Independent thinking for complex markets and current events
Are rate cuts bullish? No. Is the worst over? No. Can Wall Street be trusted? No. The chart of the week: "Not this again!" pic.twitter.com/ArMnkGs4vS — Mac10 (@SuburbanDrone) August 9, 2024 It took all week but the S&P 500 has rallied back to Friday's closing level. It was a week to nowhere and no net …
by Michael We experienced a tremendous amount of economic turbulence in 2024, but at least the employment market was relatively stable. Unfortunately, that period of relative stability appears to be ending. The pace of layoffs really seemed to pick up steam at the end of 2023, and the outlook for the coming year is not …
45% of student loan borrowers expect to go delinquent when payments resume on October 1st. That's not good. pic.twitter.com/YOgF4udx67 — Joe Consorti (@JoeConsorti) August 28, 2023 Rent moratorium over ✅️Real rates at 15-yr highs ✅️Student loan moratorium over 🔜 Discretionary spending is circling the drain. Can someone say deflation risk? — Joe Consorti (@JoeConsorti) August …
Real yields break things up here, at 185bps, the highest since Lehman. pic.twitter.com/7od1pAtJLB — Lawrence McDonald (@Convertbond) August 15, 2023 Yes for sure. Bond markets understand that, on top of the continued large deficit spending, interest expense on the debt is going to start spiraling as rates increase. This expense will be nearly impossible to …