US Economy Social Media and Updates
US Economy Social Media and Updates
For those who think a billionaire’s tax doesn’t affect them, the threshold has just been lowered to $ 50mm. At this rate, you’re next?!
🚨 Morning Market Rundown – March 26, 2026 🚨 Quiet data day but Fed speakers take center stage — markets watching for tone shifts as rate expectations remain in focus 👀 🗓️ Economic Events: 0830 - Initial Jobless Claims: Exp. 210K; Prev. 205K 1600...
The move higher in US yields has been entirely driven by term premia, not inflation expectations. Real yields on 10-year bonds are the highest in almost a year. The implication seems to be that investors are worried about the fiscal...
BlackRock’s Rick Rieder said today he still thinks the 🇺🇸 Federal Reserve should cut interest rates - Bloomberg
Fed’s Operating Losses Declined to $19 Billion in 2025, “Unrealized Losses” Declined to $844 Billion. QE hangover a little less atrocious after years of QT and lower interest rates https://t.co/iwXBD2STH5 https://t.co/JmA1t7ABYD
There Goes the Spring Selling Season: Mortgage Rates Jump, Mortgage Applications to Purchase a Home Drop. Mortgage purchase applications are down by 35% from the same period in 2019 in a housing market that remains frozen https://t.co/sR0N0Jznl0 https://t.co/Hkfy4IziDs
This is a really great divergent policy thought we should keep on our radar. If it comes to fruition, we could see a collapse in treasury yields. Fantastic work from @ericwallerstein ! “The solution: the Fed should expand FIMA access to sovereign wealth...
From my receipts catalog: Joe Biden’s last quarter in Office. Like Michael Jackson once sang, “Do you remember the time?” Unemployment frolm record low of 3.2%, Inflation falling, consumer confidence rising, retail sales up, stock market stable and rising, black unemploymentT...
The average 30-year fixed mortgage rate today: 6.48% Same day last year: 6.80% -------------------- 10-year Treasury yield: 4.34% Spread today: 214 bps
Once I got started on this piece, the numbers started talking to me, and by the end they were screaming. So I feel like I've got to share it with you: The Federal Employee Crisis Nobody's Talking About. https://t.co/6rdnuvxTW9
National average gas prices are now within cents of the pivotal $4-per-gallon threshold, which many elected officials would prefer to avoid in a midterm election year. https://t.co/Ow36WJehg7
GS: We estimate that the core PCE price index rose 0.32% in February (vs. 0.31% previously), corresponding to a YoY rate of +2.93%. https://t.co/qdzutjc5RO
TLT lost $1.2B. HYG lost $623M. 10Y at 4.38% and rising. In a war. Who buys the bond dip? Foreign CBs may be selling to defend currencies vs DXY near 100. Pension funds face oil inflation that muddies the real yield math. Rate-cut traders...
TEN TRILLION DOLLARS of existing US gov’t debt needs to be refinanced in the next 12 months. This spells more trouble for the out-of-control federal budget in which net interest expense already accounts for 14% of federal spending and is growing...
Trump was elected on promises to help working Americans catch up. His policies are having the opposite effect. Together, his tariffs and “One Big Beautiful Bill” will decrease incomes for the poorest Americans and disproportionately benefit the highest earners. Source: Tax...
Unemployment in the US is reaching critical levels. The average job search duration has risen to 25.7 weeks-the highest in four years. Since October 2023, the duration has increased by 6.3 weeks, marking the fastest growth since the COVID period. When it becomes...
10Y yields at 4.38% and RISING during risk-off. That's not the flight-to-safety playbook. That's a regime change. $TLT $SPY $GLD https://t.co/nCaYnxlGaO
For every $1 increase at the pump, the typical American household spends an extra $530 per year. Gas is costing Americans $300 million more a day than before the war. My latest newsletter, "This War Will Make You Poorer" (bit.ly/ThisWarWillMakeYouPoorer),...
Looks like exporters forgot to eat Trump's tariffs, import prices rose 1.1% in February and 2.5% year-over-year https://t.co/3UkarMgRx7
10-Year Yield Holds Uptrend as Inflation Nowcast Accelerates during #Quad3 The bond market isn’t buying the narrative. 📉📊 📈 10Y still making higher highs/lows 📊 Range: 4.20–4.43%
“I’m concerned recession risks are uncomfortably high and on the rise,” said @Markzandi “Recession is a real threat here.” https://t.co/rhvcxMLgtd
Wild swings in the US quarterly current account deficit over the course of 2025 -- from close to 6 pp of GDP in q1 to well under 3% of GDP in q4 ... 1/ https://t.co/2EuT5nM3jZ
UST 5y auction will be interesting after a nasty 2y yesterday. Some news cross-currents may have affected clean bidding for 2s which should be a factor for 5s today as well. Also more of a concession would be...
While the 10-year yield broke out of a short term range, the weekly chart below still shows bonds holding within a long triangle (in place since 2022). If it breaks, it will be a problem not only for bonds but...
