The Federal Reserve Bank of Philadelphia’s latest survey of factories showed conditions in the region jumped in March to the highest level since 1973 as orders and shipments improved, while a measure of prices paid for materials soared to a 41-year high – Bloomberg pic.twitter.com/jXk2duC6KZ
— Christophe Barraud (@C_Barraud) March 18, 2021
The IHS Markit Global Business Outlook Survey – pointed to a notable improvement in business confidence.
*At +32%, up from +26% in October 2020, the business activity net balance indicated the strongest degree of optimism in three years ⚠
*Link: https://t.co/Yn0Z5rC0e3 pic.twitter.com/kFQelQ845Z— Christophe Barraud (@C_Barraud) March 18, 2021
China's government debt interest expense has doubled in the past five years, from 1.8% of GDP in 2015 to 4% in 2020 pic.twitter.com/L4KNRWyk8a
— zerohedge (@zerohedge) March 18, 2021
The longest duration Treasury bond ETF is now down over 30% from its high, approaching its largest drawdown ever (-32% in 2012-13). $ZROZ
Data via @ycharts pic.twitter.com/FihGIZC2rZ
— Charlie Bilello (@charliebilello) March 18, 2021
No change to Wall Street strategists’ year-end forecast for S&P 500 (average of 4099) from February survey; as of yesterday’s close, index is only ~125 points away from target @Bloomberg pic.twitter.com/E7dcKErCeP
— Liz Ann Sonders (@LizAnnSonders) March 18, 2021