This Just Confirmed Everything

Companies around the economy are increasingly warning about the negative effects of the goods recession, one after another missing revenue and sales targets/expectations. The latest from several of the largest global businesses point to deepening macroeconomic setbacks. Even the automobile industry is showing signs of serious weakness, starting with pricing. No surprise commodity markets are sharply lower in spite of supply factors as the downturn is set to spread.Eurodollar University's Money & Macro AnalysisBloomberg Markets Tear Up Popular Trades That Reached ‘Stupid Levels’https://www.bloomberg.com/news/articles/2024-07-25/everything-you-thought-you-knew-about-2024-markets-has-changedEuroNews Nestlé downgrades sales outlook and looks to new products for growthhttps://www.euronews.com/business/2024/07/25/nestle-downgrades-sales-outlook-and-looks-to-new-products-for-growthCNBC Unilever pops 6% on margin guidance raise, Ben & Jerry’s spinoff on track to complete by end of 2025https://www.cnbc.com/2024/07/25/unilever-pops-6percent-on-guidance-raise-says-ben-jerrys-spinoff-on-track.htmlSTMicroelectronics Reports 2024 Second Quarter Financial Resultshttps://investors.st.com/static-files/9f07c6a1-5da9-49cf-8a95-4c301436fb0bThe Detroit News Ford CFO says growing dealer inventory 'worries me'https://www.detroitnews.com/story/business/autos/ford/2024/06/11/ford-cfo-john-lawler-growing-dealer-inventory-worry/74056579007/J.D. Power-GlobalData U.S. Automotive Forecast for July 2024https://www.morningstar.com/news/business-wire/20240726147635/jd-power-globaldata-us-automotive-forecast-for-july-2024CNBC U.S. crude oil on pace for third weekly decline as China demand outweighs U.S. growthhttps://www.cnbc.com/2024/07/26/crude-oil-prices-today.htmlCNBC U.S. crude oil falls nearly 2% to lowest levels in six weekshttps://www.cnbc.com/2024/07/23/oil-prices-drop-to-lowest-levels-in-more-than-a-month.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU