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Liz Ann Sonders
LizAnnSonders
March ⁦@KansasCityFed⁩ Manufacturing Index slipped to -7 vs. -4 est. & -4 in prior month … new orders deteriorated to -17, prices paid rose to +17, and production fell to -9 … average workweek reversed back into contraction and employment remained in contraction pic.twitter.com/xYtiJEAhed
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Liz Ann Sonders
LizAnnSonders
As of yesterday’s close, new all-time highs for both cap-weighted (blue) and equal-weighted (orange) S&P 500 Indexes, with latter outperforming former over past 1m: 4.3% vs. 3.5% [Past performance is no guarantee of future results] pic.twitter.com/xeVUol9FzJ
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Mohamed A. El-Erian
elerianm
The link to Fed Governor Waller’s speech on the economic outlook: www.federalreserve.gov/newsevents/speech/waller20240327a.htm Markets will undoubtedly focus on his pushback against early rate cuts as progress in the battle against inflation “may have stalled” (see attachments please). This speech will increase the… pic.twitter.com/Rd6WJ7yc5A
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Ryan Detrick, CMT
RyanDetrick
Something people forget is it took more than two years for the Dow to go from 36k to 37k. Yes, the % are smaller the higher you go, but now that things are moving higher again (after a LONG time without moving higher) it shouldn't be surprising to see new milestones quickly. pic.twitter.com/rJAkyP91bb
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