Independent thinking for complex markets and current events
With the second-lowest month of hires in the 21st century, the industry is struggling like never before. This slowdown is telling us a lot about the broader economy. Even during the height of the pandemic, there were more job openings in construction than there are now. The cost of construction is plummeting, as developers have …
At least 38 passengers and crew members were injured during an “unexpected aircraft movement” on a United Airlines flight bound for Washington Dulles International Airport from Nigeria, according to officials and the airline. United Airlines Flight 613, a Boeing 787-800, departed from Lagos, Nigeria, at 11:59 p.m. local time on Thursday. The pilot issued a …
The owner of UnitedHealthcare reported record full-year revenue but lower profits for 2024, just weeks after the brazen killing of a top executive inflamed the national ire against insurance companies. Why it matters: It’s the first earnings report for UnitedHealth Group since Brian Thompson’s killing in early December sparked a national conversation about the U.S. health care industry’s profits and coverage denials. …
Quantum stocks are tanking in after-hours trading 👀 • $QUBT: -15%• $IONQ: -17%• $RGTI: -18%• $QBTS: -18% pic.twitter.com/yJO8oOp8OX — Shay Boloor (@StockSavvyShay) January 7, 2025 (Bloomberg) — The shares of IonQ Inc. and other companies linked to quantum computing tumbled in extended trading on Tuesday after Nvidia Corp. Chief Executive Officer Jensen Huang said “very …
Treasury yield spreads widening could signal a significant market pullback, historically linking to major SPX crashes. Bear Porn Update: A freight train is coming for SPX, NDX, DJIA, and RUT…Why, you ask? Because history tells us. Just have a gander at the attached chart first: The big deal is that Treasury spreads are widening once …
Are we witnessing ‘peak China’? GDP projections have fallen dramatically over the past ten years.As a reminder, China’s demographics, the key ingredient for potential GDP growth, are way worse than those of the United States. This also explains why debt accumulation has been… pic.twitter.com/6V3qo52RYb — jeroen blokland (@jsblokland) January 4, 2025 BREAKING 🚨: China Chinese …
The S&P 500 is at the same level today as it was on the day after the election. It has gone nowhere for two months, amid EPIC levels of bull shit. New highs – lows peaked the week of the election and are now negative. The election gap that was a bear trap on the …
Michael Saylor is freaking out right now because when Bitcoin drops, non-recourse lenders are entitled to the collateral (Bitcoin). In this case, unless Saylor was able to massively dilute his shares to raise capital the lenders would simply take all of $MSTR's Bitcoin. https://t.co/d5Te7WktJZ pic.twitter.com/44WSSPgdSe — Financelot (@FinanceLancelot) December 25, 2024 Yeah he's lying. Non-recourse …
Major insurer Liberty Mutual is dropping all its condo policies in California, it has announced. The company, which is the fourth-largest home insurer in the state, has told regulators that it will stop offering new condo and renter policies next year. Existing policyholders will then see their coverage axed in 2026, according to filings with …
Bitcoin Keeping it simple Below 96700 for more than 72 hours and its lights out. Either way, its lights out in the not to distant future. pic.twitter.com/COraOh44fL — The Great Martis (@great_martis) December 21, 2024 will be zero soon https://t.co/1tVncx2mhD — Martin Shkreli (@MartinShkreli) December 21, 2024 Who farted? Guess who's next? pic.twitter.com/9EbuQT0vKn — The …
As expected, RRPs are down again, now below $100 billion as Fed's rate cut has reduced incentive to park liquidity at this facility; we'll be seeing repurchase agreements ramping up in the New Year and then the '19 repo crisis may repeat: https://t.co/lboowxcZmU pic.twitter.com/8S4dLXHCjb — E.J. Antoni, Ph.D. (@RealEJAntoni) December 20, 2024
For reference, Chinese yields are already lower than during the peak of the Great Financial Crisis and the pandemic meltdown. Something huge is happening in China – and we should pay attention. 2/ pic.twitter.com/zwWT9y7jsQ — Alf (@MacroAlf) December 20, 2024 The Chinese private sector debt as a % of GDP has exploded north of 200%, …
Hey Bob – you're close. Get this, if MSTR does -50% in a day, then the MSTUMSTX 2x funds get wiped out. Completely. Everyone loses -100% of their money. ~10bn aum between the two leveraged funds on a stock with a 80bn market cap. — lowstrife (@lowstrife) December 19, 2024 Factchecked by Chatgpt: Leveraged Funds …
‼️SELL SIGNAL FOR STOCKS TRIGGERED‼️ Cash levels* in global investors portfolios fell to 3.9%, triggering a “sell signal”, according to BofA. This is one of the lowest readings in history. It suggests lower returns ahead. *Survey of 171 fund managers with $450 billion assets. pic.twitter.com/4QUA3XbZrG — Global Markets Investor (@GlobalMktObserv) December 19, 2024 Bulls are …
For a massive chain like Walmart to be closing stores right as we enter the busiest shopping season of the year, something really bad must be going on. A few weeks ago, the company’s CEO Doug McMillion shared a bleak outlook for holiday sales, and warned investors about a profit squeeze. But the fact that …
