Top 10 Macro/Financial Charts of the Week – w11 (2023)

The "Fed Put" is back with assets on their balance sheet increasing $297 billion over the last week, the largest spike higher since March 2020. Thus nearly half of the Quantitative Tightening since last April was undone in a single week. pic.twitter.com/3Nk4J4Sxku

— Charlie Bilello (@charliebilello) March 16, 2023

🇺🇸 The emergency loans reversed around half of the balance-sheet shrinkage that the #Fed has achieved since it began so-called QT in June last year – Bloomberg
*$152.85 billion in borrowing from the discount window
*Other credit extensions totaled $142.8 billion during the week. pic.twitter.com/0SJvDiq98N

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

🇺🇸 ‘QE in Another Name’: New Bank Backstop Points to the End of #Fed QT – Bloomberghttps://t.co/jWGM9Dcrop pic.twitter.com/K9ZyM7FMah

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

🇺🇸 Easy to see why there is an exodus of commercial bank deposits – Bloomberg TV Charts pic.twitter.com/zDospKSNRw

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

🇺🇸 #Treasuries #Liquidity Dwindles as #SVB Crisis Muddies Fed Outlook – Bloomberghttps://t.co/ZpALoiPH1d pic.twitter.com/bGBrXWwbw5

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

Bond volatility just surged to the highest level since the global financial crisis. pic.twitter.com/1ZzaShgyPa

— Otavio (Tavi) Costa (@TaviCosta) March 15, 2023

🇺🇸 US Year-Ahead #Inflation Expectations Drop to Lowest Since 2021 – Bloomberghttps://t.co/R78PcDHNVs pic.twitter.com/PAEqEK1jtS

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

Job postings on @indeed continue to slide. Our Job Postings Index came in at 132.6 on March 10th, indicating that job postings are still elevated.

But there has been a sustained decline. Total job postings have been declining on a month-over-month basis since December 6th. pic.twitter.com/5kWiLWHJ23

— Nick Bunker (@nick_bunker) March 14, 2023

1) Super interesting from Variant Perception.

WARN notices lead unemployment claims by 4 weeks and they have gone vertical. pic.twitter.com/jMvTvtlmLM

— Gavin Baker (@GavinSBaker) March 14, 2023

🇺🇸 *US FEB. LEADING INDICATOR FALLS 0.3% M/M; EST. -0.3% (11th straight contraction) – BBG
*On a YoY basis, the index fell 6.5% (largest decline since June 2020)
*Usually, this level is associated with #recession in the coming months. pic.twitter.com/vx9PkRW7iG

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