S&P 500 closes higher as debt ceiling negotiations in Washington are set to resume: Live updates https://t.co/pqaPRAyHGT #stocks $ARKK #high #yield #bonds #company #earnings

— DeSota Wilson (@desota) May 15, 2023

MORGAN STANLEY: “The ‘Tightening C&I Lending’ sub series within the broader Senior Loan Officer Survey tends to lead actual trailing earnings growth by 2 quarters. This relationship points to a continued slowdown in earnings growth through year end ..” [Wilson] #SLOOS pic.twitter.com/hjsmESu33B

— Carl Quintanilla (@carlquintanilla) May 15, 2023

https://twitter.com/C_Barraud/status/1658356812058357760

Now THAT'S an outlier waiting to revert with velocity…

Combined net short position in 2Y, 5Y + 10y treasuries – a record 2.39m contracts, or 239bn at par (H/T @themarketear) pic.twitter.com/MxDONLs1zC

— Samantha LaDuc (@SamanthaLaDuc) May 15, 2023

"It would be difficult to avoid at least a modest selloff in risk assets if the debt ceiling issue goes down to the wire as in August 2011” https://t.co/aiwnqE0FKz

— Bloomberg (@business) May 15, 2023

🇺🇸 #Credit Crunch Fuels 48-Hour Bankruptcy Rush With Seven Filings – Bloomberg
*Wave is the busiest two-day period since at least 2008https://t.co/tZmvC5kzD4 pic.twitter.com/SCl7xdqMuK

— Christophe Barraud🛢🐳 (@C_Barraud) May 15, 2023

Fed’s Barr wants more oversight of bank executives’ pay after several lenders collapsed this year https://t.co/yOd8eEJJKZ

— Bloomberg (@business) May 16, 2023

🇺🇸 New York #Manufacturing Index Plunges Most Since April 2020 – Bloomberghttps://t.co/vHWR1mKeHF pic.twitter.com/swf3oFlCQ1

— Christophe Barraud🛢🐳 (@C_Barraud) May 16, 2023

🇺🇸 US Households Show Signs of Stress as New Delinquencies Rise – Bloomberghttps://t.co/idDBuAj1F1 pic.twitter.com/K5B2cokoHL

— Christophe Barraud🛢🐳 (@C_Barraud) May 16, 2023

Consumer delinquencies are already as high as they were in 2020.

The unemployment rate is still at the all time low.

Now that is scary. ⚠️ pic.twitter.com/gqTL0Ao4oX

— Wall Street Silver (@WallStreetSilv) May 15, 2023

Auto delinquencies for millennials & Gen Z have exploded higher…

For 30 years and younger (blue line), serious delinquency is at highest levels since ~2010 pic.twitter.com/WmiiRBjUyo

— Jack Farley (@JackFarley96) May 15, 2023

The latest BofA consumer spending report from a few days ago shows quite the slowdown in consumer card spending, with especially services (which have been growing dramatically) slowing hard. The debate is if this was temporary due to Easter (making y/y comps poor) or not. pic.twitter.com/glSCJNT8Qi

— Wasteland Capital (@ecommerceshares) May 15, 2023

https://twitter.com/FreightAlley/status/1658183567640256557

Housing May 15th Weekly Update: Inventory Increased 0.2% Week-over-weekhttps://t.co/zo6nWu4Y1k pic.twitter.com/O4iXTaUdMA

— Bill McBride (@calculatedrisk) May 15, 2023

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.51% in April"https://t.co/4WmXSmOS9z pic.twitter.com/E4OEi7fHPf

— Bill McBride (@calculatedrisk) May 15, 2023

🇺🇸 #Fed Officials Signal Rate Caution on Credit and Price Pressures – Bloomberghttps://t.co/9FwP5F4xvE pic.twitter.com/MpVtFVwIkW

— Christophe Barraud🛢🐳 (@C_Barraud) May 15, 2023

Yellen reiterates her warning that the US could run out of cash by June 1 https://t.co/ALhLemcus5

— Bloomberg Asia (@BloombergAsia) May 15, 2023

Treasury Deputy Secretary Wally Adeyemo is urging Congress to lift the US debt limit while also rejecting calls to mint a $1 trillion platinum coin to ease the crisis https://t.co/IUq897yxFO

— Bloomberg (@business) May 15, 2023

Atlanta-area prosecutor Fani Willis urged a judge to reject Trump’s demands that her office be disqualified from investigating his efforts to overturn the 2020 election in Georgia https://t.co/PI0L9JPEW3

— Bloomberg (@business) May 15, 2023

Allies of former Vice President Mike Pence have formed a political action committee to support him challenging Donald Trump for the Republican presidential nomination https://t.co/gJ0dlS1ums

— Bloomberg (@business) May 16, 2023

https://twitter.com/PriapusIQ/status/1658310499417616384

https://twitter.com/C_Barraud/status/1658320155657527296

⚠The jobless rate for the 16-24 age group hit a record high of 20.4% in April, up from 19.6% in March, per NBS.#China #unemployment #EconTwitter https://t.co/UB2eQy32Cd pic.twitter.com/texnoqTHzN

— CN Wire (@Sino_Market) May 16, 2023

U.S. Inflation Surprise Index from Citi has fallen to lowest since July 2020 pic.twitter.com/CLAXLJ3NSH

— Liz Ann Sonders (@LizAnnSonders) May 15, 2023

Australia’s consumer confidence tumbled in May after the Reserve Bank unexpectedly raised interest rates and the government handed down a budget that households found “mildly disappointing” https://t.co/9mkETJyCe0

— Bloomberg (@business) May 16, 2023

🇨🇳 Looking at #realestate, data suggest that home sales improved while funds raised by developers remained in positive territory in April.

