Independent thinking for complex markets and current events
The Biden Administration announced intent to refill reserves almost a year ago. A target price of $67-$72 per barrel of crude oil was established. Currently, we are almost 20% above that level. A major issue. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 5, 2023
US job openings fell in June to the lowest level since April 2021, suggesting some softening in demand for workers in an otherwise resilient labor market. pic.twitter.com/fXipTISecT — Cheddar Flow (@CheddarFlow) August 1, 2023
A new poll found American’s confidence in the U.S. military to be the lowest it’s been in two decades. American politicians’ confidence in defense contractors seems to be at an all-time high based on the stocks trades we've seen. pic.twitter.com/hhqM0aVPGD — Quiver Quantitative (@QuiverQuant) July 31, 2023
Otavio (Tavi) Costa: “Corporate bonds now yield only 0.12% above the Fed Funds rate. The lowest level since 2007, preceding the Global Financial Crisis. Every time credit spreads were at historically suppressed levels, a hard-landing scenario followed. Perhaps this time is indeed different, but I would rather base my perspective on numerous indicators pointing towards …
by bullsarethegoodguys Societe Generale Since the Federal Reserve began aggressively hiking interest rates last year, more and more economists warned that a US recession was imminent. But that recession has not yet arrived, and there’s no sign a recession is near even after reliable indicators like the inverted yield curve flashed red flags. According to …
by Michael If you are trying to sell your home right now, I feel so sorry for you. Thanks to the Federal Reserve, mortgage rates have risen to very alarming levels, and this has scared millions of potential homebuyers out of the market. Compared to two years ago, the average potential homebuyer is facing mortgage …
Paris home prices slumped to the lowest level in four years as rising interest rates extended a downturn that gained steam during the Covid-19 pandemic. Asking prices in June decreased 4.1% from a year ago, falling to €10,936 per square meter — the lowest level since January 2019 — according to figures compiled by Le …
USD has just closed its lowest weekly candle since April 2022 With the break of key support and a bearish MACD cross, downward momentum looks dominant pic.twitter.com/Y7OhawkHjX — Bravos Research (@bravosresearch) July 18, 2023 2-year Treasury yield and USD have significantly diverged Signaling that the Fed has mattered less to the Dollar in 2023 pic.twitter.com/CFsDKmAvYv …
https://twitter.com/RealJamesWoods/status/1681103061840969728?ref_src=twsrc%5Etfw
That's the week. We have now entered the pre-FOMC silent period. 96% probability of July rate hike. Peak earnings. Lowest liquidity period of the entire year. Nothing can go wrong now. pic.twitter.com/TEXdXB3q2w — Mac10 (@SuburbanDrone) July 14, 2023 Anyone who buys this chasmic gap between the wealthy and everyone else deserves what's coming. This impending …
by confoundedinterest17 Bidenomics relied of massive Federal spending thanks to Covid and massive monetary expansion. This led to the highest inflation in 40 years (Bidenflation). But now The Fed is slowing M2 Money growth into negative territory and hiking their target rate. The result? Bank credit growth has crashed to 0.5% YoY. In other words, …
As approval ratings for Kamala Harris have now plunged to the lowest level for a vice president in nearly 30 years, talk of replacing her atop the 2024 Democratic ticket has only grown over the past few months. An NBC News survey conducted earlier this month and published last week found that just 32 percent …
“Personal savings have plummeted following C19 It’s now at the lowest levels since 2013 WIth credit card debt and interest rates at their highest levels, consumers now face major headwinds” Personal savings have plummeted following C19 It’s now at the lowest levels since 2013 WIth credit card debt and interest rates at their highest levels, …
via CNN: In addition to the world’s lowest birthrate, South Korea has one of the world’s fastest aging populations. That has left it with a problem familiar to graying nations across the world, namely: how to fund the pension and health care needs of a growing pool of retirees on the tax income generated by …
“The last three recessions occurred when this proxy measure was at or near its lowest levels. The current reading is at or below any spread since at least 1998. Couple poor profit potential with fleeing deposits, and the banks’ ability or profit motivation to lend is minimal.” The last three recessions occurred when this proxy …
The issue of declining life expectancy in the country has garnered increased focus in recent times, particularly during the pandemic, where the biggest decline since WWII was observed. With the ongoing decline in life expectancy in the United States, a recent report reveals that Americans were at a disadvantage starting in the 1950s. Unfortunately, the …
Support for the Black Lives Matter movement has dropped to its lowest level in the US since the police murder of George Floyd three years ago, according to a new poll. The poll from Pew Research Center published on Wednesday found just 51 percent of adults support the BLM movement, down from a high of …
Gallup: Views of State of Moral Values in U.S. at New Low. “Americans’ already poor ratings of the state of moral values in the U.S. have fallen further to the lowest point in Gallup’s 22-year trend. The 54% of U.S. adults who rate moral values in the country as ‘poor’ marks a four-percentage-point increase since last …
BREAKING: Volatility Index, $VIX, drops below 14 for the first time since February 2020. In other words, volatility in the stock market is now at its lowest point since pre-pandemic. The $VIX is now down 55% from its recent high just 2 months ago. Bulls are not messing around. — The Kobeissi Letter (@KobeissiLetter) June …
