People will never believe anyone telling them the economic crash is coming, until it's over.
All these people sitting on million dollar properties and fake profits from the Mag 7 are about to realize they were fooled, and it is never… different this time.
— Financelot (@FinanceLancelot) October 11, 2024
"As of July 1, EPS growth was estimated at 7.2%, and today, it sits at 3.1%, a revision of -4.1% … a low bar offers every chance for companies to record beats."@StrategasRP via @johnauthers pic.twitter.com/xwACBS1TyN
— Daily Chartbook (@dailychartbook) October 11, 2024
Strong 💪 earnings forecasts pic.twitter.com/xK5OdyMR1B
— Win Smart, CFA (@WinfieldSmart) October 11, 2024
Hedge funds aren’t reducing their stock positions the way they historically do ahead of elections, and instead have elevated exposure to equities as the S&P 500 Index continues to set records
Deyesha pic.twitter.com/p5H24dGTHm
— Win Smart, CFA (@WinfieldSmart) October 11, 2024
Bullish AAII responses increased over the past week pic.twitter.com/854tbqYFp1
— Win Smart, CFA (@WinfieldSmart) October 11, 2024
The typical home takes 37 days to find a buyer, per Redfin, six days longer than a year earlier.
Homes are selling fastest in Seattle and slowest in Florida metros.
— unusual_whales (@unusual_whales) October 11, 2024
Sales and foot traffic at America’s restaurants have been consistently under performing over the past couple of years showing little to no sign of improvement. This is ranging everything from high-end dining down to fast food. This is the key sign that people are running out of money and the economy is getting weaker, not stronger.
Jobless Claims Hit 14-Month High, Challenging Fed’s Labor Market Assessment