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Value vs. Growth

00:01 - 16/01/23

 

 

 

Core goods CPI seeing rapid disinflation (blue) while core services (orange) is taking longer to roll over (actually moved higher y/y in December)

 

 

 

Overtime hours have historically been a good indicator for economic activity. They're not looking good:

 

 

 

December’s -14.9% year/year drop for used car prices per Manheim_US was worst ever in history of data

 

 

 

Frankfurt airport monthly cargo volumes & German manufacturing new orders both rolling over sharply...

 

 

 

 

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