Animal Spirits: What Will Perform Best in 2024?

Posted December 27, 2023 by sean

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Of course that’s your contention. It’s your first Xmas on Twitter. First you’re gonna start an argument about whether or not Die Hard is Xmas movie. Then you’re gonna be poking holes in the Home Alone plot. Next you’re gonna be regurgitating theories on Mr McCallister’s job… pic.twitter.com/crCwZJpkA5

— Ben Carlson (@awealthofcs) December 23, 2023

Core PCE inflation is up 1.87% at an annual rate over the last six months as of November. Between used car & truck prices and housing rents, there is room for inflation to remain benign. We continue to see the Fed cutting its policy rate in March. pic.twitter.com/BK3WNOTiJs

— RenMac: Renaissance Macro Research (@RenMacLLC) December 22, 2023

Wow. And there you have it. Six-month core PCE is at 1.87 percent, under the Federal Reserve’s 2 percent target.

I was cautiously optimistic about 2023 – I have some ‘soft landing’ blog posts from a year ago – but this disinflation is far beyond what I imagined. Let’s dig in. /1 pic.twitter.com/NvAa5lq7Sv

— Mike Konczal (@mtkonczal) December 22, 2023

Earnings breadth (the percent of S&P 500 with earnings growth) hit a cycle low in 2023 but broke back above 60% with the 3Q earnings season — creating a cycle breadth bottom that likely enables equity market recovery. pic.twitter.com/6HRG3eF3jL

— Gina Martin Adams (@GinaMartinAdams) December 23, 2023

These new S&P stablecoin reports are pretty good tbh.

Crypto won’t love the down-rating of Tether and DAI, but if you read through to the actual reports — and view it from a US-based institutional perspective — the analysis is reasonable.

Regardless, it’s great to see…

— Matt Hougan (@Matt_Hougan) December 19, 2023

Bought a primary house 2 weeks ago for our family of 6 during the “worst time to buy a house”

Our mortgage payment tripled (ouch) & rate is above 8% (lol)

Also sent over 4k letters to find a house. (Ended up a waste)

AMA

— Joe Cassandra (@JoeCassandra) December 11, 2023

The Lions have notified season-ticket holders that 2024 pricing will come with an average 30% increase, and as much as an 85% bump for certain Ford Field seats.https://t.co/QkUuJjQS1s

— Front Office Sports (@FOS) December 19, 2023

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On today’s show, we discuss:

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