Animal Spirits: When Cash Turns into a Legal responsibility

On in the present day’s present, we talk about:

Hear right here:

Suggestions:

Charts:

Tweets:

US CPI Contribution to the YoY% Change: pic.twitter.com/1lCE2iHSfE

— Michael McDonough (@M_McDonough) February 14, 2023

Core Providers Excluding Shelter on a MoM% foundation nonetheless stubbornly excessive: {ECAN} pic.twitter.com/V8TOsBwLhE

— Michael McDonough (@M_McDonough) February 14, 2023

4/4

Greatest proof is 34% of CPI basket (by weight) is in outright deflation

– 50-yr avg 30%
– Again in 80s, this determine didn’t rise above 30% till Oct ’82
– Guess when Volcker ended inflation struggle? Trace: Oct ’82

This determine crossed above 30% in Oct ’22…Trace: inflation struggle over pic.twitter.com/RF3V0X8Rkx

— Thomas (Tom) Lee (not the drummer) FSInsight (@fundstrat) February 10, 2023

Simply in:

Used automobile costs formally elevated 2.5% in January.

The *largest* month-over-month proportion enhance since finish of 2021. pic.twitter.com/vSr6YhOK2y

— CarDealershipGuy (@GuyDealership) February 7, 2023

(Reuters) – Walmart Inc. is warning main packaged items makers that it could actually now not abdomen their value hikes, pitching its personal private-label merchandise to customers as less-expensive options to suppliers’ name-brand items.@reuters $WMT #CPI https://t.co/R17zFkRNL0

— Carl Quintanilla (@carlquintanilla) February 10, 2023

NFIB survey: Total studying 90.3 vs 89.8. Variety of corporations elevating costs in Jan fell to 42% – lowest since Could 2021. Plans to boost costs in subsequent 3 months 29%. Inflation nonetheless a priority however much less so than previous 6 months.

— Kathy Jones (@KathyJones) February 14, 2023

“The bear market is over… We see neither a bull nor a bear market, only a market.” – Wells Fargo

— Sam Ro 📈 (@SamRo) February 13, 2023

“I don’t recall a flurry like this of Massive Tech corporations racing to one-up one another in a subject, ever. How briskly has this been?”

* Late Nov: #ChatGPT gained mainstream buzz
* Dec 22: Sundar declares a ‘code pink’ ..
* Feb sixth: $MSFT pronounces it’s internet hosting an occasion

– B of A desk pic.twitter.com/aEHSsuhcXe

— Carl Quintanilla (@carlquintanilla) February 7, 2023

What number of days do we’ve got to endure this AI nonsense. How a lot cash must be misplaced earlier than it is over???

— Jim Cramer (@jimcramer) February 6, 2023

Goldman gentle touchdown basket has been on a tear for the reason that begin of the 12 months pic.twitter.com/MFYSIHa9g6

— zerohedge (@zerohedge) February 10, 2023

Bond ETFs having greatest begin to a 12 months in flows, taking in $20b in January. Excessive charges, low charges, do not matter, they absorb money and at the moment are thiiiiis near doubling their aum for the reason that ‘black eye, some fear’ days of March 2020 (a name we made & acquired proper) by way of @psarofagis pic.twitter.com/KLuos4xUUk

— Eric Balchunas (@EricBalchunas) February 14, 2023

“.. speculative fervor from the levered buying and selling neighborhood (assume YOLO crowd) has clearly crept again into the market .. On Thursday, .. speculative fervor exploded, with Single Inventory Name Possibility volumes notching its highest quantity day ever, by a large margin.”

– Goldman desk pic.twitter.com/Ls6UnnzNeW

— Carl Quintanilla (@carlquintanilla) February 5, 2023

2/3

And what may be driving this vol?

Right here is the 20 most buying and selling choices in the present day. Highlighted within the title column is the expiration date. All 20 expire in the present day (0DTE) or tmrw (1DTE).

Additionally highlighted is it implied volatility (IVM col). A few of them are buying and selling at a 90-100 vol. pic.twitter.com/gU2L5XmfIl

— Jim Bianco biancoresearch.eth (@biancoresearch) February 9, 2023

Friday’s jobs stunner helped propel Citi Financial Shock Index for U.S. increased by important diploma … day by day change was largest since June 2020 pic.twitter.com/4yecxnD2kL

— Liz Ann Sonders (@LizAnnSonders) February 7, 2023

Laid off from Meta again in November.

