Top 10 Macro/Financial Charts of the Week – w12 (2023)

🇺🇸 US Bank Deposits Decline by Most in Nearly a Year – Bloomberg
*Deposits declined more than $98 billion in week ended March 15
*The decline is entirely due to a slump at smaller US bankshttps://t.co/wKa9nrcGRT pic.twitter.com/f2p2MjnPGg

— Christophe Barraud🛢🐳 (@C_Barraud) March 25, 2023

1/2

ICI just released its money fund data through yesterday (Mar 22).

Assets increased $117B, essentially the same as the previous week ($121B).

Massively large inflows … bank depositors are still yield seeking and leaving for high~4.75% money market rates. pic.twitter.com/9oNh6j4tYU

— Jim Bianco biancoresearch.eth (@biancoresearch) March 23, 2023

The "Fed Put" is back with assets on their balance sheet increasing $392 billion over the last 2 weeks, the largest 2-week spike higher since April 2020. Thus over 60% of the Quantitative Tightening since last April has been undone … in just two weeks. pic.twitter.com/bxJZw0qzL5

— Charlie Bilello (@charliebilello) March 23, 2023

🇺🇸 Banks reduced their borrowings only slightly from two #Fed backstop facilities in the most recent week, a sign that institutions are taking advantage of the central bank’s liquidity in the wake of turmoil – Bloomberg pic.twitter.com/ULrPs2fgpt

— Christophe Barraud🛢🐳 (@C_Barraud) March 24, 2023

🇺🇸 #Fed | Markets now expect #Fed Funds Target Rate to be close to the peak – Bloomberg TV Chart pic.twitter.com/iaMlWfNmcw

— Christophe Barraud🛢🐳 (@C_Barraud) March 24, 2023

🇺🇸 #Fed | JPMorgan Says Treasuries Coping Amid Worst Liquidity Since 2020 – Bloomberghttps://t.co/8wrFnvxiSu pic.twitter.com/VydYH89uah

— Christophe Barraud🛢🐳 (@C_Barraud) March 22, 2023

🇺🇸 A systemic #credit event has replaced stubborn inflation as the key risk to markets for increasingly pessimistic investors, according to Bank of America Corp.’s latest global survey of fund managers – Bloomberg pic.twitter.com/Gu5tsalhQE

— Christophe Barraud🛢🐳 (@C_Barraud) March 21, 2023

A sign of consumer confidence cratering — credit card spending has collapsed pic.twitter.com/IYSfTgTRi3

— Markets & Mayhem (@Mayhem4Markets) March 24, 2023

🇺🇸 Bottom line: Several factors suggest that consumer spending could soften from March. This trend should be monitored carefully as it could be the early sign of a #recession coming later this year (as suggested by leading indicators). (8/8) pic.twitter.com/oeoInsxJvC

— Christophe Barraud🛢🐳 (@C_Barraud) March 23, 2023

If only there were signs pic.twitter.com/6cABiTpxzd

— zerohedge (@zerohedge) March 23, 2023