snow walk in Mt. Charleston

Annual core PCE came lower than expected ...

with solid GDP feds are definitely not thinking of any cuts ...

so Mar is out ... do you see the irony here that .. people predict things and i refute them ...

& we run in the same cycle ...!

Feds are not going to cut rates in March ...

 lot of disappointments in economist community who have started counted as 6 cuts this year ..!

S&P made a new record in two years

tale of two worlds ...

 Chinese economy is facing disinflation while US is still seeing rise in prices.

CPI came stronger than expected...

funny that smarties have already counted for 4 to 6 cuts this year.

job well done by economists ...?

they misread the upcoming inflation in 2021; & when Feds raised the rates in 2022, economists miscalculated the odds of a recession in 2023; so much that they are not even talking anything in 2024, as they are running out of potential plots .. for the next movie ..!

mix econ data gives mix market results

NFP came strong, but losing 3p in 1W made her hungry; so she jumped; then supported by ISM-S; market rose 1.2p from the low

so funny that people have started calling the MAG7 as LAG7

 such a short love affair ... huh ..!

solid ADP & weak IJC

all economic indiactors showing a slowdown in US economy ...

confirmed by lower int rates ... can we avoid a recession or is it a soft landing ..?

For sure no one is talking about it ... but everyone did last year and market returned 20+% ... why ?

because all prognosticators were wrong ..!

2024 opens with rise in yields ...

 teenies 3.5p