Independent thinking for complex markets and current events
The Cato Institute has released its much-anticipated 2024 Fiscal Report Card on America’s Governors, and the results are both revealing and polarizing. Iowa Governor Kim Reynolds earned the highest score for her fiscal policies, while Minnesota’s Tim Walz found himself at the bottom of the rankings. This report scrutinizes the fiscal record of each governor, …
“Stellar NFIB Sep report showing an economy steaming ahead at full throttle. Max uncertainty – highest on record, higher than during COVID Ease of hiring – Sep major easing vs August completely at odds with NFP – As easy as Dec 19 (Smalls are largest private employers in US) % planning capex spend down 5 …
Smart. They know this is the final rally before the collapse. Start lightening the load on your overweight equity positions. — South Auck (@south_auck) September 26, 2024 JUST IN 🚨: Stock Market hits highest level of Greed since March 13 and is on the verge of Extreme Greed! pic.twitter.com/jFNjcsdArx — Barchart (@Barchart) September 26, 2024 …
#Our1929Quotes Barry other than the niggling detail of the current stock market being in the biggest bubble of all time, there are no issues. Add Creepto into the equation and nothing even comes close… https://t.co/YNUtIXoWUF pic.twitter.com/YtIgm0PqDa — Michael Norinsberg (@Mnorinsberg) September 4, 2024 🚨IS THIS THE BIGGEST CONCENTRATION BUBBLE IN HISTORY?🚨 Magnificent 7 stocks now …
10-year Treasury yields being the highest relative to 2-year yields since 2022 indicates a widening gap. This is typically seen as a signal of improving economic conditions or inflationary pressures in the long term, as investors demand higher returns for holding longer-term bonds. Conversely, it can also suggest that the market expects economic challenges ahead, …
https://twitter.com/MichaelAArouet/status/1835570392057999604 U.S. debt skyrockets to $35.3 trillion, costing $3 billion daily just in interest. Interesting how nobody in DC wants to fix this? Why is that? Why hasn't Biden talked about this for 4 yrs? — floridanow1 (@floridanow1) September 16, 2024 This is another reason why I think the 10-year yield should hover around 4.25%, …
If this ain’t the housing market turning around, I don’t know what is The number of homes for sale in the Denver metro area have reached highs not seen since 2013. At the beginning of 2024, the region saw a surge of new listings flood the market. There were nearly 11,000 homes for sale at the end …
TLDRS: US bankruptcy filings surged in August, reaching 63 filings, up from 49 in July, marking the third-highest monthly total in 2023. The year-to-date total for 2024 stands at 452 filings, nearing the 466 filings recorded during the same period in 2020. August’s spike in filings follows the earlier highs of 72 in June and …
Layoffs continue to grow in the tech industry Tech companies continued to cut jobs at a rapid pace in August 2024. More than 27,000 workers in the industry lost their jobs as over 40 companies, including big names like Intel, IBM, and Cisco, as well as numerous smaller startups, announced layoffs. To date, more than …
Now would be a good time for the old rug pull. h/t Perfect_Alarm_2141
An air temperature of 102°F (38.9°C) and 85% relative humidity produced this brutal heat index. Check out the data from the weather station here: https://t.co/MsEqPTxAF6 — Colin McCarthy (@US_Stormwatch) August 28, 2024 However, a historic heatwave is occurring across much of the Middle East, and one weather station in Dhahran, Saudi Arabia—which currently holds the …
A chemical used in rocket fuel, fireworks, and airbags has been detected in various supermarket and fast food items, according to a recent study. But how worried should you be? Researchers with Consumer Reports tested 196 food samples and discovered that about 67% contained varying levels of the chemical perchlorate. The findings, published on August …
Babe Ruth’s ‘Called Shot’ World Series Yankees Jersey Sells for Record $24.12M One bidder paid a pretty penny to acquire a piece of one of the most iconic moments in baseball history. ESPN’s Dan Hajducky reported the jersey that New York Yankees legend Babe Ruth wore when he “called his shot” in the 1932 World …
Source: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240731.pdf TLDRS: The Federal Reserve’s July FOMC meeting minutes highlight economic concerns and financial vulnerabilities. Usage of the Overnight Reverse Repo (ON RRP) facility slightly declined, with a more noticeable decrease expected later in the year due to increased Treasury bill issuance but could change due to idiosyncratic factors specific to some ON RRP participants. …
