Top 5 Charts: Demand Destruction Started, U.S. Retail Gasoline Price Hits Record High
Demand Destruction is here: company mentions of "weak demand" jumped this quarter to the highest since the covid crash pic.twitter.com/C4TZGr98FD
— zerohedge (@zerohedge) May 10, 2022
Gas prices in the US hit another record high, rising to an average of $4.43 per gallon. A year ago the average price was $2.98 and two years ago the average price was $1.88.
— Charlie Bilello (@charliebilello) May 10, 2022
Charting via @ycharts pic.twitter.com/vNOmNtGpJ7
'This selloff is primarily driven by valuation, and it's remarkable how similar it looks to the bursting of the dot.coms' bubble at the turn of the century.' https://t.co/ZupcEHPXRg by @johnauthers pic.twitter.com/hU6L22g0nE
— Jesse Felder (@jessefelder) May 10, 2022
US Small Caps are now down 29% from their November 2021 high, giving back most of the parabolic gains that started in November 2020. $IWM pic.twitter.com/dTXF0pt9rl
— Charlie Bilello (@charliebilello) May 10, 2022
Job openings to unemployed by sector, state
— Sam Ro 📈 (@SamRo) May 10, 2022
“Because the Fed has blunt tools at its disposal… it cannot target labor demand reductions in those sectors or states that have the most room to cut openings without raising unemployment.” – DB pic.twitter.com/ziveKaIbdW