Independent thinking for complex markets and current events
Let’s take a walk down memory lane and see where all those bold 2025 Bitcoin targets ended up. • JPMorgan: 170,000 • VanEck: 180,000 • SChartered: 250,000 • Tom Lee: 250,000 • Robert Kiyosaki: 350,000 • BlackRock: 700,000 • Chamath: 500,000 • Michael Saylor: 1,000,000 • ARK Invest: 650,000 • Galaxy Digital: 400,000 • Pompliano: …
Palantir printed $149.24 this morning. That’s up 104% year to date. Volume hit 23.58 million shares by midday. Market cap sits at $352.1 billion. PE ratio is 651.68. The stock hit its high of $155.68 on July 17. Since then, price faded. Weekly RSI shows negative divergence. Momentum is soft. Price is not. $PLTR is …
Private credit default evolution according to Fitch: January: 5.0%February: 5.7% Nothing to see here folks pic.twitter.com/BiInWmLtWA — junkbondinvestor (@junkbondinvest) March 20, 2025
Former Abercrombie & Fitch CEO, Mike Jeffries, arrested on federal sex trafficking charges From X: Just reading about this makes me sick to my stomach. He and his gay partner have been exploiting young men for years. They find young men desperate to build a career and use them for deviant pleasure. They actually used …
Homes in 91% of US metro areas were overvalued in the third quarter, Fitch Ratings reported. Home prices are overvalued by 11.1%, an uptick from prior quarters, as wage growth lagged. December notched the highest annual price gain since 2022, S&P Global found. The US housing market is seeing some signs of loosening amid an …
Following Moody’s suit, US ratings agency Fitch’s economic analysts have opted to lower “Israel’s” credit rating given the current wartime conditions, unless persuaded otherwise in last-minute discussions with senior economic officials to delay the downgrade, the Israeli Ynet news website reported on Thursday. In early February, Moody’s downgraded “Israel’s” credit rating due to the impact …
As we approach the new year, a shift toward credit risk is expected, replacing interest-rate concerns, according to Mohamed El-Erian. The recent steep drop in October’s Producer Price Index (PPI), the largest since April 2020 during the Covid lockdown, heightens worries. Fitch predicts ongoing challenges for US regional banks in 2024, and with earning trends …
by Dismal-Jellyfish https://www.fitchratings.com/research/banks/further-cut-to-us-bank-oper-environment-score-would-require-structural-change-17-08-2023 Fitch Ratings-New York-17 August 2023: Fitch Ratings lowered the operating environment (OE) score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening and gaps in in the regulatory framework. The lowering of the OE score did not negatively affect the ratings …
“A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase . The ratings agency cut its assessment of the industry’s health in June, a move that …
BY DAVID HAGGITH The stock market is still purging some of its recent insanity this morning, but the real action has been in bonds. Fitch may have gotten everyone’s attention with its downgrade of US credit, but it has already turned into mainstream articles now pointing out what the financial media had been silent on. …
by Hephaestus4 Japan is selling U.S. treasuries and buy back Yen to defend its currency. This is not good for the U.S. as we go into a “doom loop”. Rates will continue to rise on the long end of the curve, which makes borrowing costs go up…which means more borrowing to keep this BS game …
via Mike Shedlock: “Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem,” said Fitch in its downgrade of US debt. Government expenditures and receipts through 2023 Q1 from the BEA, chart by Mish Government Expenditures and Receipts Notes The Bureau of Economic Analysis (BEA) numbers are incomplete …
It’s not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top rating from Fitch. According to the firm, it’s going to take a major step up in governance. Fitch Ratings cut the United States’ long-term foreign currency issuer default rating to AA+ from AAA on …
You can't make this up. Fitch basically just said that the US needs better fiscal management. The debt ceiling "crisis" was the straw that broke the camel's back. When will we get a more sustainable system? Follow us @KobeissiLetter for real time updates as this develops. — The Kobeissi Letter (@KobeissiLetter) August 1, 2023 https://t.co/TJAS6YAaBF …
by confoundedinterest17 Like the song “Walk away Renee,” the owners for the San Francisco Union Square Hilton and Park 55 Hotels are walking away from their sizeable loan payments. San Francisco is definitely feeling the blues. But it isn’t just San Francisco. Phil Hall reports that Fitch Ratings reduced its 2023 outlook for the U.S. real estate investment trust …
