First to go, will be the financial sector .
Wont be long . pic.twitter.com/M1x8wQig5f
— The Great Martis (@great_martis) June 10, 2024
Look at the cracks David .
Dow Transports and Russell are both down 15%
Market is fractured .
AI was a temp save .
Bonds will erode and DXY will rocket .
We both understand the consequence once tech gives way shortly .
— The Great Martis (@great_martis) June 11, 2024
High interest rates are taking their toll on corporations:
In January, 264 companies REPEATED a default for at least their second time.
~35% of corporate defaults in 2023 were repeat defaulters, the 2nd highest share since the 2008 Financial Crisis.
Meanwhile, the number of… pic.twitter.com/1QcKBRT0Aj
— The Kobeissi Letter (@KobeissiLetter) June 10, 2024
**🚨 Regional Banking Crisis Alert! 🚨**
**Huntington Bank Spooks Investors, Shares Plunge 6%**
– **New Guidance:** Net interest income to fall 1% to 4% this year
– **Previous Range:** -2% to +2%
– **Impact:** Largest drop since March 2023 pic.twitter.com/nle9uKWtzw
— The Coastal Journal (@1CoastalJournal) June 10, 2024
Full article:
The regional banking crisis is a ticking time bomb, set to unleash a spectacular crash. Pimco warns of imminent failures as regional banks face a "very high" concentration of troubled commercial real estate (CRE) loans.
John Murray, head of Pimco’s global…
— The Coastal Journal (@1CoastalJournal) June 11, 2024