Bearmageddon - Install from Telaviv.org

Good Morning from #Germany where price pressure keeps rising. Germany's import prices climbed by 17.7% in Sep on an annual basis, most since 1981, but latest import figure missed the estimated 17.9% increase. https://t.co/OD1NnebTKc

MA breadth charts updated thru yesterday’s close (wide Energy - Communication Services divide persists at sector level) https://t.co/OFlZdEW5w4

Comeback in commodities has correlations within asset class strengthening again; 1m correlations back above 40% while 3m correlations have bottomed and have turned up ⁦@DataArbor⁩ ⁦@Bloomberg⁩ https://t.co/qA9cKa9tvA

Record 149 companies have joined high-yield bond market this year—13 of which have been in October ⁦@lcdnews⁩ ⁦@FT⁩ https://t.co/rID2wi2KhX

Per latest ⁦@Conferenceboard⁩ data, spread between high- and low-income individuals’ confidence still low relative to history and pre-pandemic territory, but hasn’t revisited its pandemic low and is broadly recovering https://t.co/J92eA4iIYV

Since CPI’s pandemic bottom in May 2020, used car (blue) and lodging (orange) prices have soared, but have rolled over a bit; stickier areas like owners equivalent rent (purple) and food away from home (white) are steadily increasing https://t.co/9ezB0Q3y5b

Except for September, Russell 2000 has underperformed S&P 500 every month since February [Past performance is no guarantee of future results] https://t.co/ceYGkSbAsT

No slowdown evident in consumers’ ⁦@Google⁩ searches for going out … activity related to car rentals, flights, hotels, etc. has been picking up ⁦ @DataArbor⁩ https://t.co/WgMLue8LVQ

A welcome improvement: ⁦@RichmondFed⁩ Manufacturing report for October shows some improving sentiment around difficulty in finding qualified/skilled labor … still in negative territory but trend is improving https://t.co/tRYXCIVLIF

Many factors to consider, but surge in asset prices has likely kept some workers (particularly those skewing older) from returning to labor force … household net worth is 786% of disposable personal income https://t.co/D5ZQSJGvhN