creditbubblebulletin.blogspot.com/2023/12/weekly-commentary-2023-year-in-review.html
Amazingly, the MMF complex has become the predominant financier to one of history’s greatest leveraged speculations – a speculative Bubble now at the heart of ongoing government finance Bubble “terminal phase” excess. Even more stunning is the lax regulatory environment for such a critical – with well-recognized vulnerability – financial system focal point. And this follows an inexcusable breakdown in banking system regulatory oversight, when unprecedented monetary stimulus should have had the Fed and regulator community laser focused. One word we didn’t hear much from the Fed in 2023: “macro-prudential”.
IMO US Stock markets are performing a “double top” and will soon crash.
The potential is real. The FFF is predicting a 90% chance of rate cuts in March. There is no obvious reason for this to happen so soon therefore something bad must be going on behind the scenes. When this/these issues erupt, all hell will break loose.
FFF: www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
CTAs are nearly max long and won't be able to chase the market higher says Goldman Sachs. Data suggests that CTAs have about $40 billion in S&P 500 long exposure and $150 billion in long exposure to global stocks. pic.twitter.com/hNHQ034hNZ
— Barchart (@Barchart) December 31, 2023
The correlation between US stocks and bonds over the last 2 years (0.75) is the highest we've seen since 1993-95. pic.twitter.com/toQmYg5Gah
— Charlie Bilello (@charliebilello) December 30, 2023
It's clear that investors and the media are not aware of social mood. They all join the circle jerk at the top.
Bitcoin Trust shows the 3 peaks of social mood and the top performing stock.
Nvidia exited the year of Artificial Intelligence at an all time weekly high. pic.twitter.com/oc8vlVPHcT
— Mac10 (@SuburbanDrone) December 31, 2023
During COVID, Cramer coined the "COVID 19" index of fast growth Tech stocks. In 2022, those stocks got wiped out.
In 2023, the Tech bubble rotated to the Mega Caps, which Cramer called "The Magnificent 7".
This is the apex of the dumb money bubble. pic.twitter.com/AZ5ne4oXMY
— Mac10 (@SuburbanDrone) December 31, 2023
Nasdaq had its 9th consecutive green week, its longest winning streak since February 2019 pic.twitter.com/FdWh06BdN7
— Barchart (@Barchart) December 31, 2023
Automobile Loans at Commercial Banks are down $23.2 Billion from the same time last year pic.twitter.com/70c91RSR5y
— E-Ⓜ️ulti (@multi_finance) December 30, 2023
The S&P 500 index relative to the inflation-adjusted M2 money supply is the largest bubble in history.@MacroMicroMe t.co/HusQJOCV1p pic.twitter.com/o6w1ADYUEh
— HuDalio (@HoonyKim0214) December 31, 2023
Looking at the consumer and employment data–both of which are well understood as lagging indicators– tells you nothing. Look at LEI. Hint: there is a reason they call them "Leading." pic.twitter.com/up3K2tKRNt
— Stimpyz (@Stimpyz1) December 30, 2023
“The value of new home sales among the 100 biggest real estate companies fell 34.6% from a year earlier to 451.3 billion yuan ($64 billion), compared with a 29.6% decline in November, according to preliminary data from China Real Estate Information Corp. on Sunday.”@business pic.twitter.com/DxSrCMrgxq
— Danielle DiMartino Booth (@DiMartinoBooth) December 31, 2023
h/t mark000