Independent thinking for complex markets and current events
Warren Buffett’s Berkshire Hathaway purchased more shares of Occidental Petroleum after the oil and gas producer tumbled more than 30% from its record high. The Omaha, Nebraska-based conglomerate scooped up 763,017 shares of the Houston-based energy company on Friday for $35.7 million, according to a regulatory filing. Berkshire is Occidental’s biggest investor, holding a 28.2% …
After 45-years gold has finally set a new all-time high. h/t @ISABELNET_SA pic.twitter.com/VguT0bNHvV — Lance Roberts (@LanceRoberts) February 14, 2025
Osaka Ramen serves both traditional and non-traditional ramen, with a variety of broth and protein options. The menu also includes bento boxes, sides and desserts. The restaurant announced on Wednesday that it will close its doors for good in less than two weeks. “The decision to close comes amid significant challenges facing Denver’s restaurant industry, …
The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6 per share, which was in line with Wall Street’s expectations. But CVS did not provide a revenue forecast for the year. It caps off the first full quarter with David Joyner, a longtime CVS executive, as CEO of the troubled retail …
The UK’s finances are beyond broken, and yet, the stock market cheers. The illusion continues—for now. The Bank Of England cut rates while increasing their inflation expectations If you think they did this to support UK economic growth then remove your beer goggles: – BOE run out of gold leading in the market inventory it …
by Mike Shedlock Gold does not believe the Fed has things under control and neither do I. Image from Trading Economics, Annotations by Mish. Gold Hits Record High on Safe-Haven Demand Amid Tariff Threats Reuters reports Gold hits record high on safe-haven demand amid tariff threats Gold prices rose to hit a lifetime high on Thursday, …
What did the S&P 500 bottoms from the 2018 Christmas Eve Crash, the Covid Crash, and the 2022 bear market have in common? Your answer can be found below. I'll see you at the next extremes. 🍻🍻 pic.twitter.com/cZUYXmF7IN — Mike (@MarketMike) January 31, 2025 US executives are selling stock at a record pace: The ratio …
Several big-name stocks have soared to unprecedented levels, marking a noteworthy day for investors. Here’s a quick rundown of the companies making headlines: Blackrock ($BLK): The asset management behemoth has seen its stock reach new peaks, reflecting strong performance and investor confidence. Google ($GOOGL): The tech giant continues to climb, with its stock hitting impressive …
While central banks worldwide race to slash interest rates, gold’s price is on the cusp of setting a new record. The old $3,000/oz price targets are now $3,300/oz – and demand from the central banks themselves have a lot to do with it… By Peter Reagan Your News to Know rounds up the most important stories …
by Michael At this moment, we are witnessing an epic struggle for dominance between the United States and China. A technological arms race is raging, and the Chinese are beginning to pull ahead. I realize that this may be difficult for many of you to believe, but if you doubt what I am saying just read …
Existing-home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024 (4.38 million). Sales grew 9.3% from one year ago, the largest year-over-year gain since June 2021 (+23.0%). The median existing-home sales price progressed 6.0% from December 2023 to $404,400, the 18th consecutive month of …
by confoundedinterest17 One reason that US home prices remain high (and unaffordable for many) is The Federal Reserve (aka, The Green Slime). Former Fed Chair (and Biden’s Treasury Secretary is no Luciana Paluzzi, the Italian beauty from the James Bond film Thunderball. Yellen is just a far-left economic hack. Look at the Case-Shiller national home price index …
😉 pic.twitter.com/TZp20zIqST — Amy Nixon (@texasrunnerDFW) January 26, 2025
The market’s reckless exuberance is running on free-money steroids. Back to the all time high. Breadth negative on both exchanges. pic.twitter.com/Unu50o96zo — Mac10 (@SuburbanDrone) January 22, 2025 It's true that I enjoy financial experimentation. I like watching it, I don't enjoy participating. pic.twitter.com/z1Tbxu64yR — Mac10 (@SuburbanDrone) January 22, 2025 Let's do this. pic.twitter.com/eNWBHDiT41 — Mac10 …
Authored by Lance Roberts via RealInvestmentAdvice.com, In a recent post, I discussed Wall Street’s return estimates for 2025 for the S&P 500 index. To wit: “We have some early indications of Wall Street targets for the S&P 500 index, and, as is always the case, they are optimistic for the coming year. The median estimate is …
