
If you thought Trump would stop throwing around tariffs right, left, and centre after Friday’s ruling, think twice… I still think the impact is blown out of proportion by the media, but it does affect economic sentiment due to the lack of certainty. https://t.co/mIRnLqvyF5

When the CPI-PCE spread heads lower (the spread is cyclical), it is because inflation is going lower. CPI is what matters.. End of discussion The economy is currently doing the opposite of that Q4 GDP report https://t.co/xBUcAxE1EP

Philly Fed survey just out. Activity UP, prices DOWN. Not too bad. See attached https://t.co/lodqOUkSnH

A few of our weekly inputs have come in for US growth. We continue to rebound hard cyclically. EURUSD down, US assets (soon) up, and ISM PMI towards 60 by summer. Our Nowcast IQ is telling a VERY contrarian story to...

I love how boomer strategists present the chart on free cash flows from the Mag 7 as rocket science. We learned on the first days at university that CapEx means less FCF in that year. Do these guys understand anything whatsoever...
Another SOFT inflation surrpise... It has become a bit of a theme, and we are increasingly convinced that inflation forecasting has become a "politicized arena" within banks, given how incredibly stubborn they have been in their wrong lean on this.
How is the "newborn" buy industrials, energy and metals instead of tech crowd feeling today?
The market is more in “AI fear” mode than “AI bubble” mode currently Everyone fears the left tail in their business
Our nowcasts suggest that cyclical growth is going up and inflation is going down. No one forecasts this cocktail