Everything seems coordinated to hit in October 🤫
1) Student loan payments resume
2) Government budget shutdown October 2nd
3) Virus lockdowns
4) Bank failures
5) FEMA & FCC Nationwide Emergency Alert Test for October 4th t.co/gGJD4yrHah pic.twitter.com/QKrwzCX4Yu— Financelot (@FinanceLancelot) August 22, 2023
Notice how all the ratings agencies suddenly decided to do their job & downgrade at the same time.
Seems coordinated don't you think 😉 t.co/TDdTFR5SHQ
— Financelot (@FinanceLancelot) August 22, 2023
After SPAC values cut in half, Chamath Palihapitiya responds to critics
A catastrophe on the stock market is about to happen…
Interest rates up — bonds prices down.
$1 million invested in this Apple AAPL bond is now worth $600k, duration risk is on stage here. Now think of all those mortgage-backed securities on bank balance sheets. pic.twitter.com/WzqS73ygkO
— Lawrence McDonald (@Convertbond) August 22, 2023
China's 10-year government bond yield has fallen to a level only seen 2 times since 2002 pic.twitter.com/xTCLNilkLQ
— Game of Trades (@GameofTrades_) August 22, 2023
Quite the day today 😂 pic.twitter.com/FpBo5crh6p
— Markets & Mayhem 🤖 (@Mayhem4Markets) August 22, 2023
35% of US workers who started a new job within the last quarter took a pay cut, per ZipRecruiter.
— unusual_whales (@unusual_whales) August 23, 2023
Half a Million US Jobs at Risk
US job growth for the year through March is expected to significantly underperform previous estimates, with a potential shortfall of 500,000 jobs. JPMorgan Chase & Co. predicts a substantial downward revision to the March employment figures. This weaker outlook contrasts sharply with last year’s optimistic employment data, which influenced the Federal Reserve’s aggressive interest-rate hikes. Discrepancies in the data suggest the labor market may not be as rob
Good Morning from Germany where German business activity suffered the steepest decline for more than 3yrs in August as Services PMI slumped into contraction territory at 47.3 vs a 51.5 estimate. Businesses remained pessimistic towards the outlook as rising interest rates,… pic.twitter.com/8UwjxSN2yr
— Holger Zschaepitz (@Schuldensuehner) August 23, 2023
This is really all you need to know about what happens next for the housing market.
Payments must return to what people can afford regardless of your feelings pic.twitter.com/cdgg0S5Tn0
— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) August 22, 2023
Recession? What recession? 🔥🔥🔥
Foot Locker’s sales fell 9.9% during its fiscal second quarter, and it attributed the decline to ongoing “consumer softness.”
The sneaker giant saw another quarter of pinched profits because of markdowns and shrink.
(shrink is stuff not being… pic.twitter.com/adhankKEtG
— Wall Street Silver (@WallStreetSilv) August 23, 2023
Interest payments are rising at the fastest pace in modern history. The costs are mostly borne by those not receiving the benefits. #macro pic.twitter.com/YMEEgeSoux
— Kantro (@MichaelKantro) August 22, 2023
h/t Simian_Stacker