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  • US private sector ends year in stronger downturn as demand weakness and price pressures bite

    From pmi.spglobal.com

    US private sector firms signalled a further decline in output during December, according to latest ‘flash’ PMI™ data from S&P Global. The downturn gathered pace, as business activity fell at the joint-sharpest rate since May 2020. Manufacturers and service providers alike registered steeper decreases in output, as weaker demand conditions, inflation and hikes in interest rates dampened activity levels. The headline Flash US PMI Composite Output Index registered 44.6 in December, down from 46.4 in November, to signal the joint-fastest decline in business activity for over two-and-a-half years as 2022 was ... (full story)

Currently in recession, racing towards depression. Thank you Jay Powell.
The last time PMIs fell to this level, things got ugly fast.

A gauge of new orders at manufacturers slipped further into contraction, falling to its lowest level since May 2020.

New business at service providers also shrank by the most since the early months of the Covid-19 pandemic.
Quoting bogdan11
Currently in recession, racing towards depression. Thank you Jay Powell.
Next year 100% we're getting the "official" recession.

I'll need just a bit of more time to start Shorting Euro and Pound against everything and also start buying USD and CHF against everything. Small lot size of course, these orders are meant to last the entire recession.

When BoJ raises rates finally, I'll add JPY on my list. Still need to see how Yen will behave during recession, but still with negative interest rates.
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Yet the dollar continues to rise. This bullish dollar is not over. Stocks will continue to tank and dollar rise. This is literally what happens during recession also. That paired with an aggressive fed…nothing fundamentally is limits by that dollar bullish trend.
  •  Guest
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Dxy to break 101 and start to fluctuate, data is very obvious …
Market keeps buying dollar )
Quoting Guest
Yet the dollar continues to rise. This bullish dollar is not over. Stocks will continue to tank and dollar rise. This is literally what happens during recession also. That paired with an aggressive fed…nothing fundamentally is limits by that dollar bullish trend.
Time will tell.
dollar is still king, 106 should be touched before year end but only time will tell.
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