Sorry subs, we had a bit of a technical issue last night, we wanted to get this data out in regards to our trackers. One chart we also wanted to share was this Real Income data we saw today:
This is not what you want to see in a stagflationary environment. This is just more evidence that the ZIRP/QE world that we were stuck within and all its asset price appreciation mechanisms have now become an unsustainable situation given QT and higher rates. We keep hearing this soft landing and we can’t help but think someone or everyone are not contemplating the real data. We would think that after a decade of QE and ZIRP that others would notice the mechanism is now working in reverse. This can only end one way and without QE restarted, well the prospects are not great, but time will provide the answer as it always does…
As for yesterdays settlements the Nasdaq got some decent buying led by Tesla:
