#Retail #investors are once again buying #market highs. @thedailyshot pic.twitter.com/TzbkxDvoee
— Lance Roberts (@LanceRoberts) August 4, 2023
Bloomberg is aggressively pumping 2 narratives this morning:
1) We can have higher rates for longer & a soft landing
2) We are coming out of the recessionBoth statements are complete B.S.
They're inversely correlated. The faster & higher rates go the deeper the recession.
— Financelot (@FinanceLancelot) August 4, 2023
Job Openings pic.twitter.com/Tz7UNohnke
— Win Smart, CFA (@WinfieldSmart) August 4, 2023
Latest data releases today show Global #Liquidity starting to skid lower. Not great news, but ironically this is NOT Central Banks squeezing. It is about collateral misbehaving in wake of Japan's #YCC change, #Fitch's madness and Janet's heavy coupon calender… @johnauthers… pic.twitter.com/W35y4zxuHW
— CrossBorder Capital (@crossbordercap) August 4, 2023
Good Morning Everyone! The typical U.S homebuyer is feeling the pinch with a 20% surge in monthly payment from last year. High mortgage rates are keeping sellers at bay, causing a staggering 19% decline in available homes – the largest in 1.5 years.
And there's more pain! The… pic.twitter.com/iyg6CpEU3s— Genevieve Roch-Decter, CFA (@GRDecter) August 4, 2023
*ICAHN STOCK COLLAPSES 30% IN PREMARKET TRADING $IEP
— Don Johnson (@DonMiami3) August 4, 2023
The unemployment rate for China’s young people ages 16 to 24 climbed to a new record high in June of 21.3%, per CNBC.
— unusual_whales (@unusual_whales) August 4, 2023