US complains about China "goods" trade imbalance yet 🇨🇳 offers saturated 🇺🇸 Corps (service & goods oriented) growth outlet as likes of $SBUX & $MMM show👇. Whiners x.com/takis2910/stat…

US consumer "goods" growth continued in 2Q'25 to ramp faster than "services". Clearly brought fwd demand which now fades somewhat (monthly trends) but hardly crying out for lower #Fed rates (even when ignoring stickyflation). 🇺🇸 Crying wolf #Aesop

Global flight travel growth descended in June to lowest pace of 2025 according to IATA with 🇺🇸 being main drag (Middle East due to 🇮🇷). July will likely be seen to contract (improved of late). Crucially US ✈️ load factors remains weak (dom. & int'l). Fatigue #aviation

Collecting data to model Corps across 🌍, I can attest BLS-Labor Statistics is as perfect as can be given constraints. Fact they take trouble to correct themselves should be applauded NOT vilified. Ironically yday revisions (gvt related) make case for #Fed cut. 🇺🇸 Undermined. View🏝️🇬🇷

ISM services prices paid implies renewed 🇺🇸 core PCE deflator momentum to pre-occupy #Fed. Sticky (inflation)🙈🙉🙊

US private employment trends as viewed from BLS-Labor Statistics & Institute for Supply Management perspective. Bet Trump prefers "rigged" 🇺🇸 gvt data rather than PMI take. Deviant

European new 🚗 sales appear to have risen by 4% y/y in July, reversing June's -5% contraction. 🇩🇪 automakers lead charge ( $VOW $BMW $MBG), despite 🇨🇳 gains with 🇯🇵🇺🇸 losing market share ( $TSLA -44% y/y). Note 🇩🇪 car output & exports accelerated last month 9% & 7%. Uber alles

French 🏭 activity as seen from INSEE hard data pov and 🇫🇷 PMI survey soft perspective. N'importe quoi 🥐

US "sticker" auto inflation accelerated by 1.5% in July according to Kelley 📘. Most popular 🇺🇸 brand $GM raised prices by 4.1% y/y, compared to 🇯🇵 $TM modest 0.6% rise. Notably $STLA & $TSLA both cut ASPs aggressively (anagrams suffer 💩 sales). Steer 🚗

US retailers' inflation continues to accelerate, albeit by 1.1% y/y. Couple of factors worth considering (1) falling ⛽️ prices and (2) declining 🇺🇸 goods demand👇. Context Apols for frugal CPI analysis - busy 🇬🇷 vacationing. 🙏 x.com/takis2910/stat…

Seeing different kinda waves rn 🇬🇷Aegean & 🇺🇸 #Trumpflation (Imo US needs latter like whole in the head)

US retail activity in July slowed to 2.8% y/y, shallowest pace since Sep'24. 🇺🇸 goods inflation rising (and wholesale prices imply > to come). Consider 🇨🇳 retail activity is 4.1% y/y (nominal 3.7% less -0.4% goods deflator). US admin wants China to grow even faster. Altruism🤪

US DIY retailers saw sharp decline in July activity as sales fell -2.6% yet prices rose 2.6% (ie. vols -5.2%y/y). Both $HD & $LOW may still beat analysts' 2Q'25 EPS 🎯 but will be amazed if they continue to improve 🇺🇸 margins going forward. Deconstructed👇 x.com/takis2910/stat…

Greece - had longest 🇬🇷 holiday in very long time. Visited Peloponnese, Pilion, Thessaloniki & Paros. Each place offered a unique experience but now itching to get back to work and add some value. Recharged⚡️ #VisitGreece 💪🏼❤️🙏🏼

Home Depot misses 2Q'25 top & bottomline and margins yet $HD management refuses to lower FY25 🇺🇸 guidance. Ballsy or foolhardy? #InTheMoney 😜 x.com/takis2910/stat…

US #housing starts jumped in July, 10% more than consensus . Am not surprised by direction as 🇺🇸 major homebuilders net orders decline moderated, but maybe scale of rise. Managed (supply)👇 x.com/takis2910/stat…

Walmart 2Q'25 avg ticket prices firm to highest pace since 2Q'23 as transactions slow to shallowest y/y rate in ~3yrs. $WMT seems to have lost ability to outperform 🇺🇸 retail benchmark. Costly. Caveat: am not cool with 2-axis comp

S&P Global's 🇺🇸 PMI firming up (in contrast to ISM surveys). Given how lousy they've both been wrt gauging growth i'd handle them with care. As much as folks like to undermine US agencies' hard data👇, I lean on them (n' granularity they offer). Go quant ! x.com/takis2910/stat…

Global growth is actually accelerating - just to contextualise Powell's shift. #IMF raised WEO for '25 by +20bps to 3.0% few weeks ago (institution tends to cut outlook over summer last 15yrs). Of course 🇨🇳🇸🇦🇳🇬🇲🇽 led 🌍upgrade. Direction

European new 🚗 sales will be seen to have risen last month 👇 as BEV demand surges 30%. Tesla hasn't joined ⚡️party with Musk a/c <1% of new 🇪🇺registrations. Folks might deem $TSLA an AI corp but it still needs to shift platform for tech access. Vehicle x.com/takis2910/stat…