Depressed energy prices are stoking worries that the recent raft of weak inflation numbers may be more than “transitory,” which, analysts say, could derail the Fed’s timetable for future interest rate increases.
Optimism about the economy has faded since March with economic data surprising to the downside, he noted:
Let's see, what happened in early March:
Trump blew smoke up everyone's ass and the Fed believed him:
Now we know which end of the yield curve is right:
Stockcharts.com: Price Momentum Sell Signals On S&P 500 and S&P 100. Buy Signal on Thirty Year Bond ETF (TLT)
S&P 500 with price momentum:
Dollar gamblers never believed the Fed in the first place:
Now primed for a big leg down...
ZeroClue: McDonald's Just Over Invested In Collapse
It's called misallocation of poverty capital at the end of the cycle, driven by corporate Mad Men and cheered on by 12 year old bloggers. You see automation only works if every company doesn't do it at the same time.
"This gives us confidence to raise our 2018 U.S. same store sales forecast from 2% to 3%, in excess of Consensus Metrix’s 2.5%"
Don't be overly surprised when that doesn't happen...
"The stock market is luvin' McDonalds stock, which has continued its recent relentless rise to all time highs, up 26% YTD, oblivious to the carnage among the broader restaurant and fast-food sector"
I'm lovin' it
But let's let the dullards figure that out for themselves
