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The Deflating “Inflation Narrative” Stock Market (and Sentiment Results)…
Published: Friday, 27 May 2022 20:00 | 
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| *Bond Shorts were crowded and it would reverse.
*Inflation expectations would get better.
*Food/Commodity prices would start to come down.
*The Fed would begin laying groundwork for a “dovish pivot.”
*USD would start to weaken. This will help earnings in 2H.
A Disinflationary Whiff and Its Likely Path
Published: Friday, 27 May 2022 20:00 | |
| Bottom line is that sentiment indicates a relief rally amid broken technicals (for broad stock markets, with commodities and precious metals intact after taking a beating as well) as sentiment and certain macro indicators call for a potential pause in the bear backdrop.
Fed’s Brainard: We Can’t Take Global Status of U.S. Dollar for Granted
Published: Friday, 27 May 2022 20:00 | |
| The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Federal Reserve Vice Chair Lael Brainard said on Thursday.
30Y Mortgage Rate Rises To 5.29%, Housing Rents UP 16.4% YoY, Gasoline UP 92%, Food UP 60%
Published: Friday, 27 May 2022 20:00 | |
| US mortgage rates are up slightly this morning. Bankrate’s 30-year mortgage rate survey is up to 5.29%. The Biden Scorecard is still a bleak one (for non-elitists). Regular gasoline is UP 92%…
Dollar Drifts Up but Set for Biggest Weekly Drop in 4 Months
Published: Friday, 27 May 2022 20:00 | |
| The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year.