Corporate bankruptcies and defaults accelerating, unemployment continues to rise, and spreads blow out. Especially, after Powell said “we’ve avoided recession” and S&P Global is expecting the speculative-grade default rate to fall to 3.5% by September 2025.
Moody’s pointed out… https://t.co/9tn3htvQQI pic.twitter.com/kPNU1t3OTz
— WarnTracker 2.0 (@j77324) December 21, 2024
This is concerning:
Non-farm payroll employment in Q2 2024 actually declined by -0.1% instead of growing +1.1% as initially reported by the BLS.
In other words, the 442,000 jobs added in Q2 will likely be revised NEGATIVE in February 2025, according to Philadelphia Fed… pic.twitter.com/Zqur7z9lAf
— The Kobeissi Letter (@KobeissiLetter) December 21, 2024
🚨US MANUFACTURING JOB OPENINGS ARE PLUMMETING🚨
Job openings in the manufacturing sector fell to 465,000 in October, the lowest level since the 2020 CRISIS.
Over the last 2 years, manufacturing job openings have HALVED.
They are below the 2018 levels.
Job market is weakening pic.twitter.com/sG6qNe0Dkt
— Global Markets Investor (@GlobalMktObserv) December 15, 2024
The biggest theme for 2025 will be inflation and rate cut expectations.
As governments keep spending and central banks keep printing and prioritizing liquidity, the risk of stagflation rises.
Graph by Apollohttps://t.co/oCbZ3Xzii5 pic.twitter.com/9bk3wjRicE
— Daniel Lacalle (@dlacalle_IA) December 21, 2024
Let’s deny this too. https://t.co/HQAm9J8Q1e
— Danielle DiMartino Booth (@DiMartinoBooth) December 20, 2024
American Freight and Big Lots Bankruptcies Push Total Closed Retail Space to 116 Million Square Feet
Announced store closures by American Freight and Big Lots in November have pushed planned total closed retail space for 2024 to just over 116 million square feet, according to Coresight Research estimates.
Discover US retailers’ latest store closure and opening announcements, as well as the square-footage impacts of these developments.
This report is part of our monthly US Store Tracker Extra series; we offer insights into announced developments as of November 29, 2024.