Oz Blog News Commentary

Brace for corporate misery

August 16, 2022 - 14:30 -- Admin

BofA with the note. I will add that higher inventories meeting weakening demand is not a recipe for good profits. Not everything is about the second derivative Waning demand and pricing power plus continued wage pressure do not seem like reasons to celebrate. But Wednesday’s weaker CPI (note)(a mere 53bp drop) was met with applause–peak

The post Brace for corporate misery appeared first on MacroBusiness.