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Animal Spirits: The Yeah But Bull Market
Michael Batnick
April 17, 2024
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The "excess" core CPI inflation right now is much less broad than what we saw in 2022.
In 2022, inflationary pressures hit many categories.
In contrast, right now, only two are stronger than we'd expect under 2% PCE pre-pandemic: housing--the lion's share--and auto insurance.
— Ernie Tedeschi (@ernietedeschi)
12:42 AM • Apr 11, 2024
March's US Retail Sales data experiences a big upward surprise 0.7% MoM vs. a forecast of 0.4%. Here are the details behind the move from ECAN<Go>.
— Michael McDonough (@M_McDonough)
12:34 PM • Apr 15, 2024
A look at the weights of Non-Store Retailers (online) vs. General Merchandise Stores in Retail Sales since 2000: (@TheTerminal chart link: blinks.bloomberg.com/screens/g%20%2… }
— Michael McDonough (@M_McDonough)
12:47 PM • Apr 15, 2024
Who is Buying a House in this Market?
"People change jobs. They move to a new city. They get married. They start a family. They get divorced. Someone dies. Life goes on and people make it work, high mortgage rates and all."
buff.ly/3JdHUGZ
by @awealthofcs
— Ritholtz Wealth (@RitholtzWealth)
12:48 PM • Apr 13, 2024
How many people go to church weekly?
Surveys say it's about 1 in 5 Americans.
Cell phone tracker data say it's actually closer to 1 in 20 Americans.
Fascinating new working paper!
nber.org/papers/w32334
— John B. Holbein (@JohnHolbein1)
2:59 PM • Apr 15, 2024
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