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Thursday, March 28, 2024

Guest Post: A Bull/Bear Recap

Courtesy of Tyler Durden

Submitted by Uformula of RCS Investments
Bullish News
 
Manufacturing continues to show strength with very strong Empire/Philly Manufacturing surveys.  This sector may jump start the economy.
 
Weekly retail sales (Goldman ICSC and Redbook) showed positive readings in a YoY basis and shows that consumer spending has stabilized and even begun to increase.
 
FOMC pledged to keep rates at  “exceptionally low levels for an extended period”.  This has given the green light to continue to take on risk…meanwhile,
 
…Inflation continues to be subdued, thus we have factors in place to produce a Goldilocks Economic Expansion, easy money leading to increases in asset prices and low inflation.
 
FedEx sees the economic recovery broadening, while transports lead the rally, despite higher oil prices.  The strength would seem to be real.  
 
Equities just don’t stop rallying.
 
 
Bearish News
 
Homebuilding Sentiment takes a leg lower as due home prices.  Wasn’t this the cause of the recession in the first place?
 
Protectionism is heating up as Congress pushes President to confront China regarding Yuan appreciation.  
 
FedEx sees the recovery at risk (which one to believe?..)
 

Disclosure: Short Emerging Markets, Financials, Materials, Silver, Real Estate

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