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The Bloomberg ECO US Surprise Index has risen to the highest since February 2021. “These just aren’t the sorts of numbers you see in an economy careering toward a recession.”

00:01 - 05/07/22

Americans are eating out more than pre-Covid pandemic, per Bloomberg

Fed Funds Futures are now pushing out the first cut to May of 2024!

Despite the lower inflation trend, market is still pricing in an 87% probability that that Fed hikes again at the July meeting, 25 bps increase to 5.25-5.50%.

The iPhone maker added more than $983 billion to its size this year, leaving it roughly a half-trillion dollars above the next-largest company