Top 10 Macro/Financial Charts of the Week – w4 (2023)

Looking for new job? Don’t wait too long 👇 (UBS) pic.twitter.com/wbXoQNDfek

— Michael A. Arouet (@MichaelAArouet) January 26, 2023

4 spikes in new home supply.
4 spikes in unemployment.

Now, a 5th spike in new home supply.

Unemployment up in both 2023 & 2024, if you ask me. pic.twitter.com/XUivj677S5

— Jeff Weniger (@JeffWeniger) January 24, 2023

The UBS Evidence Lab data measure of job openings has been moving down steadily since Q2 of last year. The BLS measure of openings has lagged and may be overstating labor market tightness. pic.twitter.com/VQ9zf1HBPX

— FxMacro (@fxmacro) January 24, 2023

US Wages have PEAKED, which is good news for those hoping for slowing service inflation

A Fed pivot (with cuts and no QT) is likely in H2-2023

4/n pic.twitter.com/NK9PWxeKW7

— AndreasStenoLarsen (@AndreasSteno) January 25, 2023

🇺🇸 #Fed Sees Soft Landing as Silver Lining of Temp Jobs Decline – Bloomberg
*Changes in temporary jobs presage broader labor market trendshttps://t.co/7GEuaUqVfd pic.twitter.com/0NTEloxmDc

— Christophe Barraud🛢🐳 (@C_Barraud) January 27, 2023

🇺🇸 The 4Q/4Q changes for both headline and core (at 5.5% and 4.7%, respectively) are softer than the median #FOMC participant’s projections of 5.6% and 4.8% in December’s SEP – Bloomberg
*That’s the first time #inflation undershot the #Fed’s forecast in 2022. pic.twitter.com/4M5UAMs7Sp

— Christophe Barraud🛢🐳 (@C_Barraud) January 27, 2023

Supply chain stress continues to ease, a good sign pic.twitter.com/8Mq186xfP6

— Markets & Mayhem (@Mayhem4Markets) January 26, 2023

🌎 #Shipping-Cost Drop a ‘Smoking Gun’ Foretelling #Inflation to Cool – Bloomberghttps://t.co/rrXPNByfn8 pic.twitter.com/gyBo8E7rzr

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

https://twitter.com/C_Barraud/status/1618960868078923776

Per Jim Reid at Deutsche Bank, EU gas storage is now at its highest level ever for this time of year pic.twitter.com/BjhdmGMMik

— Joe Weisenthal (@TheStalwart) January 25, 2023