Kamala Harris's 2025 capital gains tax would be the highest in over 100 years. Everyone will be selling everything in 2024 and the economy will implode. https://t.co/gKC472uJgz pic.twitter.com/xqNqaWaoG0 — Financelot (@FinanceLancelot) August 20, 2024 45% will destroy lives. Work an entire life to finally have a single stock options payout and Kamala takes half plus …
People’s fears of losing their job are at the highest point in a New York Fed survey’s 10-year history, even as the unemployment rate remains low. A new labor market survey shows Americans have rarely felt more in need of new job opportunities — an indication of a more negative outlook about the economy despite …
Daily $VIX options just hit the highest level since 2018 Volmageddon and yet the house of cards is still standing Do you know what this means? That when things will be “serious” for real $VIX will fly The theoretical $VIX level hit in 1987 was 172.79, that’s the ATH (so far) https://t.co/KrJgjr9gp9 pic.twitter.com/i68O8zHTJQ — JustDario …
Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ TLDRS: The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey reveals significant changes in the job market, with 28.4% of individuals actively searching for jobs, the highest level since the survey’s inception in 2014. The rise in job searches was particularly pronounced among those over 45, without a college degree, …
Borrowing in JPY, exchanging for USD (unhedged), buying US equities now they need to buy a rising JPY to cover their new obligations, and to get it they need to sell those equities. h/t _amc_
Housing inventory is quickly recovering+39.9% YoY; highest level since June 2020 pic.twitter.com/bsUmipgWBe — Piker Capital (@PikerCapital) August 5, 2024
2/ Initial jobless claims has been rising throughout 2024 Which points to a slowly weakening labor market pic.twitter.com/Uf9VtSYRZG — Bravos Research (@bravosresearch) July 30, 2024 4/ A rise in claims has also coincided with sharp market declines pic.twitter.com/YyyynzYOhb — Bravos Research (@bravosresearch) July 30, 2024 6/ In 2024, claims have risen from 190,000 to 240,000 …
🚨GLOBAL RECESSION ALERT🚨 Copper plummeted below $4.10 for the 1st time since Mar 2024, heading for the worst streak since the Pandemic CRASH. Copper fell for 9 days straight, as inventories SPIKED to highest since 2020. As a reminder copper is a key economic bellwether. pic.twitter.com/FGTB5A3fzt — Global Markets Investor (@GlobalMktObserv) July 25, 2024 ANOTHER …
wow this the highest 10 day realized vol has been since May 2023 pic.twitter.com/m0Ke0i3D59 — Michael J. Kramer (@MichaelMOTTCM) July 26, 2024 2/ Michael Burry recently sold about $50 million worth of his stock portfolio This is the same investor who foresaw the housing market collapse in 2008 And made millions by being on the …
by Mike Shedlock The homebuilders’ inventory of started but unsold homes is steeply rising as sales drop. It will take price cuts to clear inventory. Data from census department, chart by Mish New Residential Construction Yesterday, the Census Department released the New Residential Construction report for June. New Home Sales: Sales of new single-family houses in June …
Top Ten States with the Highest Cost of Living byu/Perfect_Alarm_2141 ineconomicCollapse
AAII bulls up to 52.7% – highest level of this year and 2nd highest level since early 2021. Optimism is elevated, but risks become more acute when the crowd heads for the exits pic.twitter.com/0foZRmidNi — Win Smart, CFA (@WinfieldSmart) July 19, 2024 356 companies have filed for bankruptcy this year, higher than in the pandemic …
Initial and continuing jobless claims are continuing to rise with initial claims at 243,000 (+20,000 in one week) and continuing jobless claims at their highest level since 2021. — Wealthion (@wealthion) July 18, 2024 Continuing jobless claims increased to almost 1.9 million today, the highest since late 2021#MacroEdge — MacroEdge (@MacroEdgeRes) July 18, 2024 ⚠️Breaking! …
The S&P 500's price to peak earnings ratio has moved up to 25.9, its highest level since 2000 and 50% above the historical median. $SPXhttps://t.co/l5IYmkf6Ih pic.twitter.com/DFI74St163 — Charlie Bilello (@charliebilello) July 17, 2024 Nasdaq Large Engulfing candle, followed by a falling window 2 major warnings🚨 Engulfing is a bearish trend reversal candle. Falling window is …
1) The graph above points to how bifurcated the US Housing Market is right now. Texas and Florida literally have 276% more inventory than the entire Northeast US, which comprises 9 states. Prior to the pandemic these regions had the same amount of inventory. — Nick Gerli (@nickgerli1) July 15, 2024 2) It's even crazier …