This is arguably one of the most critical macro developments unfolding today. Even when adjusted for inflation, the 30-year yield has reached its highest level in 15 years. The US cannot sustain this for long, in my opinion. It will need either higher inflation or a… pic.twitter.com/CBshI3xGwd — Otavio (Tavi) Costa (@TaviCosta) January 15, 2025 Gold is looking …
US Bank has recently launched the US Bank Smartly Visa Signature Card, an enticing option for those who maintain a high balance in their accounts. This card promises substantial rewards, offering up to 4% cash back on all purchases for customers who keep a qualifying balance of $100,000 or more. This innovative approach is part …
Compare to August. On the Monday after the jobs report, stocks gapped down and the VIX exploded. Monday open was the low of the week. Today, the market gapped down amid relative complacency. This morning BTFD bounce could be the high of the week. pic.twitter.com/PnHNYjtIWw — Mac10 (@SuburbanDrone) January 13, 2025 This incipient bear market …
The common prediction that the Federal Reserve will cut rates as a response to an economic downturn due to high interest rates misses a significant global economic factor: the widespread collapse of major currencies, driven by governments’ heavy spending to fend off recessions. This scenario complicates the traditional narrative of monetary policy response. Around the …
by Michael High winds returned to Los Angeles on Sunday morning, and that is making one of the most catastrophic disasters in U.S. history even worse. Already, more than 60 square miles in the L.A. area have been burned. To put that in perspective, the entire city of Washington D.C. covers just over 68 square …
Authored by Charles Hugh-Smith via oftwominds, When 21% interest rate credit cards are the only thing keeping the lid on awakening and revolt, that’s not a sustainable fix. The easy credit, high interest rate swindle has been a financial feature of the landscape for so long it’s rarely examined for what it is: not just a …
Wholesale egg prices, as tracked by the Urner Barry Egg Index, have reached record highs at the start of the new year. This surge is mostly driven by the ongoing devastating impact of Highly Pathogenic Avian Influenza (HPAI), which has crushed commercial flocks and dented the nation’s egg-laying capacity Three weeks ago, new data from …
1/ The GTA just hit a mortgage crisis milestone. Delinquency rates (90+ days overdue) have surged 166% since 2022, reaching levels not seen since 2015. pic.twitter.com/Ts3PH0dhHM — Shazi (@ShaziGoalie) January 2, 2025 3/ What does this mean? A rising delinquency rate reflects collapsing market liquidity. Homeowners, unable to sell quickly or profitably, are defaulting instead. …
by confoundedinterest17 US home prices surged to the 17th consecutive all-time high. US home prices in the 20 largest cities rose 0.32% MoM in October (the latest data from S&P CoreLogic Case-Shiller), considerably hotter than the 0.22% rise expected. However, despite the MoM beat, the pace of annual acceleration has declined to its slowest since Sept …
62 000 people are now involved in criminal gangs in Sweden. We have almost 60 no-go zones. There was 149 bombings last year. We have one of the highest rates of r*pes in the world. Socialist policies destroyed my Sweden 🇸🇪 — PeterSweden (@PeterSweden7) December 28, 2024
Massive shorts on SLV, high number of stand for delivery, all pointing to a potential break down of Silver market. This Ed Steer interview gives good insights to the developing problem 🔴 Did the SILVER Market Just Break? (who REALLY controls the price?) https://t.co/SvsNNVqgJp… — David Lee (@DavidLe76335983) December 28, 2024 UPDATE: $SILVER FUTURES So …
🚨UNEMPLOYMENT IN CALIFORNIA IS SKYROCKETING🚨 The number of unemployed persons in California reached a whopping 1.05 MILLION, the highest in 3 years. Unemployment has jumped by 322,000 over the last 2 years. At the same time, the unemployment rate spiked to 5.3%. Recession? pic.twitter.com/gNpLH6z0ZH — Global Markets Investor (@GlobalMktObserv) December 26, 2024 Don't say you …
As retail investors flock to stocks with record inflows, yesterday 20 day skew hit a new all time high, as Wall Street quietly liquidates. pic.twitter.com/f5f9vfWUgy — Mac10 (@SuburbanDrone) December 24, 2024 A big Christmas vol crusher to round-trip VIX back to the lows of last week as if the hawkish FOMC had never happened. However, …
MSTR’s latest BTC buy shows Saylor’s strategy relies on 2 things: “numbers go up” and exciting the less sophisticated herd. MSTR issued $561mm of stock between Dec 16-22. And bought $561mm of BTC at $106,662 – and he’s already lost 10% on that latest BTC buy over the weekend.… pic.twitter.com/QHdcjlzcW1 — Novacula Occami (@OccamiCrypto) December …
