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🚨🇺🇸Good News is Bad News?
If Congress greenlights the #debtceiling agreement, the Treasury aims to issue $726B & $733B of US bonds in Q2 & Q3, respectively, to replenish TGA. This could imply a significant liquidity withdrawal, possibly fueling bond market volatility again.

$NVDA stock price surpassing $400 per share in pre-market hour. Market cap expects to hit the $1 trillion mark.

🇪🇺 Euro Area Money Supply M1 YoY has fallen to -5.2%, reaching a historic low again. 🚨
As history shows, a drop in money supply typically precedes a decline in GDP by roughly one year.
📊How this graph was created: pse.is/4u6s7t

🇺🇸🏠US 30-year fixed mortgage rates reach new high at 7.12%, highest since Nov. '21 (7.37%).
Source: Mortgage News Daily

🚨US Treasury #COT index has dropped to a new low again. #DebtCeiling #MM
Congress will vote on the deal to extend the government borrowing authority on Wednesday. If passed, it is expected to alleviate bearish sentiment towards bonds.
📊COT Monitor: en.macromicro.me/cot-flow?utm_s…

Working on shading and hair! Ink and markers on paper. #Sizetwitter #macro micro #macro philia #macro #micro #shrinking #sizefetish #giantman #gianttiny #armpit

🇪🇸Spain's inflation in May came in lower than market expectations with HICP YoY at 2.9% (est. 3.4%, prev. 3.8%) and CPI YoY at 3.2% (est. 3.5%, prev. 4.1%).
📍Data: en.macromicro.me/collections/38…

Spain core CPI YoY fell to 6.1% (prev. 6.6%).

🚨🇪🇺Based on ECB (2019) model, we calculated #Eurozone recession probabilities using real money supply and term spread. With real M1 YoY dropping to -12% in April, the probability of a recession in the next 12 months has surged to over 95%.

🚨🇬🇧 $GBP COT Z-Score Index has surged above 2.0, suggesting a 'greedy bullish' sentiment for the British pound.
Historical data suggests that when the index surpasses 2.0, GBP/USD tends to experience a downward trend.
📊More Info: en.macromicro.me/toolbox/chart-…

🇺🇸The slope of US Phillips curve, an inverse relationship between unemployment & inflation, has steepened since pandemic, compare to the last few decades. Implication? #Fed may need to sacrifice the economy and see ~6% unemployment in order to bring CPI back to 2% target.

Market expects the European Central Bank to raise interest rates two more times, indicating that the monetary tightening is not yet over.

Credit Impulse chart from macromicro. Real good for this kind of data, I added BTC.

🔬 The thicker the sample, the more pronounced the scattering, meaning that we need to apply specialized techniques such as tissue clearing and/or multiphoton microscopy to achieve greater depths of imaging.

Read our article 👉 buff.ly/3ADcV2U

#microscopy #microscope

🇺🇸Dallas Fed's Manufacturing Index dropped to -29.1 in May, the lowest level since June 2020.

📍Data: en.macromicro.me/toolbox/chart-…

$NVDA CEO Jensen Huang’s Commencement Speech at NTU: Run, Don’t Walk

1）Run. Don’t walk. You are running for food, or you are running from becoming food. And often times, you can’t tell which. Either way, run.

2）40 years ago in 1984, I stood at the starting line of the…

🚨🇺🇸Russell 2000/S&P 500 ratio has dropped to its lowest level since 2002.📉
Recent rebound in tech stocks has not lifted the performance of small and mid-cap stocks.
📍How this graph was created: en.macromicro.me/toolbox/chart-…

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CME #Fed Watch Tool predicts #Fed will deliver a final 25bp rate hike in June and reduce rates by 25bp by the end of 2023, followed by another 175 bps cut by the end of 2024.
🚨Does the expectation of substantial rate cuts next year suggest an impending #recession ?
📊Data:…

🇪🇺🚨Eurozone industrial orders fall to a new low in over a year, while inventory levels rise to a new high in nearly two years. There are still no signs of improvement in the European manufacturing industry.
📍Data: en.macromicro.me/collections/36…