US UMich sentiment survey the worst of both worlds

Link to slide deck: https://bit.ly/3pIVWto   -

Today we note the release of the preliminary University of Michigan sentiment survey, which showed the expectations component tanking badly while longer term inflation expectations suddenly ticked higher to their highest since 2011. Elsewhere, we note huge US credit growth as a possible sign of distress, the important macro data and earnings reports in the week ahead, the lack of a notable animal spirits in either direction in equities and much more. Today's pod features Peter Garnry on equities and John J. Hardy hosting and on FX.

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Intro and outro music by AShamaluevMusic