The S&P 500 closed down 3.4% today, its 7th daily decline of 3% or more this year. In the last 70 years, the only years with more 3+% down days than we've already seen in 2022? 2008, 2009 and 2020 $SPX https://t.co/EtKSDS4mTU
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Is debt relief good policy? We can argue about that. Is it dangerously inflationary? No. So why the intense hostility? 3/
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.#Stocks’ reaction to Fed Chair #Powell’s (rightly) hawkish words. Consistent with their earlier decoupling, Treasury yields ended the day nearly unchanged Consistency of #Fed messaging is critical, something that has eluded it, as is addressing remaining issues. More to follow https://t.co/MIF52pNl5r
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“Whatever happens now, we’re getting an object lesson in the dangers of becoming economically dependent on authoritarian regimes,” writes @PaulKrugman. https://t.co/xYGlLy525p
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Enjoy the weekend - a throwback and also an upbeat one after a challenging week. Double duty on Monday: Guest host for @SquawkCNBC at 6am and @HalftimeReport. Lots to discuss. Roam - B52s
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With 96% of companies reported, S&P 500 operating earnings are down 9% year-over-year, the largest YoY decline we've seen since Q2 2020. Earnings during the quarter were down 17% from their peak in Q4 2021 and the S&P 500 is currently down 15% YTD. $SPX https://t.co/10p39ejSuu
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Also, we may have a hot economy, but we also have a Fed declaring that it will keep hiking until inflation is back to target. So at most we're talking about slightly higher interest rates rather than inflation 2/
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More than a quarter of Fridays this year have been 1%+ down days for the S&P 500 $SPY. That's a lot of bad weekends for bulls. https://t.co/GQFUJLxd9Q
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The Core PCE Price Index moved down to 4.6% in July, its lowest level since last October. This indicator is known as the Fed's "preferred measure of inflation" and could have an impact on the trajectory of future rate hikes. Charting via @ycharts https://t.co/3Kh6BMMvWB
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Not often that you get a 2% decline in the S&P 500 and the 10-year yield is up or down less than a basis point (bp). Of the 340 prior 2%+ daily declines since 1982, there have only been 8 when the 10-year yield was up or down less than 1 bp.
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Beautiful Weather + Back Roads + Lamborghini + Michelle Branch on the Aux = Perfect Afternoon. https://t.co/9zhI8rODuz
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The Dow Jones Industrial Average just marked its biggest pullback in more than three months, as stocks sold off sharply after Federal Reserve Chairman Jerome Powell warned of the pain to come as the Fed works to bring inflation back to its 2% target: https://t.co/BkdZZzvCbB https://t.co/2xXrNTj6AY
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The markets are closed!🔔 Here were today's top stories! 👇 ✧ Powell brings the pain to markets with a hawkish Jackson Hole speech ✦ Fed's preferred measure of inflation, Core PCE, was 4.6% in July ✧ Michigan consumer sentiment surprises to the upside https://t.co/V3QP4mGuQE https://t.co/3BKCQNHpij
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The @twitter bots are getting exponentially worse. With every one of my tweets there's now multiple crypto scam replies & replies to those replies, but with different accounts each time. How many millions of these are on the platform? And why are they doing nothing about it? https://t.co/kHJsp9E6WH
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