Independent thinking for complex markets and current events
The number of people who have been unemployed for more than 15 weeks has indeed reached its highest level in over two years. This trend reflects ongoing challenges in the labor market, despite overall improvements in employment rates. The number of people who have been unemployed for more than 15 weeks reaching its highest in more …
What PredictIt says this morning: – Trump has 61% probability to win the race. Highest ever.– Biden has 20% probability to win. Lowest ever.– The “Other” option, at 19%, is on the verge to become the second most likely option. pic.twitter.com/7KNzlV4Ebs — Stephane Deo (@StephaneDeo) July 11, 2024
by confoundedinterest17 Hot ‘Lanta! Or perhaps COLD ‘Lanta! And despite what Biden says, thiere isn’t an economic revival. Yes. everyone can see the mental decline in President Biden and he should be in a nursing home. While he vows to run for President against Donald Trump, can you imagine what he will be like in 2 years? …
Price cuts on the US Housing Market just hit their highest level in six years. With 24.3% of sellers reducing the price of their house in June 2024. That's the highest rate since 2018. A signal that there will be downward pressure on home prices in the 2nd half of 2024. pic.twitter.com/sjUNDu2Sa4 — Nick Gerli …
Corporate bankruptcies in the United States surged to their highest monthly level in June 2024 since early 2020. A total of 75 companies filed for bankruptcy during that month, surpassing the numbers seen in June and July of 2020. The increase in bankruptcies is attributed to factors such as high interest rates and rising wages, which …
IMO- Retail sales NUMBERS have held up due to total dollars, but that means buying less physical goods. NOW, cumulative inflation has pushed people into getting even less and adding more on their cards just to survive? — Scott Sheller (@ScottSheller) July 5, 2024 CAUTION: Housing defaults have just skyrocketed This is unlike anything we’ve …
In June, construction industry saw largest increase in layoff announcements per @ChallengerGray … hasn't seen a spike that large since September 2007 pic.twitter.com/6zee9KAtVf — Kevin Gordon (@KevRGordon) July 3, 2024 Continuing claims a new cycle high Approaching 1.9mm #MacroEdge https://t.co/sDxirI4NOC pic.twitter.com/Rod0M3P2mT — Don Johnson (@DonMiami3) July 3, 2024 Nice little pop in job openings in …
JUST IN 🚨: Secured Overnight Financing Rate jumps to 5.4%, the highest level in history pic.twitter.com/M7i8gcvpTG — Barchart (@Barchart) July 3, 2024 🚨BREAKING **SOFR Surge – July 2, 2024** – **Current Rate**: SOFR jumped to 5.4%, highest EVER •A rise in SOFR typically signals 📉 liquidity in the market • When SOFR 📈, it can …
Florida is facing notable risks in its housing markets. According to a recent report by Parcl Labs, 13 out of the 15 housing markets labeled as “at risk” are located in Florida. Here are some key points: Reasons for Risk: Hurricane Ian: The impact of Hurricane Ian in September 2022 has contributed to additional softening in Southwest Florida. Spiked Home …
In May 2024, both Washington State and Illinois experienced an unemployment rate of 4.9%. While Washington’s economy added an estimated 16,000 jobs during that period, Illinois saw an increase of 12,700 nonfarm payrolls. It’s interesting to note that last summer, Washington’s unemployment rate was a record low of 3.6%. Washington State takes the 4th slot on highest unemployment rate along with …
Asset managers have significantly increased their short positions on the Japanese Yen. The currency is at risk of sliding to levels last seen in 1986, with bearish traders seemingly unfazed by the possibility of government intervention to support Japan’s embattled currency. Some experts suggest that a slump as far as 170 yen per dollar (approximately …
This is Atlanta's highest paid judge, Christina Peterson, a Democrat. She was arrested this week for for punching a cop in the head, outside of a bar. She was booked into Fulton County jail on felony charges. She was already facing 30+ ethics charges.pic.twitter.com/Y9HQ9u4yX4 — Citizen Free Press (@CitizenFreePres) June 23, 2024
The top 4 @ISDA member banks with the HIGHEST amounts of DERIVATIVES 👇🏾👇🏾👇🏾 https://t.co/OopEpyvspm — PHIL 4 REAL (@StretchItSomeMo) June 21, 2024
According to recent reports, continuing claims for unemployment benefits in the U.S. have reached their highest level in two years. As of the week ending November 18, 2023, approximately 1.93 million people were collecting unemployment benefits, which is about 86,000 more than the previous week. This trend indicates that some individuals who are already unemployed may be facing challenges in finding new work. …
BEWARE: Housing defaults have just hit the highest levels since 2011 This is not looking good pic.twitter.com/lFqQMxpVNt — Bravos Research (@bravosresearch) June 19, 2024 Here's a comparison of home prices through 23 & 24 months since cycle peaks. 2006-08 vs 2022-24 on left. On the right is months 25 and on of the 06 cycle. …
The 2024 Central Bank Gold Reserves (CBGR) survey conducted by the World Gold Council reveals that 29% of central bank respondents plan to increase their gold reserves in the next twelve months. This is the highest level observed since the survey began in 2018. The motivations behind these planned purchases include a desire to rebalance gold holdings, domestic gold production, and concerns related to financial markets, including …
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 …
by confoundedinterest17 Under Bidenomics and Fed monetary “policies”, we now have the wreck of the US middle class. To begin with, America’s paychecks are bigger than 40 years ago, but purchasing power of those larger paychecks is about the sames as it was 40 years ago. Great job Washington DC!!! … NOT!!!! Meanwhile, credit card delinquencies …
The D.C. region is consistently ranked as one of the top cities for entrepreneurs and startup businesses, but the failure rate of new businesses is also high. According to LendingTree research, the failure rate of D.C. startups during their first year in business is 32.2%, compared to 23.2% nationally. That’s based on the latest data from …
More armed conflicts took place worldwide in 2023 than any other year since the end of the Second World War, according to a Norwegian study published Monday. Last year saw 59 conflicts of which 28 were in Africa, the the Peace Research Institute of Oslo (PRIO) showed. But the number of countries which experienced conflicts …
FOMO at the highest ever 👀 pic.twitter.com/Qoy3QMg1Ix — Menthor Q (@MenthorQpro) June 8, 2024
The Federal Funds Rate, which is the interest rate at which depository institutions lend balances to each other overnight, has indeed reached its highest level since 2007. As of May 2024, the rate was reported at 5.33%, which is a significant increase from the historic low of 0.08% in 2022. Retail spending in freefall Total card spending was down …
Credit card delinquencies have surpassed pre-pandemic levels and continue to rise. Severe credit card delinquencies, those 90 days overdue, have now climbed to 10.7% — the highest since 2012, per CNN. — unusual_whales (@unusual_whales) June 6, 2024 Credit card delinquencies have surged beyond pre-pandemic levels. According to the Federal Reserve Bank of New York, the …
Rising government bond yields in Japan usually correlates with lower USD/JPY exchange rate. It should also put a selling pressure on long-term US government bonds as Japanese bonds become more attractive and Japan own $1.2 trillion US bonds. Source: Apollo pic.twitter.com/gpdwPLMowL — Global Markets Investor (@GlobalMktObserv) June 2, 2024 Spiking Interest Payments on the Ballooning …
What will that do for the everyday average person? Fox: The Nasdaq just hit 17,000 for the first time ever. This is the highest level ever recorded in history pic.twitter.com/xsZnfNTWsd — Headquarters (@HQNewsNow) May 28, 2024 Trump four months ago: I hope the economy crashes in the next twelve months (The Dow just hit 40,000 …
This "market" is now powered by options on futures on the highest octane stock. pic.twitter.com/A3DWBYtV6J — Mac10 (@SuburbanDrone) May 25, 2024 This week's SPY volume equaled Thanksgiving which was 1.5 trading days shorter. And, a doji on the weekly = "indecision". No volume conviction + no price conviction. pic.twitter.com/NpheVDiLcB — Mac10 (@SuburbanDrone) May 25, 2024 …
In a startling turn of events, the Japanese 30-year yield has soared past 2%, reaching its highest level since 2011. This financial milestone, combined with the USDJPY’s stubborn persistence around 156.5 despite softer CPI, weaker NFP data, and a $60 billion intervention, paints a grim picture for the global economy. Key Points: The Japanese 30-year …
Rep Jodey Arrington criticizes Joe Biden’s budget proposal by alleging that it will lead to record levels of government spending, borrowing, and taxation, potentially exacerbating inflation, interest rates, and living costs for working families. It expresses concern that these policies could steer the country toward economic instability and a sovereign debt crisis, while also implying …
California has the loosest labor market in the country – started discussing the unemployment dynamic here back in August of 2023. Now has highest unemployment rate and 6% fewer job postings than pre-Feb 2020. Unemployment is rising in 10 largest counties. UR moving opposite… pic.twitter.com/m2MmviTeME — Don Johnson (@DonMiami3) May 9, 2024
The numbers: Initial jobless-benefit claims rose by 22,000 to 231,000 in the week ending May 4, the U.S. Labor Department said Thursday. That’s the highest level since last August. Economists polled by the Wall Street Journal had estimated that new claims would rise to 214,000. Last week, claims rose a revised 1,000 to 209,000, compared with… …