Stagflation.
1970s all over again .
Even Lumber reignited. pic.twitter.com/sLNC5DSOSl
— The Great Martis (@great_martis) November 4, 2024
51.4% of consumers expect to see higher stock prices over the next 12 months, the most in history 🚨 pic.twitter.com/ddt7FM1vGx
— Win Smart, CFA (@WinfieldSmart) November 5, 2024
The big news is that Nvidia is being added to the Dow this week.
This can all end now. pic.twitter.com/llZ9Q4zXYI
— Mac10 (@SuburbanDrone) November 4, 2024
Tomorrow is the election, which will likely be the biggest clusterfuck in modern history.
Any questions? pic.twitter.com/rkhwDic5rD
— Mac10 (@SuburbanDrone) November 4, 2024
Do we close the gap first?
Or 📉 https://t.co/WU2sWiV1po pic.twitter.com/btVWtzx1Vc
— The Great Martis (@great_martis) November 4, 2024
It's a process; let it process. https://t.co/A7k8Szty5S pic.twitter.com/qfAerf9EtB
— The Great Martis (@great_martis) November 4, 2024
The only reason Japanese markets didn't explode last night is because Japanese markets were not open last night.
On the Monday after the Japan explosion in August, U.S. stocks opened at the lows and rallied back all week. Monday open was the low of the week.
Today, stocks… pic.twitter.com/KQkECQbALP
— Mac10 (@SuburbanDrone) November 4, 2024
Subprime 2.0 commercial edition. Waiting for the inevitable comments saying this a nothingburger and it’s contained and poses no significant risk to the financial system lol. Yada yada yada, cope cope cope.
Commercial delinquency rates for your viewing pleasure
China consumer slowdown weighs on U.S. earnings again
From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.
The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and growing competition from homegrown brands.
Apple last week reported Greater China sales fell slightly to $15.03 billion in the three months ended Sept. 28, down from $15.08 billion in the year-ago period. The figures include sales from mainland China, Hong Kong, Macao and Taiwan.
CEO Tim Cook in an earnings call attributed the “flat” performance to improved foreign exchange and noted Kantar data that said Apple had the two top-selling smartphones in urban China.
The quarterly sales decline reduced Apple’s China revenue share to 15.8% of total net sales, down from 16.9% in the year-ago period.
The iPhone maker’s sales have come under pressure from Huawei’s recovery in the Chinese smartphone market.