EJ Antoni

RT @FoxNews: "As for Mr. Musk and his many companies, they have bright futures because of their leader’s proven track record of success." -…

RT @FoxNews: "DOGE has been successful in two key areas. First, sunlight is the best disinfectant, and the Department has cast blindingly b…

RT @FoxNews: "DOGE has made remarkable progress, yet they’ve still only scratched the surface." @RealEJAntoni dives into @DOGE and what co…

Treasury cash is now below $400 billion X-date estimate: Jul 30 https://t.co/5kXomb7jFp

The volatility in financial stress continues, w/ the index spiking last week, though still remaining below the long-run average; btwn the changes in the BBB and the on-again-off-again tariffs, it's getting to be a lot... https://t.co/esTF2sLqPa

CLV Fed: although headline PCE and core PCE price indexes have fallen significantly the last 2 months, median PCE in Apr was stuck at 3.0% Y/Y for the 4th month in a row; the decline in inflation is not yet widespread: https://t.co/mWVVYjpIoy

PHL Fed: alternative economic measure called GDPplus is positive for Q1 at +1.2% despite GDP and GDI each coming in at -0.2%, providing further evidence that the economy likely did not contract: https://t.co/OYusYk2Ov5

Initial UI claims in the Deep Tri State spiked to 8,848 this past week, the highest since Jan '22; weekly claims this year are averaging almost 7,100 compared to about 4,900 in the prior 3 years - @DOGE is working: https://t.co/Jf4jgO4HEN

Unemployment insurance claims ticked up last week w/ initial claims nearing 250k and continuing claims climbing over 1.9 million to highest level since Nov '21; despite the increases, these are still relatively low levels: https://t.co/aCYea3q9Qu

*millennium

zerohedge @zerohedge

Best month of May for the market this century https://t.co/tzROCnjfXI

RT @RudyHavenstein: Quite some Chutzpah to refer to a $230B loss as a "deferred asset."

Unrealized losses at banks have shrunk to $413 billion but FDIC notes "increases in longer-term interest rates since the end of the first quarter would likely reverse most of these improvements in unrealized losses if measured today" - so Q2 will likely be worse: https://t.co/37F4j0yj2L

End-of-month spike in reverse repos largest since Mar; w/ Fed refusing to cut rates, balance sheet runoff having slowed to a crawl, and debt ceiling in effect, we may not see a complete drain for quite some time as the Fed works to maintain an interest rate floor: https://t.co/eOgOr0m2iG

Apr annual core PCE inflation was just 2.5%, the slowest since Mar '21; this is also the second month in a row where prices rose a mere 0.1% M/M, which will bring us in below the Fed's 2.0% target on this key inflation gauge: https://t.co/kDkVJIY0ng

Savings rate has jumped from 4.1% in Jan to 4.9% in Apr, a gain of 0.8 percentage points or almost one-fifth! Amazing what happens when your income is not consumed by runaway inflation... https://t.co/2RnrS2wXlM

Annual inflation reading from PCE price index fell to 2.1% in Apr, tying Sep '24 print; have to go all the way back to Feb '21 to find lower annual inflation rate; also note that when inflation fell this close to the 2.0% target last Fall, Powell cut rates, but that was Biden... https://t.co/RekUTbkXws

Prices rose just 0.1% M/M in Apr according to the PCE price index and are up a mere 0.5% since Jan; in that same time, incomes rose 2.3% - a fabulous start to Trump's 2nd term: https://t.co/otpy8EQAmy