#Mortgage purchase application data remains positive year over year, but weekly demand declined last week. @housingwire @sarahteresa6 #realestate #economics #mortgagerstes #chartdaddy
Long yields broke out last week and finished the week at 4.39%. As I have written many times, nothing good happens above 4.5% when the risk-free rate is competitive with risky assets, as is now the case. https://t.co/mq0q2S2nBU
The last time there was notable chatter about America entering a recession...it didn't happen...markets kept its steady climb... Will it be the same this time around? Vote here & we'll go through the poll results at the top of today's show...
Factory construction was down 15% over the last year, even before adjusting for inflation https://t.co/YNFjjiLWfV Reality hasn't heard about Trump's $18 trillion in investment coming into the country. Trump always says, "no one has seen anything like it," which is...
Powell's Inflation Excuse – It's All BS! Powell: "Inflation was global so you can't blame us." Me: That's BS. Every central bank made the same mistake – cutting rates, printing money, flooding economies. That doesn't excuse the Fed. It proves they ALL...
the @federalreserve has cut interest rates six times since Sep '244 and U.S. 10-year yields $TNX have risen from 3.7% to 4.4% since that cutting program began... https://t.co/EQHFpoQsIC
"US Import Prices Jump by Most in Nearly Four Years Ahead of Iran War" "Excluding petroleum, import costs advanced 1.2%, the most since January 2022 and driven by higher prices for capital goods and consumer merchandise excluding automobiles." https://t.co/0glmjMPmLR
The Fed Already Has What it Needs to Navigate Supply Shocks--my latest newsletter with cameo appearance by @amacker and awesome Don Kohn link from @darioperkins. https://t.co/ihDcQmi2WI https://t.co/jbXalR3zRA
The education and health services sector has accounted for 109% of private-sector job creation since January 2025. via ADP
The March 2026 US Treasury 2-year yield hit 3.93%, up sharply from 3.45% last month. This is the highest yield since May 2025. TRUMP’S TARIFF WAR AND WAR ON IRAN ARE RATTLING BOND MARKETS. https://t.co/TfJWZRALwu
This morning, the US BLS released nonfarm productivity data for Q4 2025. Q4 2025 growth was revised down to 1.8%, from 2.8%, and well below the 5.2% surge in Q3. FULL-YEAR PRODUCTIVITY GROWTH SLOWED TO 2.1% IN 2025, DOWN FROM 3.0% IN...
The day the war started (Feb 28), Fed fund futures were pricing in 2.5 rate Fed CUTS for 2026. Now they are pricing in 0.2 of a Fed rate HIKE for the rest of the year. https://t.co/kZikoSqzqz
the writing has been on the wall... but still most will continue to scoff it off and kick the can down the road, as the politicians similarly do... The Treasury just declared the U.S. insolvent. The media missed it https://t.co/6xs6EPNFXr
$5+ Diesel Could Unleash Inflationary Mindset the Fed Better Not “Look Through.” Inflation Was already Hot before Iran War. When this inflationary mindset takes off, inflation becomes like a runaway train https://t.co/51qim5kPk6 https://t.co/cBfjwNFSno
Redbook retail sales ... no sign of consumer spending stress yet +6.7% YoY WE March 21 https://t.co/8GFoXUdydC
So far, entry-level share of employment in legal, financial, & office admin occupations doesn't look functionally different from pre-2023 trends (the population is aging so important to benchmark). A bit above trend for legal, a bit below for finance, in...
The US Money Supply grew 5% over the last year, the biggest YoY increase since June 2022. After a brief hiatus, money printing is back. https://t.co/bnnPEsB9x6
"Input prices for services rose to the highest since May, while those for manufacturers jumped to a seven-month high." https://t.co/NMR6KvBOzE https://t.co/DhoJ1m76qO
10Y treasury back to where it was at Trumps inauguration. Its increased almost 0.5% since the Iran war started in a sign that the market worries do the long term effects of Trump’s chaotic presidency. That makes mortgages more expensive. 1Y...
“Today’s 2 yr auction was terrible:” @pboockvar The bid-to-cover ratio was the weakest since May 2024 and dealers got stuck with the largest amount since October 2022. Traders are having a hard time pricing Fed policy as oil prices swing...
Perfect timing for a new book on inflation expectations. https://t.co/CpPzlHzxxf by Olivier Coibion and Yuriy Gorodnichenko https://t.co/Cy5qOH9CED
A Reuters/Ipsos poll found that 55% of Americans report that rising gas prices have negatively impacted their finances. AFFORDABILITY = TRUMP'S ACHILLES HEEL. https://t.co/kJMYHDcmB6
Small caps aren’t ‘early cycle’. $IWM is a stress test. If it can’t lead, the economy isn’t as fine as the index level suggests. https://t.co/Cwur5o8DPZ
Despite investors’ previous hopes for rate cuts, Trump’s war has worsened the Fed outlook — with markets now not expecting further cuts this year (or next). My @morningjoe Chart
In the table below, we see that the drawdown in the S&P 500 has now reached 7.6%, with breadth reaching moderately oversold levels. That drawdown masks a far bigger decline in valuations, with the trailing P/E down 20%. The MSCI EAFE and...
They keep saying “low unemployment” and “inflation is under control” Meanwhile eggs are still $7, rent just jumped another $300, and my friends are getting ghosted on 200+ job apps. How is this a “strong economy” when my grocery bill feels like...
