The Empire Manufacturing Survey, the first of the major US regional PMIs to report for November, surprised to the upside on Monday at 18.7 versus 5.8 expected and up from 10.7 last month.   We’re still waiting for the rest, but I’ve been flagging in MIT that a pick-up was likely

Julien Bittel, CFA @BittelJulien ·
The Empire Manufacturing Survey, the first of the major US regional PMIs to report for November, su…

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    Jeff Gundlach laid out the Fed's dilemma this week: Hike, and the interest bill on all that short-dated debt balloons. Cut, and inflation reignites. He’s right. But I think it’s t…

    Julien Bittel, CFA @BittelJulien ·
    Jeff Gundlach laid out the Fed's dilemma this week: Hike, and the interest bill…
  2. #2

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    Julien Bittel, CFA @BittelJulien ·
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  3. #3

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    Julien Bittel, CFA @BittelJulien ·
    This chart probably best encapsulates the story of 2025. It’s a chart I shared…
  4. #4

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    Julien Bittel, CFA @BittelJulien ·
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    Julien Bittel, CFA @BittelJulien ·
    I wanted to give everyone something meaningful, a gift… This comes from Global…I wanted to give everyone something meaningful, a gift… This comes from Global…I wanted to give everyone something meaningful, a gift… This comes from Global…I wanted to give everyone something meaningful, a gift… This comes from Global…
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    Julien Bittel, CFA @BittelJulien ·
    Everyone is suddenly back to debating who to unfollow because this whole space…Everyone is suddenly back to debating who to unfollow because this whole space…

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