Top 10 Macro/Financial Charts of the Week – w3 (2023)

🇺🇸 #Housing | NMHC Quarterly Survey of Apartment Conditions deteriorated further.
*The index came in at 14 this quarter—well below the breakeven level (50), indicating looser market conditions for the second consecutive quarter.https://t.co/09Af8vHm6N pic.twitter.com/bvkSQeF4Bm

— Christophe Barraud🛢🐳 (@C_Barraud) January 19, 2023

🇺🇸 #Housing under construction reached a new record high in December, implying more supply by year-end and further downward pressures on #rents.https://t.co/71og3gvGsi pic.twitter.com/pxWRge0QBg

— Christophe Barraud🛢🐳 (@C_Barraud) January 19, 2023

NY Fed model has highest recession probability since 1982. And the curve is 50 basis points MORE inverted since December. pic.twitter.com/TZPVnRFsNH

— Edward Harrison (@edwardnh) January 18, 2023

Hard to believe earnings will be steady. @PkZweifel #USEarningSeason #SPX #SP500 pic.twitter.com/U9P6PKo94J

— Frédéric Rollin (@RollinFrederic) January 20, 2023

🇺🇸 #SPX | S&P 500 Reporting A Lower Net Profit Margin For 6th Straight Quarter – Factset
*Link: https://t.co/WzJRkTmAkd pic.twitter.com/tbXExa6uYk

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

A deceleration in corporate earnings growth tends to lead to a higher unemployment rate (inverted below) — and that's beginning again now.

Dreams of soft landings seem rather optimistic. pic.twitter.com/6JqvQ8wjJc

— Markets & Mayhem (@Mayhem4Markets) January 19, 2023

Who is hiring and who is firing? Tech lay-offs are massive, while also finance is cutting jobs. Healthcare sector BOOMS still.

Great chart from team @MacrobondF pic.twitter.com/So94nQQDlm

— AndreasStenoLarsen (@AndreasSteno) January 20, 2023

More companies mentioning ''job cuts'' in the US.

Still a limited amount, but now approaching 2019 levels.

These figures would be consistent with 100k Non-Farm Payrolls ahead.

The labor market is weakening, and if it doesn't the Fed will push until it does. pic.twitter.com/JrBzwCOtGT

— Alf (@MacroAlf) January 18, 2023

The bank of Japan bought 76 trillion yen, or $550BN in bonds in just the past 7 months (14% of Japan's GDP). This is 25% more than the market cap of bitcoin. pic.twitter.com/KAhackOTqF

— zerohedge (@zerohedge) January 20, 2023

🇨🇳 #China Injects Record Amount of Cash This Week Before Holidays – Bloomberg
*#PBOC added 1.97 trillion yuan short-term cash this weekhttps://t.co/4UgecxIVq2 pic.twitter.com/ZSAy2s8n4d

— Christophe Barraud🛢🐳 (@C_Barraud) January 20, 2023