Steepest drop since September 2008. pic.twitter.com/8lMdk43vdb — Financelot (@FinanceLancelot) December 16, 2024 China’s retail sales rose by 3% in November from a year ago, according to National Bureau of Statistics data released Monday, missing the forecast of 4.6% in a Reuters poll. That marked a sharp slowdown from 4.8% growth in the previous month. Retail sales in October …
Adobe shares fell 14% on Thursday, their steepest drop since September 2022, after the software vendor issued disappointing revenue guidance. Sales in the fiscal first quarter will be between $5.63 billion and $5.68 billion, Adobe said in its fourth-quarter earnings report late Wednesday. Analysts on average were expecting revenue of $5.73 billion, according to LSEG. Analysts at TD …
Home sales in Miami, FL have collapsed. Down 48% from their pandemic peak. Miami has experienced the largest drop in buyer demand of any large metro area in the last 3 years. Prices in Miami are still high. But could start dropping in 2025 as a result of this monumental collapse in demand. Home sales …
by confoundedinterest17 The last gasp of the Biden/Harris reign of (economic) error! After existing home sales unexpectedly ticked up in October, analysts expected new home sales to slow after their recent resurgence (-1.8% MoM). They were right… BUT… the magnitude is mind-boggling! New Home Sales collapsed 17.3% MoM in October. That is the largest MoM …
“While September CPI inflation is at 2.4%, inflation is much higher in many basic necessities: 1. Car Insurance Inflation: 16.3% 2. Transportation Inflation: 8.5% 3. Homeowner Inflation: 4.9% 4. Car Repair Inflation: 4.9% 5. Rent Inflation: 4.8% 6. Hospital Services Inflation: 4.5% 7. Food Away From Home Inflation: 3.9% 8. Electricity Inflation: 3.7% Core CPI …
U.S. STOCKS EXTEND FALL, NASDAQ DOWN 440 points as Big Tech like $META, $NVDA, $TSLA, $AAPL, and $GOOGL are falling again. #StockMarket #NASDAQ #BigTech #marketupdate pic.twitter.com/RzhbTEm8CD — Allen Shkair (@AllenShkair) July 24, 2024 #Bitcoin topped first and now $NVDA joining the drop? pic.twitter.com/fyiSyCm9TU — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) July 24, 2024 h/t …
This should be interesting… A Russian citizen has been detained in Montenegro at the request of U.S. authorities on suspicions of having illegally interfered in the 2020 U.S. election, according to Russian and Montenegrin media on June 21. https://t.co/fulTY7iFM0 — Radio Free Europe/Radio Liberty (@RFERL) June 21, 2024 h/t Flying Elvii
The Federal Reserve has significantly reduced its balance sheet. Some analysts predict a market downturn due to the decrease in liquidity, which has been exacerbated by 11 interest rate hikes that typically take 18 months for the market to digest. h/t theSilverVigilante
by Chris Black Never forget what this Bayer executive said: “mRNA shots are ‘gene therapy’ marketed as ‘vaccines’ to gain public trust.” pic.twitter.com/4B0ytU1lXp — Died Suddenly (@DiedSuddenly_) February 11, 2024 Maybe the global warming hoax will end up being bigger, but right now, coronavirus is the world champion hoax. They told everyone that if you …
A Las Vegas swingers house appearing to be models after the Playboy Mansion is having difficulty selling despite a $12 million cut in its price tag. The famous ‘Las Vegas Underground House’ on 3970 Spencer Street became available to purchase for a second time in February 2023 for $6 million. The underground house also comes …
BREAKING 🚨: German Home Prices German Home Prices fell by 10.2% during the 3rd quarter, the largest decline ever recorded pic.twitter.com/AxFczLZ3JL — Barchart (@Barchart) January 14, 2024
Wall Street banks are preparing to communicate 2023 compensation to staff. Bonuses will likely be flat or down from last year, which was markedly disappointing. Business Insider compiled a schedule for when each big bank will tell employees what they made. Starting this week, the nation’s biggest banks — from JPMorgan to Goldman Sachs, …
The sustained 18-month decline in the Conference Board Leading Indicator is a worrying trend reminiscent of historical economic crises, particularly in 1973-74 and during the Global Financial Crisis. The current -7.8% decrease aligns with significant economic downturns over the past six decades, indicating a potential hard landing. This, coupled with a high and rising loan …
Morgan Stanley’s stock takes a significant dive, while Bank of America sees a decline in deposits, albeit slower than JPMorgan Chase, amid increasing competition for deposits. The U.S. commercial property sector is experiencing its highest distress level in a decade, with significant debt and defaults among major players, hinting at an impending reckoning as substantial …
🚨🚨🚨 The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000. Taking into account mortgage rates, incomes, and house prices, October 2023 stands out as the least affordable month for U.S. housing this century. Spread: 308 bps pic.twitter.com/2MH8BlaXJM — Lance Lambert (@NewsLambert) October 18, 2023 Ladies and gentlemen: Introducing the Nasdaq …