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1084 days ago

China's economy was rip-roaring in Q1 (+18%)

Official China GDP data showed the economy gained 18% on a year-over-year basis - helped of course by base effects since it was a year ago that the economy was just re-opening after the pandemic.

#Macro
China's economy was rip-roaring in Q1 (+18%)

1085 days ago

Americans spent their stimulus checks on having fun! - sports, hobbies lead retail sales

Sports +23.5% and Clothing +18% were the top risers in the March retail sales report where every category saw gains as Americans spent their $1400 stimulus checks.

#Stocks #Macro
Americans spent their stimulus checks on having fun! - sports, hobbies lead retail sales

1085 days ago

We probably just saw the best US retail sales report for years to come

Personal incomes were boosted during the month by the distribution of $1,400 stimulus checks from the latest federal pandemic aid bill, signed by President Joe Biden on March 11. Further, the labor market added more than 900,000 jobs last month.

#Stocks #Macro
We probably just saw the best US retail sales report for years to come

1085 days ago

Easiest 'financial conditions' ever boost equities, hurt havens (including the dollar)

The Chicago #Fed’s measure of financial conditions dropped at the start of this month near to a six-year low reached in January 2020.
A Bloomberg gauge is at its loosest reading since 2007, and a Goldman Sachs index hit its easiest setting on record in January.

#Macro
Easiest 'financial conditions' ever boost equities, hurt havens (including the dollar)

1085 days ago

Forex traders might still see inflation but won't 'Fight the Fed'

March CPI inflation came in like a lion and went out like a lamb, all in a day. The 0.34% m/m print on core inflation is the highest since 2006, other than July and August 2020, which were the bounce back from anomalously low readings during the height of the COVID-19 shutdowns

#Macro
Forex traders might still see inflation but won't 'Fight the Fed'
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