‘Two weeks ahead of last year’s schedule based upon the oscillator and the 50 dma.
At the lows, the oscillator was one year oversold, now it’s back to overbought.
Worst case, global crash starts this week but gets totally out of control on Labor Day.’
Two weeks ahead of last year's schedule based upon the oscillator and the 50 dma.
At the lows, the oscillator was one year oversold, now it's back to overbought.
Worst case, global crash starts this week but gets totally out of control on Labor Day. pic.twitter.com/1oANg17cRX
— Mac10 (@SuburbanDrone) August 28, 2023
Goldman Sachs sells $29 billion wealth unit t.co/S94qKp1SJV pic.twitter.com/t7x0r25ygF
— Financelot (@FinanceLancelot) August 28, 2023
Paul Volcker cut rates when manufacturing activity contracted as much as it did in 2023…
In March 1980 and August 1981, the ISM PMI reached 46 and was immediately followed by rate cuts
"Soft landing" right? pic.twitter.com/ExqEattIsz
— Peter Massaut (@PeterMassaut) August 28, 2023
BREAKING: Fed's head of bank supervision is departing Oct 1st.
Niel Willardson will replace Azher Abbasi as interim executive vice president. Azher had oversight of lenders including Silicon Valley Bank and First Republic Bank.
**Rats jumping ship before banks implode Oct 2nd** t.co/rKMcyfU7mb
— Financelot (@FinanceLancelot) August 28, 2023
🚨 "The Federal Reserve did not give a reason for Abbasi's departure" 🚨
Probably nothing… t.co/dFqx4FNgpD pic.twitter.com/xRij8Gb34N
— Financelot (@FinanceLancelot) August 28, 2023
The market is declining the same way it did in February, but a lot more things are going to break this time. pic.twitter.com/PE1kUKKZq9
— Mac10 (@SuburbanDrone) August 28, 2023
HEDGE FUND EXPOSURE TO 7 BIGGEST TECH STOCKS AT RECORD HIGH, GOLDMAN SAYS
— FXHedge (@Fxhedgers) August 28, 2023
Everything is fine … 🔥🔥🔥
An already miserably unaffordable housing market is getting more expensive.
As mortgage rates top 7% and nearly 8% in some states, the highest they’ve been in 21 years according to Freddie Mac, home buyers face ballooning costs.
What does this… pic.twitter.com/B7xpnsARdN
— Wall Street Silver (@WallStreetSilv) August 28, 2023
Only been talking about for well… the last 4 months.
The housing market mirage has been just that – a #mirage. t.co/skq34JX8Su pic.twitter.com/V6PdUCUCgP
— Don Johnson (@DonMiami3) August 29, 2023
JUST IN: 🇺🇲 US mortgage demand has fallen to a 28-year low
— Win Smart, CFA (@WinfieldSmart) August 28, 2023
Sizing Up the US Housing Bubble
Home prices have massively diverged from real disposable personal income (DPI), with prices being roughly 80% above where they should be, indicating an understated bubble. This discrepancy is attributed to the Federal Reserve’s tendency to create financial bubbles by maintaining low rates for extended periods. Despite the Fed committing to a 2% inflation target, there is skepticism about their ability to measure it accurately, leading to increasing bubbles over time and a shrinking middle class.
The tightening financial conditions illustrated in one chart:
US housing payment for new homes is now as high as 51% of the median household income.
That is the highest level since the 1980s. pic.twitter.com/oxxcgpNSeW
— Otavio (Tavi) Costa (@TaviCosta) August 28, 2023