Replies to post #29550 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

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Current unofficial NY Fed projections are 68% sure 2023 output will be btw -1.9% to +4.0%. Just plain nonsense. For Q1 '24, btw -3% and +5%. So, either utterly horrible quarter or something like '21. No wonder they're hiking rates, they have no clue.
https://buff.ly/46gOhUa

Current unofficial NY Fed projections are 68% sure 2023 output will be btw -1.9% to +4.0%. Just plain nonsense. For Q1 '24, btw -3% and +5%. So, either utterly horrible quarter or something like '21. No wonder they're hiking rates, they have no clue.https://t.co/gHX1VxES6P pic.twitter.com/Ygc5JcurQf

— Jeffrey P. Snider (@JeffSnider_EDU) June 23, 2023

3 central banks hiked rates today (Swiss, Norway, England), why? The same reason the Fed has paused. The level of uncertainty is off the charts, they have no idea which way the economy is going to go. DSGE models are all over the place over the next year.
https://buff.ly/46gOhUa

S&P Global Flash PMIs are indicating a global synchronized manufacturing recession

Wait, what? Dollars are scare!?! More evidence of a global dollar shortage.

Dollars Are So Scarce in Argentina That Yuan Use Is at a Record

Initial claims +264k. The labor market is strong they say. Powell thinks rates need to go higher. On the brink of collapse I say.

Most people don't understand the circular flow of dollars through the global economy has been broken. Don't blame the Fed though. They are clueless.

S&P Global Flash PMIs are indicating a global synchronized manufacturing recession. pic.twitter.com/hpQHQpvHGl

— Steven Van Metre - AI 👑 (@MetreSteven) June 23, 2023

Wait, what? Dollars are scare!?! More evidence of a global dollar shortage.

Dollars Are So Scarce in Argentina That Yuan Use Is at a Record https://t.co/xmsQTZYhx5

— Steven Van Metre - AI 👑 (@MetreSteven) June 23, 2023

Initial claims +264k. The labor market is strong they say. Powell thinks rates need to go higher. On the brink of collapse I say. pic.twitter.com/eZPYiKRbav

— Steven Van Metre - AI 👑 (@MetreSteven) June 22, 2023

Just in time for Fed's pause, KC Fed's manufacturing PMI prices received index sank by 13 pts to just +3. Lowest since 2020 and suggesting an accelerating "disinflation." Almost completing the supply shock round trip.

Just in time for Fed's pause, KC Fed's manufacturing PMI prices received index sank by 13 pts to just +3. Lowest since 2020 and suggesting an accelerating "disinflation." Almost completing the supply shock round trip. pic.twitter.com/tvy1b2jQDX

— Jeffrey P. Snider (@JeffSnider_EDU) June 23, 2023

New cycle low for KC Fed's manufacturing PMI. Inventory down big, both coming and going. Employment index down to -12, too. Maybe agreeing w/three weeks of higher jobless claims

New cycle low for KC Fed's manufacturing PMI. Inventory down big, both coming and going. Employment index down to -12, too. Maybe agreeing w/three weeks of higher jobless claims. pic.twitter.com/rEyqCWozLQ

— Jeffrey P. Snider (@JeffSnider_EDU) June 23, 2023