Top 10 Macro/Financial Charts of the Week – w2 (2023)

The diffusion index of every possible #yieldcurve #inversion suggests a very high probability of #recession.
h/t @thedailyshot @MacrobondF pic.twitter.com/M1f8d1rirI

— Lance Roberts (@LanceRoberts) January 12, 2023

🇺🇸 US Small-Business Optimism Falls to Second-Weakest Since 2013 – Bloomberghttps://t.co/RGG2ykmt1i pic.twitter.com/Mly4EbtKWJ

— Christophe Barraud🛢🐳 (@C_Barraud) January 10, 2023

🇺🇸 #Housing #Inflation | With Demand Declining, #Rents Fell Again in December, Says Yardi Matrix
*Rents fell 0.2% MoM in December and 0.6% in the fourth quarter.
*YoY growth declined by 80pbs to 6.2% last month, the lowest level since May 2021.https://t.co/oleL8UAQzl pic.twitter.com/WzGmSCM1R3

— Christophe Barraud🛢🐳 (@C_Barraud) January 12, 2023

🇺🇸 With NFIB price components dropping, my US model indicates CPI at 2.5 %-ish y/y mid-2023. pic.twitter.com/Cjw3QXv1nf

— Mikael Sarwe (@MikaelSarwe) January 10, 2023

7- Lastly, there are also signs that CPI Services less rent of shelter could also normalize slowly on a YoY basis.
*Labour market momentum has weakened with wages already peaking. pic.twitter.com/xrySlwzVSj

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

All key inflation forecasts pic.twitter.com/faou0Kr9Ir

— zerohedge (@zerohedge) January 13, 2023

🇺🇸 🌎 Ocean imports dip below 2 million TEU mark for November as commerce cools off – Supply Chain Quarterly
*NRF says pandemic-driven shipping surge has come to an end, as inflation slowly subsides from 40-year high.https://t.co/vDP4Ha5s4N pic.twitter.com/ajA6UCgA0i

— Christophe Barraud🛢🐳 (@C_Barraud) January 10, 2023

🇺🇸 #Inflation | Total freight costs fall year over year in December for first time in 28 months – FreightWaveshttps://t.co/S5oowoBw33 pic.twitter.com/KxtGWTukfU

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

Just to put the scale of BOJ’s daily JGB buying/mkt fighting crisis into context:

On Thurs alone BOJ bought ¥4.6t in JGBs- single day record

¥9t what BOJ had ↑’d it’s MONTHLY scheduled JGB buying to in Dec

In other words..

BOJ bought ½ their 1-month-planned amount.. in 1 day https://t.co/c3QXzH0NyV pic.twitter.com/um2Dk4W5Ng

— Weston Nakamura (@acrossthespread) January 13, 2023

🇩🇪 German House Prices Drop for First Time in More Than a Decade – Bloomberghttps://t.co/Km3a83tr9j pic.twitter.com/x8yM5cwLwv

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023