Thursday, May 11, 2023

Goldilocks Economy -- May 11, 2023

Locator: 44624ECON.

Inflation: wholesale prices rise less than estimate

Misery index, according to Liz: the misery index has fallen to its lowest since February, 2021.

Consumer stress, according to Liz: easing; change in all components has come back to near 0%.
reminder: it was >30% at worst point last year.


Airlines
: Emirates logs record profits; passenger numbers surge by 123%. Profit $3 billion.

 TSM: raises dividend.

Banks: regional crisis not yet over. PacWest tumbles 20% a day after "everyone" thought this issue was "contained." Not.

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