lowest level amid rising interest rates.

Non farm payroll report from Today. Better than expected numbers reported. Will this cause a sell off? Or a risk on attitude in market?

According to ISM Manufacturing and Services Data: The PMI number for services in May was 57.1% and PMI for Manufacturing in May was 56.1%. Both manufacturing and services are still growing. This data may give grounds for fed to stick to their aggressive policy to bring down prices.

The Volume of Russian oil on water in 2022 has increased significantly because more and more supply is heading further afield -specifically to India and China.

PCE Data this morning. Seems like inflation is slowing down.