Pay attention
It most always begins with bellwethers.
Both depicting ominous formations
Both depicting declining money flow. pic.twitter.com/g7u5GABtNR— The Great Martis (@great_martis) November 17, 2024
We've been seeing misinformed investing occur for over a decade now. The most irritating part is that govt spending and fomo has actually made that almost look intelligent.
— Steve Eitreim (@SteveEitreim) November 16, 2024
💥 BREAKING
MicroStrategy just bought another 51,780 #Bitcoin for $4.6 billion.
MicroStrategy now owns 331,200 #Bitcoin worth $30 BILLION pic.twitter.com/P4ywozuN6U
— Radar🚨 (@RadarHits) November 18, 2024
This morning:
– MicroStrategy buys another 51,780 BTC for $4.6B
– MARA announces $700 million convert to acquire more BTC
– Semler Scientific raises $21mm ATM and acquires 215 BTC
– Metaplanet issues ¥1.75B debt offering to buy more BTCThe corporate Bitcoin race is heating up.
— Sam Callahan (@samcallah) November 18, 2024
Tom DeMark warns stock market near a 1929-style top as billionaires sell off.
🚨BREAKING NEWS🚨
TOM DEMARK WHICH IS ONE OF THE MOST ACCURATE TECHNICAL ANALYSTS SAID THE STOCK MARKET IS NEAR A TOP AND COMPARED IT TO 1929
COINCIDENTALLY OVER THE PAST COUPLE WEEKS BILLIONAIRES HAVE BEEN HEAVILY SELLING STOCKS AND GOING CASH
THE COLLAPSE IS INCOMING…$SPY pic.twitter.com/TdVb2akJ8P
— Mike Investing (@MrMikeInvesting) November 18, 2024
The US economic boom is a mirage, per FT.
"The bottom 40% by income now account for 20% of all spending while the richest 20% account for 40%. That is the widest gap on record and it is likely to widen further."
— unusual_whales (@unusual_whales) November 18, 2024
"A global decline in wine consumption is creating problems for vineyards: there are too many grapes, and there’s too much wine," per Axios.
— unusual_whales (@unusual_whales) November 18, 2024
The average age of homebuyers is now 56, up from 49 in 2023, according to the National Association of Realtors.
This is an all time high.
— unusual_whales (@unusual_whales) November 18, 2024
This chart is frightening.
In 1975, inflation peaked near 12% and fell in 1976 toward 4%.
When charted with the path of inflation from 2020 until now, it looks almost identical.
You can see the recent uptick in inflation below.
Are we setting up for a 1980 style rebound? pic.twitter.com/65vZqiVYIO
— The Kobeissi Letter (@KobeissiLetter) November 16, 2024
Take a look a wage growth.
Many key wage metrics are pointing toward a rebound in wage growth.
Wage growth seems like a positive at first glance, but increased labor costs are ultimately passed down to consumers.
Higher prices are going to be the new normal. pic.twitter.com/pxcvJFi3EW
— The Kobeissi Letter (@KobeissiLetter) November 16, 2024
As Apollo notes, the US Indeed Wage Growth Tracker has also bottomed out.
Rather than falling back toward ~2% growth rates seen prior to the pandemic, it is rebounding back toward 4%.
It's clear that the Fed has declared victory too soon yet again. pic.twitter.com/tlh18UVsG6
— The Kobeissi Letter (@KobeissiLetter) November 16, 2024
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