➡ Analysts at Moody's just changed their outlook on China #property to 'stable' after being 'negative' on the market since Sept 2021.… pic.twitter.com/lb4fWZ6OZk

— Christophe Barraud🛢🐳 (@C_Barraud) May 16, 2023

Analysts at Moody's just changed their outlook on China property to 'stable' after being 'negative' on the market since Sept 2021. (Correcting earlier tweet).https://t.co/plytmyAC9A pic.twitter.com/cbRtJFdpa0

— Sofia Horta e Costa (@SofiaHCBBG) May 15, 2023

#China's #property sales, in floor area, fell 0.4% y/y in Jan-Apr, narrowing from 1.8% drop in Jan – Mar, and of that, residential property sales grew 2.7%, according to official data.https://t.co/haGgRmRP6L https://t.co/VVmw8XEJ73 pic.twitter.com/CnFWr31sc6

— YUAN TALKS (@YuanTalks) May 16, 2023

🇨🇳 #China’s Central Bank Outlook Spurs Call for Monetary Action – Bloomberg
*It dropped the phrase of “not flooding the economy with stimulus” for the first time in more than a year.https://t.co/OrBiT8ouTP pic.twitter.com/KyQgbd9o0w

— Christophe Barraud🛢🐳 (@C_Barraud) May 16, 2023

https://twitter.com/C_Barraud/status/1658330400295403523

Australia’s central bank weighed the risk of upside surprises to inflation when it decided to deliver a surprise interest-rate increase this month https://t.co/DW9prFZscz

— Bloomberg (@business) May 16, 2023

G-7 countries are working on concrete ways to cooperate against economic coercion from China, US Ambassador to Japan Rahm Emanuel says ahead of the group’s summit https://t.co/XqAyNwTa8J

— Bloomberg (@business) May 16, 2023

🇪🇺 *EURO AREA MARCH INDUSTRIAL PRODUCTION FALLS 4.1% M/M – BBGhttps://t.co/KA0tTiT0Mq

— Christophe Barraud🛢🐳 (@C_Barraud) May 15, 2023

https://twitter.com/C_Barraud/status/1658020121774792704

UK wage growth accelerates as labor tightness persists https://t.co/ap7Q2ijEXY pic.twitter.com/2jd3DbUUoM

— Zoe Schneeweiss (@ZSchneeweiss) May 16, 2023

🇪🇺 Important @ecb research paper on monetary policy transmission.
Conclusions: rate hikes expected to have "substantial downward pressure on real activity and inflation" of around 2% on both GDP and CPI. https://t.co/0zau5v1vVo pic.twitter.com/TWaCnMawkG

— Frederik Ducrozet (@fwred) May 15, 2023

The ECB will hold interest rates at their peak for longer than previously thought as underlying inflation pressures persist, according to economists polled by Bloomberg (via @weberalexander) https://t.co/bILOUTrnfs

— Bloomberg Economics (@economics) May 15, 2023

The ECB will need help from governments and companies in stamping out the worst bout of inflation in the euro era, Governing Council member Joachim Nagel says https://t.co/ehhB2yyaNZ

— Bloomberg Economics (@economics) May 15, 2023

ECB President Christine Lagarde is speaking Tuesday (and other ECB members also)https://t.co/8GDFLBhtqD

— ForexLive (@ForexLive) May 16, 2023

1 in 5 Britons are set to hit higher 40% tax rate, study finds https://t.co/QvZlHzyV6v via @ElinaGanatra pic.twitter.com/Gl2zJEO7qz

— Zoe Schneeweiss (@ZSchneeweiss) May 16, 2023

🇹🇷 #Turkey Goes to Runoff Vote as Erdogan Falls Short of 50% Mark – Bloomberghttps://t.co/eMQwjakKSt pic.twitter.com/ngAomTyqba

— Christophe Barraud🛢🐳 (@C_Barraud) May 15, 2023

France is stepping up its effort to ensure that the EU treats nuclear power similarly to renewable technologies during the transition to carbon neutrality by the middle of the century https://t.co/yp5Y7WVA3h

— Bloomberg Markets (@markets) May 16, 2023

Germany has called on China to close illegal overseas police stations that authorities suspect are being used to control and intimidate Chinese expats living abroad https://t.co/7okAWLd1Rs

— Bloomberg (@business) May 16, 2023

⚠ #WeekAhead: Week 20 (2023) ⚠

🇬🇧 🇪🇺 🇺🇸 #BOE, #ECB and #Fed Speakers
🇪🇺 EC Spring Forecasts
🌎 #G7 Leaders Summit
🇺🇸 US Data
🇺🇸 #Debt Ceiling Talks
…https://t.co/XPrF6IUR3o

— Christophe Barraud🛢🐳 (@C_Barraud) May 15, 2023

Not all crashes in markets are bad. This is a good crash that hopefully continues. Fertilizer prices are down 59% from their peak last yr, at lowest levels since Jan 2021. Great news given their high correlation to food prices, should continue to see lower food inflation ahead. pic.twitter.com/8emYBe7GYA

— Charlie Bilello (@charliebilello) May 15, 2023