WE CLOSED BELOW THE 50 DAY MOVING 🐒!!!! pic.twitter.com/rHsBEIHHd8
— Win Smart, CFA (@WinfieldSmart) August 15, 2023
Dramatic rallies on the way down always arrive when people least expect them.
VIX options expiration tomorrow. Direction can change quickly. t.co/g8Pkm8onIu pic.twitter.com/NeIg3PDN3H
— Financelot (@FinanceLancelot) August 15, 2023
10Y3M spread -124bps, -118bps at high today pic.twitter.com/bFg3mNdEgI
— Don Johnson (@DonMiami3) August 15, 2023
Not a pretty day for bulls. pic.twitter.com/SxAjG9l4tX
— Mac10 (@SuburbanDrone) August 15, 2023
Steps:
1) Credit downgrade so nations dump US treasuries
2) Rapidly raise rates
3) Restrict swap lines causing Dollar shortage
4) Stage "incident"
5) Dollar skyrockets
6) Panic spreads to financial system
7) Nations collapse
7) Print trillions & buy your cheap debt
8) Great Reset— Financelot (@FinanceLancelot) August 2, 2023
When regional banks are hammered the whole week and Janet Yellen is on TV talking about her shroom trips and lying about the stability of the banking system pic.twitter.com/stl2CWe8Ly
— Don Johnson (@DonMiami3) August 15, 2023
The percentage of credit card debt more than 30 days past due is up for 6 straight quarters.
Delinquency rates have nearly doubled since their recent lows and now stand at their highest since 2020.
All as credit card debt crossed $1 trillion for the first time in history.… pic.twitter.com/zTHWTlfDww
— The Kobeissi Letter (@KobeissiLetter) August 15, 2023
BREAKING: The S&P 500 has now lost $850 BILLION in market cap since JP Morgan said they no longer expect a recession.
It has only been 10 days since JP Morgan announced their new view.
Is this a coincidence? pic.twitter.com/srZQl2KFM3
— The Kobeissi Letter (@KobeissiLetter) August 15, 2023
Some economists expect US consumers to stop spending so much starting in October, when student loan repayments restart after a 3-year hiatus. But a survey shows 45% of borrowers expect to "go delinquent" & they won't be penalized for 12 months. t.co/9nIvyS6Sfm
— Lisa Abramowicz (@lisaabramowicz1) August 15, 2023
Layoffs in last two days
– Spectrum: 300
– WellMed: 1000+ per insider
– Thermo Fisher: 205
– Wells Fargo: 80
– Webhelp: 150
– FedEx: 843
– MonoSol: 45
– Centerra: 63
– Phillips 66: 100
– CVS: Layoffs have begun ~approx 5,000
– SecureWorks: 322— MacroEdge (@MacroEdgeRes) August 15, 2023
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