Macro Nugget: BLS revision gives clear recession indication
Yesterday’s job revision numbers from the BLS of -800k is in a historic context a clear sign of a recession. We agree that some data are starting to raise concerns, but before we rush to call for 50 bps emergency cuts, we need to remember that this time is...
Macro Nugget: US residential construction looking bad!
Private housing under construction in the US suggest that we should see construction jobs in negative y/y territory, but the boom in construction spending by the manufacturing sector has held construction up. Once the effects of the IRA, Chips Act and AI fever have...
Great Game – Another cease-fire fata morgana?
Rundown of the week in geopolitical events most likely to impact your portfolio. To read the full article, sign up for a 14-day FREE trial of the The Macro Connoisseur, Professional or Crypto plan. Already a member? Login...
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