Independent thinking for complex markets and current events
A recent report from the Harvard Joint Center for Housing Studies highlights an interesting paradox: while home prices soar and homeowners’ equity increases, many homeowners are still struggling with rising costs. Here are some key points: Equity Growth: The average homeowner’s equity has surged by $28,000 over the past year, reaching an average of about …
1) US STOCK MARKET WARNING 2) S&P 500 hit its 31st all-time high this year and is up 15%. 3) Is NVIDIA at an inflection point? 4) The US economy continues deteriorating. Read below the weekly market recap for the trading week 25/2024👇https://t.co/CtDDeknZSF — Global Markets Investor (@GlobalMktObserv) June 24, 2024 https://twitter.com/MFHoz/status/1804899212238201115 Won't be long …
Gravity is unrelenting and inevitably prevails. The forward P/E ratio of the S&P 500 is now nearly as high as it was at the peak of the Tech Bubble. It's understandable that during periods of euphoria, less experienced investors might claim that valuations are irrelevant. I… pic.twitter.com/wxuM2GcZ5T — Otavio (Tavi) Costa (@TaviCosta) June 20, 2024 …
Although most US homeowners are immune from higher mortgage rates because they have fixed-rate mortgages, that’s not true for other types of credit. The delinquency rate on credit card loans is now the same as it was in 2010, a year when the unemployment rate was over 9%. pic.twitter.com/Nu2aobWKeB — Peter Berezin (@PeterBerezinBCA) June 14, …
US Supercore inflation increased 5.0% year-over-year in May, its highest level since April 2023. Supercore inflation is a key metric the Fed follows which includes core services inflation less shelter. Over the last 8 months, it has seen a significant increase from ~3.8% in October. This is despite core CPI inflation declining to 3.4% year-over-year …
Many Americans still aren’t sold on going electric for their next car purchase. High prices and a lack of easy-to-find charging stations are major sticking points, a new poll shows. About 4 in 10 U.S. adults say they would be at least somewhat likely to buy an EV the next time they buy a car, …
What’s happening now is a troubling shift in the job market. Job openings are being filled as new entrants join the labor force and displaced workers find new positions. However, these job openings are not being replenished, leading to an uptick in the unemployment rate. It’s becoming increasingly difficult to find work, and unless the …
https://twitter.com/RJRCapital/status/1798703003391980014 The European Central Bank (ECB) recently made a decision to cut interest rates by 25 basis points. Specifically, the main interest rate was reduced to 3.75%, while the main refinancing rate and the marginal lending facility rates were also adjusted. B/c the two are related… https://t.co/5GohABBJJj — E.J. Antoni, Ph.D. (@RealEJAntoni) June 6, 2024 …
🚨BANK OF CANADA CUTS RATES🚨 Why does this matter? They did so in the face of persistent shelter inflation In Canada in March, shelter prices increased by 6.5% year-over-year, with rent increasing by 8.5% THEY CUT ANYWAY. America, your move next 🇺🇸 https://t.co/dT8nXxwplx — Amy Nixon (@texasrunnerDFW) June 5, 2024 Rates are cut 25 basis …
This is when the Fed finally stops gaslighting you. The economy was NEVER doing well, and it's not helping Biden anymore to lie to you about it. So, better to admit defeat and start planning rate cuts to rescue the wreckage that's coming (and that will take just as long to take… https://t.co/Zr12ujg82C — Uncle …
https://twitter.com/futureecogold/status/1795884879890030931 Municipal Bonds and Yields: Municipal bonds (often called “munis”) are debt securities issued by states, local governments, or other public entities. They serve as a crucial financing tool for infrastructure projects, schools, hospitals, and other public needs. The yield on municipal bonds has become more attractive recently due to rising interest rates. Investors can …
by confoundedinterest17 Housing in the US is simply unaffordable. Home prices in Biden’s America are up 34.5% even though mortgage rates are up 157%. Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.33% (more than the …
Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market. The 30-stock Dow slid 605.78 points, or 1.53%, and closed at 39,065.26 for its worst session of the year. Boeing was the biggest laggard in the Dow, falling …
Election Day in KY! It’s a referendum on whether a guy can go to DC and vote against foreign aid, foreign wars, and sanctions, while supporting free speech, privacy, & the 2A. AIPAC claims to have spent $400k against me. They won’t be happy tonight!https://t.co/AgJY01IWPL pic.twitter.com/ovOej6R43G — Thomas Massie for Congress (@MassieforKY) May 21, 2024 …
BEIJING – China’s home prices fell at a faster pace in April, underscoring why the government is stepping up efforts to tackle the years-long property crisis. New-home prices in 70 cities, excluding state-subsidised housing, slid 0.58 per cent from March, data from the National Bureau of Statistics of China showed. Values of existing homes fell …
