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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 11h

GS: Mortgage Rates Have Risen More Than 1pp Since February, Leaving More Than 90% of Borrowers With Rates Below Current Market Levels and Discouraging Them from Moving The 5 Ds eventually leave their mark, though

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 12h

GS: If Current Market Rates Persisted, Nominal Interest Expenses as a Share of GDP Would Increase Sharply Over the Coming Years, and the Debt-to-GDP Ratio Would Reach 132% by 2035, 10pp Higher Than in Our Baseline

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 12h

Near $7 diesel around parts of the Great Lakes... $5 handles here in Florida GasBuddy $8+ in California

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 12h

Goldman sees 2027 US real GDP growth of 2.2% Headline & core CPI inflation of 1.9% So, call it, 4.1% nominal growth in the out year... about all that talk of "7% nominal growth" $TNX "we expect higher rates to subtract about 0.2pp from GDP growth in 2027 on a Q4/Q4 basis"

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 12h

GS: On net, we estimate that higher rates will slow consumer spending growth by about 0.2pp in 2027.

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 12h

18z GFS not playing around... Friday evening... formidable hurricane if this plays out #natgas $UNG

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 13h

Any other Decennial Cycle fans out there? Years ending in 7 (sometimes pre-election years) are strong through early Q3 @seasonax

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 13h

Dollar $DXY $USD bullish 3 white soldiers on the weekly... good enough for a breakout (and an upside target of 108.50?) hmm More from me on @stockcharts... articles.stockcharts...

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 14h

$EWZ Brazil best day since March 2020... more from me on @seekingalpha seekingalpha.com/art...

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 14h

$SPCX sneaking up on $AMZN in market cap

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 14h

$TLT couldn't quite get to the HoD

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

$IWM up 3 days running... but not done with the downtrend yet More on the smalls from me at @stockcharts: articles.stockcharts...

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

Diesel futures trending down for the last 3 weeks. Good news. $5.28 to $4.49

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

7.61% mortgage rate... highest since November 2023

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Reposted by Mike Zaccardi, CFA, CMT

National Hurricane Center @nhc-atlantic.extwitter.link · 16h

100PM CDT: Here are the Key Messages for Invest #92L located over the southwestern Gulf of America. For the latest updates on this disturbance visit t.co/GrztW6mQJV 🔗 hurricanes.gov

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

Yields up, stocks up and.. in the last 45 minutes... yields down, stocks up

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

Now an 80% chance of development with that system in the Gulf #natgas $UNG $USO @weatherchannel

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

77% New Lows, 23% New Highs 69% of stocks < 50dma 59% < 200dma With the S&P closing in on a record high @finviz_com

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

Checking in on the S&P 500 new lows list.. $LEN $LULU $LOW $PEP $AZO

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 15h

Best NH fall foliage in 20+ years, they say Jim Cantore @weatherchannel

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 16h

It's time to go back to #ChartSchool... Three White Soldiers: The Bullish Signal Flashing Across Markets My Monday @stockcharts Technical Take! $TYX $SMH $DXY articles.stockcharts...

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 16h

After today, it'll be $AGG's 2nd-worst YTD (since 2003) 2022 won't be rivaled, of course @stockcharts

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 17h

S&P 500 on the verge of a record high... as Treasurys sink

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 17h

5.70% on the 30yr yield $TYX $TLT and stocks are loving it $SPY

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 17h

Rates up, stocks up... only $XLRE is lower

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 17h

The consensus sees 2-2.25% US real GDP growth next year + 2.5% inflation GS

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 18h

$GS was +31% on the year in July Now +2%

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 19h

The 1-month performance heat map is a bit striking

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 19h

Since July 29: $XLK +21% $SPY +6% 7/11 sector ETFs red ( $XLU $XLRE -10%)

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

Russell 2000 barely hanging onto its YTD lead over the SPX... back positive this morning

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

ISM Services prices paid 74.0 highest since June 2022

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Reposted by Mike Zaccardi, CFA, CMT

Sam Ro @tker.co · 20h

"FRED traffic has always tended to grow each year, but the pace has picked up since the advent of AI. It is presently growing 150 percent a year, with most of that growth from AI and bots." Fed's Waller via The Transcript thetranscript.substack.com/p/10-05-2026...

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

S&P Global US Services PMI: The sector's strong growth was accompanied by substantial price pressures, with input cost inflation accelerating to its fastest pace since November 2022.

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

S&P Global US Services PMI Sharpest rise in service sector business activity since July 2021... Activity surges higher as new order growth hits a four-and-a-half-year high Rate of job creation strongest since June 2022... Input cost inflation reaccelerates

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

This would be Consumer Discretionary's 9th straight down week $XLY Staples & Real Estate working on 8-week losing streaks $XLP $XLRE

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

Small-cap value deeply red amid the rate rise

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

$MOVE rate vol, near the highest since April 2025

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

More bear steepening... 2s10s up 3bps to 48bps

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

EURUSD now below $1.12 $DXY rips +0.4%

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

$SPCX +3%... a 3-month high +57% from its August low

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

SMIDs lagging, transports down, rate-sensitive sectors red... bad breadth

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 20h

...and back to your regularly scheduled mega-cap tech dominance

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 21h

$AGG YTM is very close to eclipsing its duration... that means even a 1% rate rise would yield a positive total return (barring defaults) over the course of a year.

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