A calm day in macro. Every group stayed inside its usual pace. Seventh of eight asset classes today. Liquidity & financial conditions moved at 0.1× its usual pace, fiscal position at 0.0×, inflation at 0.0×, housing at 0.0×, and household credit & cash flow at 0.0×. The other two sat lower.
Quiet (0.1×)
The dollar moved from +0.1% to +0.0%. Net liquidity sits at $5.86tn.
Quiet (0.0×)
Debt-to-GDP held at 123% at the latest reading. That is its highest level in about six months.
Quiet (0.0×)
Headline CPI held at 333 at the latest reading.
Quiet (0.0×)
Housing starts held at 1.3m at the latest reading.
Quiet (0.0×)
Debt service ratio held at 11.16 at the latest reading. That is its lowest level in about six months.
Descriptive research, not investment advice