Despite the fact that the S&P 500 has pushed higher this year, stock market skeptics continue to brace for a plunge https://t.co/2ByQyrjKsU

— Bloomberg Markets (@markets) April 17, 2023

Investors Bet That US Dollar Has Further To Fall – FT https://t.co/78PKXqfjM4

— LiveSquawk (@LiveSquawk) April 18, 2023

1/4

How concentrated has the SPX's 7.05% YTD rally been?

5.81% of this gain is from the eight FAANG+MNT stocks (listed on the chart)

1.24% of this gain is from the "other" 4.92% stocks in the SPX.

FAANG+MNT is 25.4% of the SPX's market cap, and 82.4% of its YTD gain. pic.twitter.com/u9FaOUN1nh

— Jim Bianco biancoresearch.eth (@biancoresearch) April 17, 2023

🇺🇸 Depositors pull nearly $60bn from three US #banks as #Apple raises pressure – FThttps://t.co/qL9RZeMX8Z

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

🇺🇸 Apple launches its savings account with 4.15% interest rate – CNBChttps://t.co/S3PUliqSXn

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

Bank earnings ‘off to a good start,’ with Bank of America and Goldman Sachs on deck https://t.co/Z03YTNX55B

— MarketWatch (@MarketWatch) April 17, 2023

New York factory activity expands for first time in five months https://t.co/MSVk8TC0JU

— Bloomberg Markets (@markets) April 17, 2023

Bottom line: The housing market rebound this spring is stronger than you think.

1. Supply is severely restricted – only 66k new single family listings
2. Demanded exceeds supply
3. Home prices have stopped the declines of 2H 2022

That's in this week's @AltosResearch video

1/6 pic.twitter.com/f6OFDE41Wy

— Mike Simonsen 🐉 (@mikesimonsen) April 17, 2023

NAHB: Builder Confidence Increased Slightly in Aprilhttps://t.co/OELFUx133A pic.twitter.com/64vwZMLJIj

— Bill McBride (@calculatedrisk) April 17, 2023

Housing April 17th Weekly Update: Inventory Decreased 1.3% Week-over-weekhttps://t.co/u0kuj2YOV6 pic.twitter.com/QtpkZZruMd

— Bill McBride (@calculatedrisk) April 17, 2023

Richmond Fed President Thomas Barkin says he wants to see more evidence that US inflation is easing back to the central bank’s goal of 2% https://t.co/lFY4rNKKQt

— Bloomberg (@business) April 17, 2023

".. Personally, I cannot recall a time when so many former Fed officials have been so critical of the institution’s economic projections .."@FinancialReview @elerianm #FOMC https://t.co/6SpDXrDYD7

— Carl Quintanilla (@carlquintanilla) April 17, 2023

Assuming the GOP folds on the default ceiling, a government shutdown will be likely in October.

Dem President, GOP House, Odd year = government shutdown.

This means parks will be closed, many government services will be unavailable, and economic data will not be released. https://t.co/ujD2Vep9NK

— Bill McBride (@calculatedrisk) April 17, 2023

McCarthy seeks to reassure Wall Street on stalled debt talks: The speaker stopped by the New York Stock Exchange on Monday to try to rally his fellow Republican around an elusive unifying strategy on the borrowing limit. https://t.co/y0JJsWqGCy

— Top U.S. & World News🗽 (@USRealityCheck) April 17, 2023

Tax Day Cash Will Indicate Just How Close The US Is To Default – BBGhttps://t.co/X1mF6U7ELT

— LiveSquawk (@LiveSquawk) April 17, 2023

Brazil's Lula draws Russian praise, U.S. scorn for Ukraine views – https://t.co/hqdqiEyyJl

— Investing.com News (@newsinvesting) April 17, 2023

🇯🇵 #Japan Insurer’s Plan to Sell Foreign Debt Flashes Market Warning – Bloomberghttps://t.co/XkpRiLWM3g

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

🇨🇳 #China’s Consumers Spur Economy to Keep Recovery on Track – Bloomberghttps://t.co/LUrROjTxPO pic.twitter.com/mW4YACMk6w

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

🇨🇳 Chinese recovery is gaining traction, supported by consumption. Hospitality sector is leading the charge. pic.twitter.com/QlCIHbo6GB

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

🇨🇳 *CITIGROUP RAISES #CHINA 2023 GDP FORECAST TO 6.1% FROM 5.7% – BBG

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

🇨🇳 JP MORGAN UPGRADES #CHINA'S 2023 FULL-YEAR GDP GROWTH FORECAST TO 6.4% YEAR-ON-YEAR VS PRIOR ESTIMATE OF 6% – RTRS

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

🇨🇳 #China’s Commodities Output Roars Ahead as Economy Reopens – Bloomberghttps://t.co/o6rAhHijZ4 pic.twitter.com/i4krlBMya1

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

https://twitter.com/Sino_Market/status/1648173887711215616

⚡The slowdown in China's first quarter CPI growth is caused by temporary factors, and the growth in the second quarter may keep at a low velocity due to base effects, says NBS's spokesman.#China #inflation https://t.co/gVQMrYUREj

— CN Wire (@Sino_Market) April 18, 2023

#China's Jan-March #realestate development investment fell by 5.8% y/y to 2.59 trillion yuan.
Residential housing sales areas dropped by 1.8% y/y to 299 million square meters, and the total sales rose by 4.1% y/y to 3.05 trillion yuan.
Sentiment 94.71📈
5/ #property #housing pic.twitter.com/nXItTfTksa

— CN Wire (@Sino_Market) April 18, 2023

House prices in Sydney may have hit bottom, Bloomberg Intelligence says —here's why https://t.co/82cihOIKN8

— Bloomberg Economics (@economics) April 18, 2023

⚡PBOC conducts 38 billion yuan of 7-day RRP on Tuesday, making the net injection 33 bln yuan on a daily basis.#China #liquidity https://t.co/B6mKrCyY5B

— CN Wire (@Sino_Market) April 18, 2023

Australia's heading for a "consumer recession" because of two needless rate hikes, Deloitte says. Chalmers says RBA needs to change its approach.

Meanwhile, RBA hinting at further rate rises – seemingly ignoring the outside noise?https://t.co/MRxBjycMTI pic.twitter.com/y8srWmK4nl

— Antoun Issa (@antissa) April 18, 2023

BoJ Forecasts FY2025 CPI To Rise 1.6-1.9%, Jiji Says – RTRS https://t.co/UjxafKNvHH

— LiveSquawk (@LiveSquawk) April 18, 2023

Taiwan will buy as many as 400 land-launched Harpoon missiles intended to repel a potential Chinese invasion, completing a deal that Congress approved in 2020 https://t.co/gYUr5TYmUo via @bpolitics

— Bill Bishop (@niubi) April 17, 2023

S.Korea, US, Japan hold drills as N.Korea slams US 'nuclear blackmail' https://t.co/Kf012AUE9U pic.twitter.com/kAQmdbraop

— Reuters World (@ReutersWorld) April 17, 2023

China Maritime Safety Administration: Major Military Activity To Be Conducted In Yellow Sea On April 18 Between 0900-1200 Local Timehttps://t.co/Wsb4cmsrDv

— LiveSquawk (@LiveSquawk) April 17, 2023

EU to unveil bank crisis prevention measures: Brussels Edition https://t.co/yhjW6KlZJt via @maxramsay @europressos pic.twitter.com/NqedIv5aiY

— Zoe Schneeweiss (@ZSchneeweiss) April 18, 2023

UK Jobless Claims Change Mar: 28.2K (prevR -18.8K)
– UK Claimant Count Rate Mar: 3.9% (prev 3.8%)
– UK Payrolled Employees Monthly Change Mar: 31K (exp 48K; prev 98K)

— LiveSquawk (@LiveSquawk) April 18, 2023

UK ILO Unemployment Rate 3M Feb: 3.8% (exp 3.7%; prev 3.7%)
– UK Employment Change (3M/3M) Feb: 169K (exp 50K; prev 65K)
– UK Average Weekly Earnings 3M (Y/Y) Feb: 5.9% (exp 5.1%; prevR 5.9%)
– UK Weekly Earnings Ex Bonus 3M (Y/Y) Feb: 6.6% (exp 6.2%; prevR 6.6%)

— LiveSquawk (@LiveSquawk) April 18, 2023

UK wage growth jumps unexpectedly adding to inflation danger https://t.co/3oIwB5HlGJ via @LucyGJWhite @PhilAldrick pic.twitter.com/bWiDRdiGF4

— Zoe Schneeweiss (@ZSchneeweiss) April 18, 2023

Sweden government revises forecasts with steeper GDP contraction https://t.co/eQy9dDZl0s pic.twitter.com/n7YfAdapmL

— Zoe Schneeweiss (@ZSchneeweiss) April 17, 2023

ECB’s Lagarde: May See More Instability As Global Supply Elasticity Wanes
– Could See More Multipolarity As Geopolitical Tensions Continue To Mount
– Data Doesn't Not Show Substantial Changes In Use Of Int'l Currencies
– Must Complete European Capital Markets Union, Key For Euro

— LiveSquawk (@LiveSquawk) April 17, 2023

Kazaks says the ECB has the option of a quarter or half-point move in May https://t.co/Y9jnf9w46L via @aaroneglitis pic.twitter.com/fpfX8d9aFr

— Zoe Schneeweiss (@ZSchneeweiss) April 17, 2023

POLL: BoE To Raise Rates Once More In May But Decision A Close Call – @Reuters https://t.co/WJfd7JCdzh

— LiveSquawk (@LiveSquawk) April 17, 2023

🇫🇷 #FRANCE'S LE MAIRE: TO ACCELERATE DEBT REDUCTION – BBG
*LE MAIRE: TO SET OUT DEBT-REDUCTION PATH ON THURSDAY

— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2023

A decision to reduce sanctioning powers in Germany’s climate law will make it even harder for the nation to meet its emissions goals at the end of the decade https://t.co/W3I6BSjU5b

— Bloomberg Green (@climate) April 17, 2023

Parliament's standards watchdog has opened an investigation into Rishi Sunak over a possible failure to declare an interest

via @alexwickham https://t.co/xWkVxIKoPv

— Kitty Donaldson (@kitty_donaldson) April 17, 2023

UK Security Chief’s Alert Over Threat From China – Times https://t.co/aIHwReOpuN

— LiveSquawk (@LiveSquawk) April 17, 2023

#OATT | Slovakia Ignores EU Warning And Bans Grain Imports From Ukraine – @FThttps://t.co/CGs8UhEWl7

— LiveSquawk (@LiveSquawk) April 17, 2023

⚠ #WeekAhead: Week 16 (2023) ⚠

🇨🇳 Chinese GDP
🇺🇸 U.S. Data
🇬🇧 U.K. CPI
🇬🇧 🇪🇺 🇺🇸 #BOE, #ECB & #FED Speakers
🇪🇺 ECB Minutes
🇺🇸 Fed Beige Bookhttps://t.co/hdCpMPzCXu

— Christophe Barraud🛢🐳 (@C_Barraud) April 17, 2023

BIS Chief Urges Officials To Stop Chasing Quick Fixes For Growth – @FThttps://t.co/18IvQQmQlw

— LiveSquawk (@LiveSquawk) April 17, 2023