After 3 months, 7 provides are on the desk. Accepted an all-cash provide from a startup for $315K, which is $70K above what Meta used to pay. pic.twitter.com/8iUznmrKqS

— Blind (@TeamBlind) February 6, 2023

“…roughly 15% of corporations within the S&P 500 have seen headcount will increase of 40% or extra for the reason that begin of the pandemic (Exhibit 4), and solely one-fifth of them have introduced layoffs thus far.” – Goldman pic.twitter.com/tu3eFeZB5g

— Sam Ro 📈 (@SamRo) February 8, 2023

Nicely that is fairly the juxtaposition… pic.twitter.com/kYnIYHaQhY

— Daniel Zhao (@DanielBZhao) February 9, 2023

Yahoo will lay off 20% of employees, or 1600 folks https://t.co/HnfOP5oHdf by @asilbwrites

— TechCrunch (@TechCrunch) February 9, 2023

TWILIO TO CUT ABOUT 17% OF WORKFORCE$TWLO

— *Walter Bloomberg (@DeItaone) February 13, 2023

Crypto funds beginning to see web inflows. Sentiment beginning to change? pic.twitter.com/YT15m8JiJi

— Tom Dunleavy (@dunleavy89) February 7, 2023

I discover the SEC’s “all crypto tasks need to do is are available and register” line unbelievably insulting.

It assumes there’s this huge amount of subtle securities legal professionals advising shoppers, “nah man, screw the SEC, yolo child, do no matter you need.” 1/6

— Jason Gottlieb (@ohaiom) February 11, 2023

Homebuyers are defying expectations. And sellers aren’t desirous to promote.

Accessible stock of single household properties on the market dropped by 3% this week to solely 443k

46% fewer properties available on the market than in 2019

We cowl all the main points on this week’s @AltosResearch video 📽️🧵👇

1/7 pic.twitter.com/FzhXhnff5L

— Mike Simonsen 🐉 (@mikesimonsen) February 13, 2023

Among the many 150 main housing markets tracked by @JBREC, 24 markets have seen native dwelling costs fall by greater than 5%https://t.co/5qVLGQtoGs pic.twitter.com/q2FyTOZ7P2

— Lance Lambert (@NewsLambert) February 8, 2023

San Francisco has already given up 42% of its Pandemic Housing Increase good points.

Chicago has given up simply 4% of its Pandemic Housing Increase good points.

The 20 main markets individually tracked by Case-Shiller 👇 pic.twitter.com/9Foe5KdkV0

— Lance Lambert (@NewsLambert) February 13, 2023

1 in 3 US customers say they’ve lower down on meals supply. 47% of these cited the excessive value of supply as a cause

A meal delivered might be as a lot as 100% greater than eating in, given increased menu costs, supply & service 💸https://t.co/UdxnKHpT4t pic.twitter.com/KxJqH4Tj4h

— cristina berta jones (@cristinagberta) February 4, 2023

“.. Final 12 months’s nationwide common babysitting fee was $22.68 an hour for one youngster, .. a staggering 21% enhance in simply two years ..”@axios @jenniferkingson https://t.co/ITjBVBpmcA pic.twitter.com/6GQkyC2zbT

— Carl Quintanilla (@carlquintanilla) February 10, 2023

BREAKING: At this time you’ll commerce the portfolios of politicians.

The Uncommon Whales Subversive Democratic, $NANC, & Republican, $KRUZ, ETFs are dwell in the present day.

The ETFs comply with the disclosed trades of Congressional members & their households.

See extra: https://t.co/CyG5ayenoZ

— unusual_whales (@unusual_whales) February 7, 2023

Contact us at animalspiritspod@gmail.com with any suggestions, suggestions, or questions.

Comply with us on Fb, Instagram, and YouTube.

Take a look at our t-shirts, espresso mugs, and different swag right here

Subscribe right here:

Wealthcast Media, an affiliate of Ritholtz Wealth Administration, obtained compensation from the sponsor of this commercial. Inclusion of such ads doesn’t represent or indicate endorsement, sponsorship or advice thereof, or any affiliation therewith, by the Content material Creator or by Ritholtz Wealth Administration or any of its staff. Investing in speculative securities includes the chance of loss. Nothing on this web site ought to be construed as, and is probably not utilized in reference to, a proposal to promote, or a solicitation of a proposal to purchase or maintain, an curiosity in any safety or funding product