FrIDaY SpEEdrUn

spectramarkets.com/amfx/a-sour-co…

Cleveland inflation Nowcast released today has MoM PCE at 0.0% for May and Core PCE at 0.23%

clevelandfed.org/indicators-and…

'Goolsbee demurs' is a satisfying set of syllables.

*GOOLSBEE DEMURS ON IF RATE HIKE ON TABLE

There is something particularly excellent about this emoji

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I hope you make my podcast with Alfonso Peccatiello part of your weekend routine. Here is the link. This week we discuss how nominal growth is showing some early signs of fatigue, while economists’ expectations remain elevated and market pricing still quite hawkish.

Alf…

It's groundhog day for NFP as the US jobs numbers have been in a steady state for about a year. Current 12-month standard deviation of actual NFP releases is 48k. The only other times this went below 50k were May 1997, May 2013 and December 2017. Remarkable stability in Initial…

I am old enough to remember Star Atlas.

In a month or so, we will be launching our flagship Spectra School course:

Think Like a Market Professional

Anyone on the waitlist before launch will receive a major discount and other sweet treats on Day 1.

Sign up for the waitlist now, with no obligation…

This could be important for the marginal inflation outlook.

Skyrocketing auto insurance accounts for about 0.6% out of 3.8% core inflation (CPI) over the past year.

source for the 0.6% figure: cepr.net/inflation-and-…

ASoftishLanding

gm

m.youtube.com/watch?v=GX5xEF…

Bitcoin flows peaked the same week as the NASDAQ peaked. This chart shows flows ex-GBTC. GBTC all outflows, obv.

Excellent read from McMillan

mcmillan.com/news/post/28ti…

What do you hate more?