sellside observations and an economic calendar or two ...
Good AFTERNOON
On Friday we learned,
US Savings Rate Crashes To Lowest Since Lehman, Fed's Favorite Inflation Signal Near 40-Year Highs
… Finally, the most important aspect of today's report is The Fed's favorite inflation indicator - The PCE Deflator - which was expected to slow in April. The headline print came in hotter than expected at +6.3% YoY (vs +6.2% exp and below the prior +6.6% print). Core PCE came in at +4.9% as expected, slower than the +5.2% YoY in March...
(data, visuals and commensurate snark / recap via ZH).
And for MORE of the day that was as only ZH can do, see
Soaring Stocks Break 100-Year-Record Losing-Streak Amid Macro Meltdown
I’ve gotta be honest with you … After the past weekend’s festivities, I’ve not had too much time to get caught up with the inbox. I have put together THIS LINK of sellside observations to help pass some time IF you are lucky enough to be at the beach … and trying to plan your trades ahead of MONDAY NIGHTS UST market open …
This weekend you’ll note quite a bit on STAGFLATION where Citi econ dept offers
AND DB (from earlier last week)
There’s more. Much more …
In closing a couple economic calendars and links for any / all still attempting to trade funDUHmental information flows … First, this from the best in the strategy biz is a LINK thru TO this calendar,
Wells FARGOs version, if you prefer …
… and lets NOT forget EconOday links (among the best available and most useful IMO), GLOBALLY HERE and as far as US domestically (only) HERE …
… THAT is all for now. Back TO the weekend!! Something more intelligible in the days / weeks ahead.