We are to believe that the LARGEST asset bubble in human history will require the LEAST amount of Fed rate buffer and will be a soft landing. You have to be brain dead to believe that, hence it goes largely unquestioned.

by BoatSurfer600

Who’s gonna tell him….LOL pic.twitter.com/p267nFZV3k

— PlungeProtectionTeam (@gamesblazer06) July 4, 2022

Commodities continue to show concern about a global slowdown…
Chart: ⁦@RealAlpineMacro⁩ pic.twitter.com/n6hbunBwBB

— LongConvexity (@LONGCONVEXITY) July 4, 2022

“Iron ore prices have slipped for 3 straight wks, w/the decline reflecting an evaporation in confidence over #China‘s economic #stimulus, which in turn threatens to hit demand for raw #steel in the coming mos”

But Wall Street says stimulus is flowing!t.co/KGVswpLSAH

— China Beige Book (@ChinaBeigeBook) July 4, 2022

Looking at the difference between 3-month rates priced 6-month into the future (ED2) and 18-months into the future (ED6)

peak steep steepness in 2018 was 50bp (green circle)
In 2022 we got to 112bp (purple circle) pic.twitter.com/sG5hQEa4Qp

— Jens Nordvig 🇩🇰🇺🇸🇺🇦 (@jnordvig) July 3, 2022