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- S&P 500 rises by 3% this week on hopes inflation is gone and interest rates won't go up much more

- CPI & PPI inflation data comes in much lower than prior months

- US Dollar Index may have peaked as the ECB & BOE have more room to raise interest rates

- Coinbase / Wynn / Bumble / Roblox earnings miss while Disney / Dutch Bros / H&R Block report strong earnings quarters

- There a two different consumers in this market - the lower class and lower-half of the middle class/the upper-half of the middle class and upper-middle class

- Businesses that cater to the lower-end consumer may be safer investments than investors are discounting as they will gain more market share in a recession as consumers trade down to less expensive goods/services

- Investors are selling bonds for the wrong reason as the bond market flashes signs of a deeper recession on the horizon

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- July Non-Farm Payrolls beat expectations by a wide margin as people take part-time jobs

- JOLTS jobs report and labor force participation destroys strong labor market narrative

- Average hourly earnings up 5.2% year-over-year while inflation is up 9.1% year-over-year

- 233 million credit cards were opened in Q2 as household debt skyrockets to record $16 Trillion

- DoorDash beats on revenues, misses on earnings 

- Cloud businesses (Google / Microsoft / Amazon) could see big slowdowns in revenues

- S&P 500 is no longer diversified as top 6 stocks make up 25% of the index, creating systemic market risk

- Most value stocks remain undervalued 

- Bonds are return-free risk

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- Walmart misses earnings on slowdown in consumer discretionary spending

- McDonald's, Chipotle, Newmont all experiencing higher labor costs despite decline in real wages

- New & Pending Home Sales Data comes in at worst levels in over a decade

- US economy is officially in a recession

- Apple earnings and a dovish Fed allow markets to rally for the stock market's best week since 2020

- The Fed will now remain data dependent for raising interest rates to stop inflation as US economy continues to weaken

- Tons of US economic data releases this week show economy will continue to experience much worse recession

- Inflation is going to get much worse despite recession and economic slowdown

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- ECB increases rates by 50 bps as eurozone reports 8.6% inflation

- Earnings continue to slow for majority of corporations

- Housing market starts to slow along with auto sector

- The more interest rates increase, the worse this recession is going to get

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- Stocks rally on recession warning signs as markets hope a recession can cure inflation

- CPI shows an annualized 15.6% rate of acceleration in prices, June prices rise 9.1% year-over-year

- Inflation is eating most of the disposable income for middle-class consumers

- Auto stocks face serious problems moving forward with tightening credit conditions

- Yield curve inversions in the bond market signal recession, bonds still not pricing in long-term inflation expectations

- Investors don't seem to understand supply and demand economics

- A significant spike in interest rates would lead to a substantial increase in unemployment

- The next recession will be anything but mild, much more severe than investors expect

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- Recession warning signs cause stocks to rise on the week in hopes the Fed can slow down its inflation fight and revert back to stimulus

- June non-farm payrolls come in higher than expectations as unemployment rate is unchanged, job openings remain above 11 million

- Consumer credit numbers drop significantly from last month, slowing recession signs

- The recent move in the US Dollar Index shows market sentiment is fearful as traders brace for recession

- US economic activity is highly dependent on China's GDP

- Sri Lanka has sovereign-debt crisis as their currency experiences hyper-inflation

- Free trade enables the world to become wealthier, but bad actors can cause pain on emerging market economies

- S&P 500 has worst 6-month start to year since 1970 

- Bond on pace for their worst year in history

- S&P 500 has gone from trading at 36x earnings to 17x earnings in past 12 months

- Corporate earnings likely to contract with lower margins and financially weaker consumers

- The Fed will care about the stock market if it drops another 20% from here

- A Fed pivot to stimulate the economy will likely be bearish for growth stocks

- Recessions only do not cure inflation

- $DXY rally is not sustainable on a long-term basis

- Biden announces that he will be prompting Congress to suspend federal gas tax

- Democrats want Green New Deal policies until it hurts their pocketbooks

- Oil prices sell-off on recession fears

- Oil supply will remain extremely tight for years

- A lack of capital investment in energy and materials companies is fueling shortages in the economy

- We are heading directly into stagflation, where recession and inflation will get much worse together

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- Fed raises rates by 75 bps, still gives dovish outlook for future interest rate decisions

- Retail sales decline by 0.3% for May

- The Fed will likely only raise rates so long as the unemployment levels remain low

- Major real estate brokerages join in on crypto and fintech companies on announcing major lay-offs/hiring freezes

- There is a lot of complacency regarding the current consumer credit bubbles

- Only 6% of 2700 ETFs have seen returns higher than the CPI over the past 12 months

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- Stocks and bonds get clobbered on WSJ article anticipating 75 bps rate hike Wed

- 496 of 500 of the S&P 500 stocks traded lower on Monday, cyclical stocks leading the declines

- Bonds are now down 11% YTD, 8% more than their worst year ever

- Home ownership costs are up 21% this year and mortgage rates are twice as high as they were in 2021

- Gold is outperforming the S&P 500 by 19% in 2022

- Cryptos are the worst performing asset YTD

- The Fed will likely give up their inflation fight if recession becomes more severe