Goldilocks -- No Hard Landing, No Soft Landing -- It Was A Touch And Go -- Only Question: Rate Of Climb -- Another Go-Around Or To Infinity And Beyond? April 3, 2024

Locator: 46901ECON.

1. Exhibit A, link here. And, here.

2. Exhibit B, link here.

3. Exhibit C, jobs:

4. Exhibit D, GDPNow:

5. Exhibit E, oil:

• too expensive for Biden to refill
• Mideast heating up -- that Israeli attack on Damascus consulate killing top three generals just beginnning to sink in
• gasoline surging; summer driving season has not yet begun

6. Taiwan earthquake, transient effect on chips

• less than 12 hours later, TSM surges

7. Bottom line, June, 2024:

• US economy on fire
• China becomes more and more irrelevant
• no Fed cut in June; no Fed cut this year
• Biden to tap SPR again this summer
• WTI trends toward $90 and that could be way too cautious