Scary but true as Metallica sing

ECB Staff Criticize Lagarde’s Leadership in Union Survey

I dont know. Why should we expect a revision higher? What I did note is that manufacturing is detoriating quickly. But so far it didnt seem to spill over to jobless claims. So for now my take is that US remain syrong but some cracks show.

Unemployment Insurance Weekly Claims

Yes it will!

Bundesbank Chief Nagel: Rate Cuts Will Come Sooner Or Later

Ok I will tell to my wingman who has USD 100B under management. There would be no movement if it wasnt for fundamentals. But hey, you trade your system and I trade mine. Beauty of it = we can all make money.

Remarks by Fed officials results in U.S. dollar surge and a strong drop in gold

Ah ha, the trillions of dollars moving around every day dont move around because of your 5 minutes engulfing candle. The big moneyflow because of fundamentals.

Remarks by Fed officials results in U.S. dollar surge and a strong drop in gold

I still see the US economu way stronger that EU. EU will be forced to lower rates faster than FED. Dont really understand why markets are pricing in same level of cuts in US and EU this year.

Empire State Manufacturing Survey

What the feck. Christmas over. Hangover awaits. A FED called it the other day saying activity was declining sharply. But this. Wauw

Empire State Manufacturing Survey

You are so right. Capitalism is something they like to play in Wallstreet. But whenever the shit hits the fan socialism comes to rescue.

China’s Xi stresses high-quality development of financial sector

Why are you comparing US and EU? Public spending in EU is nowhere close to US and public is much more affected by the rate hikes in EU. So I bet ECB will lower rates. I do however agree the risk FED not cutting may (wrongfully) spill over to ECB.

ECB's Holzmann: We shouldn't count on rate cuts at all in 2024

Anyone driving through Germany can see even from the traffic on the motorway how things are going. I am fearing that ECB havent realized how bad things develop and might keep rates at this level for way too long.

Wholesale prices in December 2023: -2.6 % on December 2022

The longer they wait the lower they will need to go to "restore" economy.

ECB's Holzmann: We shouldn't count on rate cuts at all in 2024

What a jerk. Those guys even believe what they are saying themselves?

ECB's Holzmann: We shouldn't count on rate cuts at all in 2024

Only public spending is keeping US floating. Thats not really a healty liberal economy, is it?

The door remains open for the Fed to cut rates in March: Economist

Well EU is probably in a recession now and yet unemployment is low. So if things stay as is until inflation is down to 2% or lower it will be the software landing. Lets wait n see.

ECB's Schnabel: 2% target is best suited to maintain price stability; Phillips curve points to...

Cuts are on its way. Just a matter of when. But FED unlike ECB read the writing on the wall. ECB as always dont understand it

FOMC Minutes: Participants Viewed Policy Rate as Likely 'at or Near Its Peak'

Now we look forward to the next news

US data confirms the cooling narrative

With all the shit going on in the world I am not sure long USD is a bad bet. Could also be hedges. Many reasons.

US data confirms the cooling narrative

Forget making sense about the markets. Best you can di is to trail along.

US data confirms the cooling narrative

Thats one way to frame it. But still low isnt it?

German PMI at eight-month high in December as downturn in new orders continues to ease

Agreed. Does it make sense? I dont know. Maybe one day it will all blow up. Until then I respect that money flow into stocks again. There is too much money in the world to try to make sense of things.

Unemployment Insurance Weekly Claims