March Global #Manufacturing PMI: 55.0 (a 121-month high and its best reading since February 2011⚠) v 53.9 prior
*New Export Orders: 53.4 (highest since January 2018) v 51.0 prior
*Link: https://t.co/7WBLrL9V5Q pic.twitter.com/4f8XNnyfzV— Christophe Barraud (@C_Barraud) April 1, 2021
U.S. #Manufacturing Surges Most Since 1983, Underscoring Rebound – Bloomberg
*Link: https://t.co/afhjZOnfek pic.twitter.com/4q4j93amZ1— Christophe Barraud (@C_Barraud) April 1, 2021
Despite the global popularity of the #reflation trade, swap markets don’t look to be pricing in a steeper yield curve in Europe, at least according to forward spreads in 5- and 10-year maturities – Bloomberg pic.twitter.com/pbjrVeu9IY
— Christophe Barraud (@C_Barraud) April 1, 2021
Here is the G-10 central banks’ combined balance sheet and the 12-month changes.https://t.co/XeymCmeqqW
Source: @DeutscheBank pic.twitter.com/mvditV2XQ2
— (((The Daily Shot))) (@SoberLook) April 1, 2021
Bond Sentiment has turned UP from levels where Major bottoms formed.
At the same time: some Growth Stocks have responded immediately, blasting up from their bases.
Value Stocks have done well – but don't forget Growth Stocks could ALSO rally, and have lots of room to run here. pic.twitter.com/LRphEZD9Ho
— Macro Charts (@MacroCharts) April 1, 2021