PCE core services ex-housing is starting to see its rates of change settle in a stickier range … both 3-month (blue) and 6-month (orange) annualized changes are at +4.7% (still fast relative to history)
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Wage and salary growth in leisure/hospitality sector has eased considerably from peak but ticked up to +5.7% (q/q) in 1Q23 … still near upper end of long-term range.
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Still have much more time this year, but thus far, equal weight S&P 500 is having its worst performance relative to cap weight S&P 500 since 1999
[Past performance is no guarantee of future results] 
Personal savings rate ticked up again in March and is now at 5.1%, highest since January 2022 
Not yet seeing a ton of improvement in trend for core PCE … 3-month annualized % gain eased to a still-fast +4.9% in March 
NASDAQ has climbed to its highest since September 2022 but only 3% of members have made a new 6-month high
[Past performance is no guarantee of future results] 
Stronger finish for day and week with Energy leading today; Cons Discr and Utilities did not participate but former still holds onto relatively strong YTD gain … NASDAQ and Russell 1000 Growth continue to lead YTD while small caps (particularly Russell 2000 Value) lag #grownostr #currency #investing #Trade

March PCE #inflation +4.2% y/y vs. +4.1% est. & +5.1% prior (rev up from +5%); core PCE +4.6% vs. +4.6% est. & +4.7% prior (rev up from +4.6%) 
March PCE #inflation +4.2% y/y vs. +4.1% est. & +5.1% prior (rev up from +5%); core PCE +4.6% vs. +4.6% est. & +4.7% prior (rev up from +4.6%)
March PCE #inflation +0.1% m/m vs. +0.1% est. & +0.3% prior … core PCE +0.3% vs. +0.3% est. & +0.3% prior 
March personal income (blue) +0.3% m/m vs. +0.2% est. & +0.3% prior … spending (orange) 0.0% vs. -0.1% est. & -0.2% prior (rev down from -0.1%)
A #Bitcoiner is someone that has learned how to verify the truth for themselves.
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Stronger day with Comm Serv surging; now back in first place YTD while Financials continue to lag in last place … NASDAQ popped higher and has extended YTD gain to +16%; Russell 2000 Growth lagged today and is in second-worst spot MTD (middle of pack YTD)
#grownostr #investing #finance #nostr #btc #bank #stocks #stockanalysis 
April @KansasCityFed Manufacturing Index down to -10 vs. -2 est. & 0 in prior month … new orders, production, exports, and shipments all sank into contraction; prices paid ticked slightly higher; employment dipped into contraction for first time since June 2020
#grownostr #investing #finance #nostr #btc #bank #stocks #stockanalysis 
Reposting with correct “4.0” (not “4.9” as in initial tweet)
GDP Price Index reaccelerated in 1Q23 to +4.0% (q/q) vs. +3.7% est. & +3.9% in prior quarter
#grownostr #investing #finance #nostr #btc #bank #stocks #stockanalysis 
Reposting with correct “4.0” (not “4.9” as in initial tweet)
GDP Price Index reaccelerated in 1Q23 to +4.0% (q/q) vs. +3.7% est. & +3.9% in prior quarter
#grownostr #investing #finance #nostr #btc #bank #stocks #stockanalysis
March pending home sales -5.2% m/m vs. +0.8% est. & +0.8% prior … worst drop since September 2022
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Detailed look at GDP and prior quarters
#grownostr #investing #finance #nostr #btc #bank #stocks #stockanalysis

Index drawdowns table and “super 7” drawdowns chart updated thru yesterday’s close #grownostr

Government bond ETFs have retained highest share of inflows over past month (31.5%), followed by agg and corp bond funds ... large-cap equity funds were staging comeback earlier in month but have recently had outflows
@DataArbor #grownostr