The situation at Ballou High School in DC is emblematic of the dire state of inner-city public education in America. Despite exorbitant spending, including a $124 million building and an annual cost of $25,412 per pupil, the school fails to provide students with essential skills, with only 3% proficient in math and 5% in reading. …
The SPY (S&P 500) ETF has surged with a nine-day winning streak, marking its longest stretch to a new high since 2020. Despite economic concerns signaled by the Citi US economic surprise index, the S&P 500 approaches record highs. In a surprising twist, bad news appears to be driving market optimism, with Goldman earnings estimates …
Prepare for a seismic shift in the gold market as the precious metal defies conventional wisdom, soaring despite the backdrop of high real rates and a robust dollar. This unexpected surge hints at a fervent bid for diversification among central banks worldwide, reshaping the landscape of global finance. Gold's rise despite high real rates and …
Can you believe this? $7.5 billion of taxpayers’ hard-earned money flushed down the drain, and what do we have to show for it? Eight measly charging stations. It’s an absolute disgrace. With the urgent need to transition to cleaner energy sources, this snail-paced progress is unacceptable. The Biden Administration needs to be held accountable for …
"We have young Black kids growing up in the Bronx; they don't even know what the word computer is. They don't know. They don't know these things." ~ New York Governor Kathy Hochul Despicable! Disgusting! Disturbing! White liberal democrats are the enemy of Black people.… pic.twitter.com/mVjxElYjY6 — Vernon Jones (@VernonForGA) May 7, 2024 How liberals …
Recent revelations of wrongful DUI arrests in Oahu have sent shockwaves through the community, raising serious concerns about law enforcement practices and civil rights violations. Despite breathalyzer tests showing no alcohol in their systems, dozens of drivers found themselves handcuffed and taken into custody. The data is staggering: Nearly 300 drivers were arrested with test …
Over the past 13 weeks, initial unemployment claims have remained remarkably consistent, hovering around 212k, despite the inherent variability in state programs and seasonal factors such as holidays. If the trend of minimal volatility persists, it could erode confidence in the accuracy of unemployment data and raise concerns about underlying economic conditions. Further stagnation in …
The labor market is not secularly tight, robust, or whatever useless terms are thrown around on here. The headwinds continue to mount against labor. Fed policy impact having a lagged impact time on Sunbelt vs other West Coast states, but continues to be seen in openings. pic.twitter.com/svpB2tUO7i — Don Johnson (@DonMiami3) April 28, 2024
An order from a president to the military to conduct a coup to remain in office “might well be an official act,” Donald Trump’s lawyer told the Supreme Court in oral arguments Thursday on the question of whether Trump’s attempted coup is immune from prosecution. Trump’s claims that his actions leading up to the violent …
A startling revelation emerges as conflicting job reports unveil a stark contrast in employment data. Despite official claims of a robust job market with a 640,000 increase in nonfarm payrolls, the quarterly census of employment and wages paints a different picture, indicating a shocking loss of 192,000 private sector jobs during the same period. As …
Texas Instruments faces a grim reality as first-quarter results reveal a stark 16% revenue drop, extending a troubling trend over six consecutive quarters. Despite high hopes pinned on the AI boom and economic growth, the company grapples with persistent declines, prompting skepticism and scrutiny from analysts. Amidst growing concerns, the narrative shifts to confront uncomfortable …
Ukraine launched drone attacks on several Russian oil refineries overnight, Russian sources said on Wednesday, despite pushback from Washington urging Kyiv to reel in its strikes on Moscow’s oil infrastructure. Russia’s defense ministry said its air defenses had intercepted two Ukrainian uncrewed aerial vehicles (UAVs) over the Voronezh region bordering northeast Ukraine, another over the …
Oh, big surprise! Zero students proficient in reading and math at the Chicago Teachers Union’s poster child school? Talk about setting the bar low! But hey, why aim for excellence when you can aim for mediocrity, right? And now they want 180 more of these “sustainable community schools” that consistently underperform? Wow, what a brilliant …
A judge accepted Donald Trump‘s $175 million bond in his civil fraud case after the former president and Attorney General Letitia James reached an agreement to modify the conditions of the bond during a hearing in New York on Monday. Judge Arthur Engoron said that so long as Trump gave Knight Specialty Insurance, a small Delaware-based insurer, exclusive …
Investor euphoria persists despite recent market drops, raising concerns about the absence of hard lessons since 2009. Glenn Kelman’s insights resonate deeply with real estate professionals, highlighting a housing recession amid a booming economy. As monetary policy falters and debt cycles override business cycles, the strain on households becomes palpable, reflected in record-high credit card …