🚨CRASH ALERT 🚨
1929 VS 2024
Don't be alarmed. it gets much worse.
A complete financial cleansing is overdue. pic.twitter.com/UvCoPZdpDp
— The Great Martis (@great_martis) June 27, 2024
This is the biggest election year stock market rally since 1976. But, I've noticed the year isn't over yet. t.co/bgoSuktan8 pic.twitter.com/WNOBs7CgmQ
— Mac10 (@SuburbanDrone) June 26, 2024
2/ The Hindenburg Omen was developed in 1937, giving us almost 100 years of data to evaluate its effectiveness
It has signaled important peaks on the NASDAQ 100, including 1987, 1999, 2007, and 2021 pic.twitter.com/u0C9SwhzQw
— Game of Trades (@GameofTrades_) June 26, 2024
This is the steepest contraction in global central bank liquidity we've ever seen. t.co/Tx5dLunWew pic.twitter.com/5Gd2GF690U
— Financelot (@FinanceLancelot) June 26, 2024
Bond erosion accelerates.
This, not good.
This, very bad. pic.twitter.com/wLuz3yIKSm— The Great Martis (@great_martis) June 27, 2024
Today was another one of those summer days when the market was barely even open.
Here we see via semiconductors that the last two major pullbacks in 2022 and 2023 pulled back below the 200 dma. In 2022 they continued lower, and in 2023 they continued higher.
That would be -30%… pic.twitter.com/UhHMBhbjvh
— Mac10 (@SuburbanDrone) June 26, 2024
Dow jones
Update
Bloodbath pending.🚨
Soap wont be needed.
Read carefully, carefully study.
Wont be long . pic.twitter.com/0szkFMc8qz
— The Great Martis (@great_martis) June 27, 2024
US Continuing Jobless Claims Hit Two-Year High, Signaling Labor Market Shift
The latest US labor market data shows a mixed picture, with recurring jobless claims rising to 1.84 million in mid-June, the highest since late 2021, suggesting longer job search periods for the unemployed. While initial claims slightly decreased to 233,000, the overall trend indicates a softening labor market. The unemployment rate has increased to 4%, and hiring has slowed significantly compared to the post-pandemic recovery period. Economists and Federal Reserve officials are closely monitoring these trends to assess the labor market’s resilience and potential future developments.
LA’s Housing Crisis: 97% of Residents Priced Out of Homeownership
Los Angeles is facing a severe housing affordability crisis, with only 2.8% of non-homeowner households able to afford a typical mortgage. This crisis is driven by high mortgage rates, extreme lack of housing supply, and soaring home prices. The median home price in LA has surged to $1,050,000, more than double the national median. Factors contributing to this crisis include strict zoning laws, high construction costs, limited land availability, and wage growth that hasn’t kept pace with housing costs or inflation. The situation is so dire that the household income needed to afford a median-priced house in California is $197,057, more than twice the average household income in the city.
This Recession Indicator With a 45 Year Track Record Just Rolled Over…
Dive into the stark realities of current U.S. economic policies with Alan Hibbard in this eye-opening analysis.