This is how close we are to a market crash: pic.twitter.com/eP8PFXI0AQ
— Mac10 (@SuburbanDrone) October 17, 2023
Bulls, artificial intelligence got you into this mess, but it can't get you out. pic.twitter.com/rnMmt8so61
— Mac10 (@SuburbanDrone) October 17, 2023
Something to consider. pic.twitter.com/7PQ7XKdjS9
— Mac10 (@SuburbanDrone) October 17, 2023
— Win Smart, CFA (@WinfieldSmart) October 17, 2023
Bank of America, $BAC, has reported unrealized losses of $131.6 billion on securities in the third quarter, growing from the second quarter, per Reuters.
— unusual_whales (@unusual_whales) October 18, 2023
For 7th Straight Month US Manufacturing Production Lower YoY
September’s US industrial and manufacturing data revealed alarming discrepancies: – Industrial Production: Grew a mere 0.3% MoM (SA), but alarmingly plunged 1.7% MoM (NSA). – Manufacturing Output: Barely rose by 0.35% MoM (SA), while it worryingly declined 0.5% MoM (NSA). These figures suggest that seasonal adjustments are masking the true state of the economy under the Biden administration. With manufacturing production consistently lower year-over-year for seven months and the auto production plummeting by 6.2% MoM, looming challenges are evident, exacerbated by anticipated UAW strikes.