Still too many bears…
SPX just catching up Overbought…
…but still not at extremely overbought levels. Source: Refinitiv
The long lags of Fed policy “One of the key elements of our firm view is that the long lags of Fed policy had always meant that the economy would steam along for multiple quarters until unemployment surged. With company fundamentals still well intact, we ran forward this analysis from late last year and projected the Sahm indicator (delta between rolling 12M minimum UE rate and the current level) our using the Fed’s own UE forecasts for this year and next. Based on further tightening in the labor market, this indicator isn’t set to reach the recession-coincident level of 50bps until Aug (moving back from June). A clearer picture of NT blue skies could be helping the market stay bid for now.” Source: Jefferies Sell side […]
Read the Whole Article From the Source: www.zerohedge.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
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