Are you ready for a bullish economic outlook? Fresh high for 4Q22 GDP estimate from ⁦
AtlantaFed GDPNow … model now at +4.4% (q/q ann.), driven by consumer spending, business investment, and net exports; residential investment still subtracting from growth.

What the mainstream media fails to grasp is that while most polls say that for Americans, #inflation is the most important issue, those same polls also said there would be a Republican red wave at the ballot box.

I expected the recession in auto sales to continue, but I'm happy to be wrong. October marked third straight consecutive month of year/year percentage increase in auto/vehicle dealer retail sales

Something to keep in mind. Republicans didn't split with Trump because of his criming ... his being a sexual predator ... kowtowing to the Russians ... stealing top-secret material, or inciting an insurrection at the Capitol. Republicans split with Trump because his candidates are losing elections. Most Republicans are just as awful as Trump, just more quiet about it.

Nominal #retail sales growth is outpacing #inflation. Again, not what you expect to see in a recession. Retail sales is blue, CPI (a standard measure of inflatioin) is orange.

While the broad economy is not in recession, housing certainly is. Prospective buyers traffic component within November ⁦
NAHB Home
⁩ Housing Market Index continues to sink and is firmly in recessionary territory

More signs of economic strength: Spending at restaurants is picking up. Doomsayers are eating crow.

The U.S. jobs market remains very strong. Claims for or unemployment benefits in mid-November fell slightly. Initial jobless claims at 222k vs. 228k est. & 226k in prior week; continuing claims at 1.425M vs. 1.41M est. & 1.49M prior (rev up from 1.439M)
https://www.marketwatch.com/story/jobless-claims-fall-slightly-to-220-000-but-labor-market-softening-11668692678

Be easy on the guy, his crush snubbed him.

Artemis blasted off for the moon last night. Photo by Dennis Hlavsa of Cocoa, Florida (I think).

Murdoch's New York Post covered Trump's campaign kick-off. You can see it at the bottom of the page: "Florida Man Makes Announcement." Oh, how times have changed.

#gasoline #prices

If you're looking for sectors that pay high dividends, here are the leaders: Real estate, 5.1%. Energy, 4.3%. Financials, 3.7%. Utilities, 3.3%. Coal actually pays higher dividends on average 6%, but it's a tricky market to invest in both financially and spiritually. I'd have to explain the difference betwen met and thermal coal. In any case, #dividends!

Why it's important to get new lithium projects going here in the U.S.

Another #Crypto brokerage implodes.

#Inflation in many other countries is much worse because their currences have fallen compared to the U.S. dollar. In Britain, inflation is running at around 11.1%. It's probably made worse by the actions of the Tory chucklefucks running the country.

Retail sales remain remarkably strong despite continued calls for recession. October retail sales +1.3% m/m vs. +1% est. & 0.0% in prior month; sales ex-autos +1.3% vs. +0.5% est. & +0.1% prior; sales ex-autos & gas +0.9% vs. +0.2% est. & +0.6% prior (rev up from +0.3%)

DIS-inflation is building in the pipeline. PI for intermediate demand rose by 10.1% y/y in October, continuing downtrend from peak of more than 25% y/y. The PPI is the Producer Price Index. Most of that will eventually work its way to the CPI (Consumer Price Index)

How is Russia getting around oil sanctions? It's Greek to me. Greek-flagged oil tankers, that is.

I usually associate #silver and miner outperformance (compared to #gold) with bull markets. Keep your eye on this.