Apollo Global Management chief economist Torsten Slok: “Since SVB collapsed, the Fed has been adding liquidity, and the S&P 500 is up more than 10%. The high correlation between Fed net QE and the S&P 500 seen in the chart below suggests that Fed liquidity is a crucial driver of the stock market,”

by Dismal-Jellyfish Source: https://www.marketwatch.com/story/this-incredible-chart-shows-the-close-relationship-between-the-s-p-500-and-fed-liquidity-166542a7 Earnings, schmearnings. Is what really matters just liquidity? This incredible chart, from Apollo Global Management chief economist Torsten Slok, shows the close relationship between S&P 500 SPX, -0.37% performance and net Federal Reserve quantitative easing (QE) since the pandemic began. …

READ MORE

Idiots Think They’re Clever…

Trump’s Defamation Trial Scheduled to Begin as GOP Primary Caucuses Kick Off. A federal judge has scheduled E. Jean Carroll’s remaining defamation trial against former President Donald Trump for a date in January 2024 that coincides roughly with the kickoff …

READ MORE

CWR site updates

We are adding popups to the site to generate more ad revenues. As you already know, we are desperate for more revenue to sustain our daily operations. It will be a bit annoying. However, if you find any ads that …

READ MORE

Student loans are a large asset for Uncle Sam, accounting for 42.3% of total Federal assets.

Now you know why student loans will never be forgiven. https://www.advisorperspectives.com/dshort/commentaries/2023/06/09/feds-financial-accounts-what-are-uncle-sams-largest-assets https://www.fiscal.treasury.gov/reports-statements/financial-report/balance-sheets.html Then, drilling down on “Note 4.” https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2022/notes-to-the-financial-statements4.pdf h/t PettyWitch

Joe Biden vs James Wood.

Guns are the #1 killer of kids in America. More than car accidents and more than cancer. We can't let that become just another statistic. Let's ban AR-15-style firearms and other assault weapons. — President Biden Archived (@POTUS46Archive) June 16, …

READ MORE

The bank run has pulled $955 billion in deposits since 4/13/22, with $487 billion in deposits pulled since 2/22/2023. Is the bank run picking back up speed again?

by Dismal-Jellyfish https://www.federalreserve.gov/releases/h8/20230616/ https://fred.stlouisfed.org/series/DPSACBW027SBOG A tad over a year ago (4/13/2022) the high was hit at $18,158.3536 billion Date Deposits, All Commercial Banks (billions) Down from all time high (billions) 4/13/2022 $18,158 0 2/22/2023 (Run picks up speed) $17,690 -$468 …

READ MORE

Market manipulation via the options market has reached unprecedented extremes. Highest greed index in at least two years

In this era, market manipulation via the options market has reached unprecedented extremes: Today is quarterly opex. pic.twitter.com/XZJdj9ChtF — Mac10 (@SuburbanDrone) June 16, 2023 https://twitter.com/NorthmanTrader/status/1669638387911860226 BREAKING: Harvey Jones, who has been on the Nvidia, $NVDA, board since 1993, has sold …

READ MORE

Every store is CLOSED in San Francisco

DECLINE IS A CHOICE: Emails show what was behind closure of San Francisco mall. People are still going to the mall, just not in downtown San Francisco. An hour south in more suburban San Jose the Westfield owned mall is booming: …

READ MORE

Biden Banks! Regional Banks Scramble To Unload Commercial Real Estate Loans, Fearing New Crisis (Analysts Fear CRE Exposure Could Spark Another Round Of Bank Failures)

by confoundedinterest17 Between work at home, Bidenflation and The Feral Reserve, commercial real estate and regional banks are suffering … and it could get a lot worse. And Joe Biden (aka, Negan) in general. Living in Negan Country! By Kevin Stocklin, Epoch …

READ MORE