Simon Hunt Strategic Services for Global Economics & Commodities
Newsletter No. 99 - A Global Roundup
“The story out there that Microsoft is canceling A1 data center leases according to a Cowen report gives me more reason to believe that a stock market regime change is upon us where the A1 trade no longer dominates and the Deep Seek news was a gamechanger in terms of the global view of it.” Peter Boockvar, The Book Report, 24th February 2025
“In February, consumer confidence registered the largest monthly decline since August 2021. This is the third consecutive month on month decline, bringing the index to the bottom of the range that has prevailed since 2022. Of the five components of the index, only consumers’ assessment of present business conditions improved albeit slightly. Views of current labor market conditions weakened…Pessimism about future employment prospects worsened and reached a ten-month high.” Stephanie Guichard, Senior Economist, Global Indicators, the Conference Board, 25th February 2025
“Monthly non-farm payrolls – the barometer of US economic health watched closely by markets – could turn viciously negative by late spring, contracting at rates surpassed only during the worst months of Covid and the Lehman crisis in 2008.” Professor Jesse Rothstein, Berkeley University, former Chief Economist, US Labor Department, 25th February 2025