Table is from December's report. Check out this supplementary table & the Reasons for Default – notice the uptick in both unemployment and NO Contact
Those "no contact" are a combo of people who feel embarrassed and investors…these days less people are embarrassed pic.twitter.com/J7Sk7oqYuT
— Melody Wright (@m3_melody) March 11, 2024
The economic landscape is sending us some signals that shouldn’t be ignored. In recent reports, there’s a notable spike in 90+ day delinquencies, and it seems like some investors are getting nervous. Despite a temporary improvement in February, the trend is clear, and these numbers hold significance.
Fidelity Investments is reportedly laying off up to 4,000 employees, 5% of their total workforce #MacroEdge https://t.co/AXiz9uS2qu
— MacroEdge (@MacroEdgeRes) March 11, 2024
Adding to the concerns, Fidelity Investments is making headlines with layoffs, affecting up to 4,000 employees, amounting to 5% of their total workforce. This is a stark reminder of the challenges faced by both businesses and workers.
Billions pour into ETFs selling options in huge bet on stock calm. pic.twitter.com/SlR39Oi5vm
— Sunchartist GordianKnot (@sunchartist) March 11, 2024
The financial world is also witnessing unusual moves, with billions pouring into Exchange-Traded Funds (ETFs) focused on selling options, indicating a massive bet on stock stability. However, the recent decline of $META, a popular ETF, is raising eyebrows.
Shifting our focus to the housing market, signs of trouble are emerging, especially in Florida, where seven of the top ten markets are experiencing price cuts. A high share of price cuts often serves as a warning sign for broader declines in home values, impacting homeowners and the real estate market alike.
Additionally, the expiration of the Bank Term Funding Program is putting reserves in the spotlight, raising questions about liquidity as the central bank looks to wind down Quantitative Tightening (QT). These are not just financial maneuvers; they have real implications for the economy.
In a world where economic health is closely tied to job security and housing stability, these indicators prompt us to pay attention.
We're starting to see lots of price cuts show up on the US Housing Market.
Most notably – all across Florida, which has 7 of the top 10 price cut markets.📉
A high share of price cuts tends to be a leading indicator of broader declines in home values.
So watch out in… pic.twitter.com/yhREc0cN36
— Nick Gerli (@nickgerli1) March 11, 2024
$META on track for its largest decline since October pic.twitter.com/TCzisD5YHe
— Barchart (@Barchart) March 11, 2024
End of Fed Tool That Buoyed US Banks Puts Reserves in Spotlight
Bank Term Funding Program set to expire by end of Monday
Liquidity in focus as central bank looks to wind down QThttps://t.co/FilHvLSxIe pic.twitter.com/3UyuqHZull— Global Markets Investor (@GlobalMktObserv) March 11, 2024