I've shared this chart a lot over the years.

When Gold is outperforming the USD, it is a bullish signal.

What is so interesting about now is the USD has been strong, yet gold has outperformed and actually made new highs.

I find that combo quite bullish. 🥇

The ECI rose on a sequential basis.

Private sector compensation growth was +1.1% in Q1 vs +0.9% in Q4

Because the Q1 '24 gain was slightly less than the Q1 '23 increase (+1.2%), the year-over-year rate of compensation growth edged down to slightly less than 4.1%

First day at work.

Despite the hooplah, core, supercore and headline PCE ruminations, the Fed's own Multivariate Core Trend Inflation fell from 2.7% to 2.5% in March.

Guarantee: you will make of it what you will!

#inflation #Fed

May is known for warmer weather, horse races, the intro to summer, and apparently green, a lot of green.

Did you know the S&P 500 was up 9 of the past 10 years in May?

MORGAN STANLEY: We expect inflation data “to reverse to downside surprises in April. .. Several data series indicate a rapid deceleration in rents. .. Financial Services inflation is linked with stock market returns, and the reversal in the $SPX in April will likely push this…

Cuteeeeee

A message from Bill Maher to the anti-Israel activists.

Once again, Bill is spot on! 🇮🇱❤️

Wage and salary growth continues to hold strong … 6-month annualized % change inched up to +5.9% in March

Historically, June, July, and August tend to be strong months in an election year.

Then again, so does April.

Leadership 👇

.Taylor Lewan slams a brew, his daughter slams a water

Girl Dad Bussin' With The Boys

$SPX has made 22 all-time highs in 2024

Only 1 other time did SPX make 22 all-time highs in a calendar year... and not make at least 2 more all-time highs thereafter, since 1929.

Odds that the highs are in for 2024 = ~5%, very low.

$SPY $QQQ $DIA $NDX

One of my favorite charts from Sonu Varghese.

Inflation might be higher than anyone wants, but disposable income and employee compensation are both still growing faster.

We've been showing this for 15 months now as a reason there wouldn't be a recession.

YARDENI: “.. retiring Baby Boomers are likely the reason that the personal saving rate is falling; they’re depressing the rate as they spend their retirement funds and no longer have earnings to save. In addition, they are spending at a record pace on labor-intensive services…

Make comedy legal again!

Real personal consumption, up and to the right.

Also above pre-COVID trends.

They might keep telling you there's a recession coming, but it wasn't true then and it isn't true now.

What did the scientist say when he found 2 isotopes of helium?

'HeHe'

'For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life' (John 3:16).

That’s the Good News with all the bad news around us. Take just a minute to listen…

Tony Perkins

1980: 'we will have flying cars in the future'