The College of Michigan client survey is out for February. And an unpleasant survey is it! Shopping for situations for housing fell to 71 as The Federal Reserve continues it financial stimulypto!
Regardless of 7.5% inflation, The Fed continues its “Stimulytpo” financial coverage.
Because the US Treasury 10Y-2Y yield curve is slipping into darkness.
US client confidence is the bottom in 10 years because the yield curve crashes.
I’m reminded of my roommate at College of Wyoming who performed James Brown over and again and again. Very similar to The Fed doing nothing to curb inflation. Till they lastly do one thing with a crashing yield curve.