As economic indicators paint a foreboding picture, the descent of oil prices in gold terms serves as a stark warning, signaling the potential for a hard landing. The alarming reality is further underscored by a concerning 30% rise in business bankruptcies in the United States during the twelve-month period ending September 30, 2023, according to data from the US Courts. Adding to the fragility, US small caps face a precarious scenario with over two-thirds of their debt maturing in the next five years, in sharp contrast to the S&P 500 with less than half facing the same timeline. These collective trends form a chilling narrative, raising apprehensions about the economic landscape and hinting at stormy financial weather ahead.
"If the oil price in gold terms continues to descend, that should be treated as a clear warning of a hard landing."@johnauthers pic.twitter.com/SBjD1z4T09
— Daily Chartbook (@dailychartbook) November 21, 2023
Business bankruptcies in the US rose 30% percent, in the twelve-month period ending Sept. 30, 2023, per the US Courts.
— unusual_whales (@unusual_whales) November 21, 2023
“Net long positioning in oil futures…has fallen sharply to the bottom of its historical band.”
– Deutsche Bank pic.twitter.com/ztkBNHCZYB
— Daily Chartbook (@dailychartbook) November 21, 2023
"US small caps have more than two-thirds of their debt coming due in the next five years, compared with less than half for the S&P 500."@sagarikareports @alexandraandnyc pic.twitter.com/opGxlL52vx
— Daily Chartbook (@dailychartbook) November 21, 2023
Apple, $AAPL, sales declined for a fourth straight quarter, marking the longest slowdown since 2001
— unusual_whales (@unusual_whales) November 21, 2023
Charlie Munger of Berkshire Hathaway has said investors need to own stocks like Apple, $AAPL, and Alphabet, $GOOGL, or they risk being left behind, per Yahoo Finance.
— unusual_whales (@unusual_whales) November 21, 2023