Really good news lads. Today’s PPI was so bad, it almost matched the COVID lows when the entire economy was shut down.
PPI Biggest drop since April 2020 when US was shutdown pic.twitter.com/XoskMWMbbc
— zerohedge (@zerohedge) January 18, 2023
Microsoft is laying off 10,000 and the economy is in a tailspin.
On this news, stocks are up and the US 10Yr PLUNGING -14bps to 3.39% — just in time for the spring housing market.
Commodities are ripping and the dollar dropping: perfect.
I also caught a buyout this morning with VLTA and stand before you +200bps or +7.15% for 2023.
Interestingly, my automated quant is +7.65% for 2023. I simply cannot stop the winning.
Thank you Jim Biden for destroying the US economy, allowing me to profit.
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The 3-month T-Bill is now 115 bps ABOVE the 10 Year.
This is REAL yield curve inversion. Can’t be a spurious signal…