'One point to keep in mind is that satellites don't land and maybe that is a better analogy for a modern advanced economy.' nytimes.com/2024/04/11/bus…

Doctor Copper Has A Message On Inflation mcoscillator.com/learning_cente… by Tom McClellan

'The U.S. is trying to do something unprecedented: reverse a shrinking share in a key manufacturing sector. Subsidies alone won't guarantee a sustainable industry. Fabs need customers, a supply chain and, above all, a skilled, specialized workforce.' wsj.com/tech/americas-…

Gold's weekly Relative Strength Index surpassed a reading of 77, a scenario observed in just 3% of precedents since 1973. Instances above 77 have yielded a remarkable 17% annualized return for the precious metal.

Today’s PPI report seems to be the latest counter-argument to the hard-to-kill consensus that #inflation is under control.

'Covered call ETFs have been very popular.' thedailyshot.com/2024/04/11/the… via (((The Daily Shot)))

'WIll decreased cash balances become a drag on share buybacks?' thedailyshot.com/2024/04/11/the… via (((The Daily Shot)))

'Momentum had the strongest start of the year ever and best quarter ever.' dailychartbook.com/p/daily-chartb… via Daily Chartbook

'CFTC net equity future positioning has risen to a new all-time high led by S&P 500 futures.' dailychartbook.com/p/daily-chartb… via Daily Chartbook

'Almost 3.5% of credit card balances were at least 30 days past due as of the end of December. That's the highest figure in the data series going back to 2012, and up by about 30 basis points from the previous quarter.' bloomberg.com/news/articles/…

CPI core services ex-housing (“supercore”) rose by 0.65% month/month in March … faster than prior month and among larger gains seen in post-pandemic period

'So far, this year is not transpiring the way that the Fed — or interest rate markets — have described. I think it is clear the Fed is off-track now. The question is how far off track.' ft.com/content/680c17…

'As offices sit empty, shops and restaurants close and abandoned buildings become voids that suck the life out of the streets around them. Locals often find boarded-up buildings depressing and empty sidewalks scary. So even fewer people commute downtown.' wsj.com/real-estate/co…

'Surging interest in artificial intelligence stocks has triggered an unprecedented investment boom in Taiwan. With some people even taking out reverse mortgages to buy ETFs, Taiwanese officials are expressing concern about the rapid growth.' bloomberg.com/news/articles/…

'3 years ago, with retail investor confidence soaring, the crowd pick was meme stocks. Gamification was in the air. But it has been pushed aside for what might better be called 'gamblification.'  For today's crowd, everything is a far more leveraged bet.' linkedin.com/pulse/gamblifi…

''The Chinese defense industrial base is increasingly on a wartime footing.' If that isn't a clear enough warning, I don't know what is. Even as the US ignores its inability to build ships and missiles, China is shoring up weaknesses in fuel and finance.' noahpinion.blog/p/americans-ar…

'Even after a record $200 billion dealmaking frenzy last year, US oil and gas producers haven't consolidated nearly enough. There are still too many companies wooing a limited pool of available capital.' bloomberg.com/opinion/articl… by Javier Blas

'No government is more profligate than America's. This year the world's largest economy is projected to run a budget deficit (where spending exceeds taxation) of more than 7% of gdp—a level unheard of outside recession and wartime.' economist.com/finance-and-ec…

'In the same way the post-GFC decade got financiers used to rock-bottom rates and rising asset prices, it also provided a wholly anomalous interlude in which people got used to the notion that food and fuel costs don't go up. Then they went ballistic.' bloomberg.com/opinion/articl…

'You have to take seriously the possibility that the next rate move will be upwards rather than downwards. A rate cut in June would be a dangerous and egregious error comparable to the errors the Fed was making in the summer of 2021.' -Lawrence H. Summers bloomberg.com/news/articles/…