WARNING: Default rate on consumer loans have now hit the highest level in a decade
Such aggressive rises have systematically ended in recessions since 1987
At this rate, history is about to repeat again pic.twitter.com/59wW22Rq5e
— Game of Trades (@GameofTrades_) June 4, 2024
US Job openings year-over-year change has been negative for over 2 years.
In other words, opened vacancies in the US has declined for over 24 months straight.
In the past such a streak has ONLY OCCURRED DURING RECESSIONS.
The US labor market is only strong in the headlines. pic.twitter.com/jnQdxOJRp9
— Global Markets Investor (@GlobalMktObserv) June 5, 2024
Job Openings to Unemployment back to Pre-Covid pic.twitter.com/NuH5cK33Fb
— Win Smart, CFA (@WinfieldSmart) June 5, 2024
Big move in bond yields in past few days.
All eyes on ISM services – esp employment sub index. Will it be weak again? consistent with poor job openings?
data out in 10 mins pic.twitter.com/OeXnUNz2ZV
— Longview Economics (@Lvieweconomics) June 5, 2024
Adp employment numbers were weak so market is up. Bad news is good. But sometimes bad news is bad. Sometimes good news is good. And sometimes good news is bad. It’s hard to keep up.
— Steven Eisman (@EismanSteven) June 5, 2024
Corporate debt defaults have hit a global tally of 18, the highest monthly level since October 2020 at the height of the Covid pandemic, according to research by S&P Global Ratings.
— unusual_whales (@unusual_whales) June 5, 2024
Commercial real estate delinquency rates have also reached the levels last seen during the pandemic: t.co/pezosO1as6
— Reef Insights (@ReefInsights) June 5, 2024
Nvidia vs Enron
Its probably nothin . pic.twitter.com/ixsLTlluDt
— The Great Martis (@great_martis) June 5, 2024