Heavy truck sales were revised lower & declined further in November to 336K/annualized

Back in the *old* days this was one of the most reliable leading indicators, now we just say AI, data centers, new markets, who cares…?

Couldn’t have said it better ⬇️

“….The new way of thinking is no longer to settle down and play shuffleboard into the twilight of our lives.”

I’m amazed how large the expat community is becoming in LatAm & the Caribbean.

The Bank of Japan is a complete failure

Have almost stopped using GPT completely - cancelling it soon, maybe the only website that consistently crashes and freezes everything.

Venezuelan annualized inflation is almost 300% right now (it’s been much worse), amazing how many completely useless posts are published as ‘alpha’

That is absolutely insane

Globally, central banks have committed to letting assets melt up skyward in perpetuity as their #1 mandate, total capitulation in long-term solutions as everything else is tossed by the wayside. Truly a new paradigm in policy management - both fiscal & monetary.

Wow the Venezuelan stock market is up 70% in the last month, well no shit, the currency is collapsing

Commodity index now at highest level since June 2022

Institutional homebuyers tanking on the Trump tweet

We’re taking some pages out of Venezuela

Employers with 20-49 employees continue to shed employees

The Trump Administration needs much weaker macro data then it is getting right now (if it wants more cuts) - especially on Friday for NFP...

Lindsey Graham foreign policy - if that’s the route we’re going to go down will have long lasting impacts (and not positive ones)

Another mixed but soft-leaning labor report in-line with our forecasts ⬇️

Government employment rebounded

Residential construction/construction employment soft

Data quality continues to be major issue, December job cuts dropped considerably

Housing sector still in recession of its own

Oil price quite resilient given the desire to push to $50WTI

Bizarre centrally planned economic timeline where everything is manipulated.

Elon pointing out Project South Africa 🤔