End week chart/s. 'Stagflation lite' or just an almighty mess brewing?


Chart 1

Chart 2

Chart 3


Chart 1.

West Texas Immediate (white line)

10 YR yield (green line)

U.S. inflation y/y (orange line)

Separate pane:  U.S. Dollar (yellow line)

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WTI is bid at 82, sitting above its support of 70

10 YR yield now at 4.1%, tracing 2022 highs.

U.S. inflation has collapsed to 3.2% but still remains elevated, probably due to the cost pressures of energy inflation still lingering.

USD bid, tracking elevated yields.  

Market is still pricing liquidity tightening for 2023 and 2024.

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Chart 2.

China deflation.

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Chart 3.

Ballooning U.S. credit card debt.  (Interest rates hikes and what was the effect?) 



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