Independent thinking for complex markets and current events
"Today’s multiple of 25x normalized earnings implies +2.6%/yr annualized returns over the next decade based on the historical relationship." – BofA Savita pic.twitter.com/6EojH5JtYl — Daily Chartbook (@dailychartbook) March 6, 2024 As the market soars to new heights, whispers of caution are surfacing, and a recent warning from BofA’s Savita suggests that the era of sky-high …
In a surprising turn of events, seven corporate executives are offloading their shares at an unprecedented pace, reminiscent of the sell-off trend witnessed in 2021. Jamie Dimon, the head of JPMorgan, parted with $150 million worth of $JPM shares on February 22, marking a notable move in the financial sector. Meanwhile, Mark Zuckerberg shed $661 …
Chinese property giant Country Garden is in trouble after a creditor filed a petition to liquidate the real estate company over unpaid debt. Country Garden Holdings Co. faces a liquidation threat over unpaid debts, it was reported on Wednesday. The turmoil comes amid a prolonged property slump in China, with a Hong Kong court receiving …
by WhatCanIMakeToday An interesting cohencidence of events around the upcoming March 11, 2024 BTFP end date. (This post puts together a lot of prior DD.) On March 11, 2024, BTFP will stop making new loans. [Federal Reserve Discount Window, Federal Reserve BTFP FAQ A.5] Which is the day after the OCC Proposal to Reduce Margin Requirements to Prevent A …
The global car market is teetering on the brink of a precipitous crash in 2024, a situation brewing since 2020. However, the sound of a car market crash has not just started, but it has reached the US horizon. But, it’s not just the U.S. The whole world is feeling the effects of this car …
(Bloomberg) — Chinese hedge funds were looking forward to a holiday break from the market turmoil when trouble started brewing last month. One manager had his short-selling orders abruptly rejected by brokers. Another was cut off from the stock market completely. Regulators turned up on trading floors at multiple funds to monitor transactions in person. …
No wonder MA real estate is hot, you get $48,000/yr for being unemployed https://t.co/2BKFS5pUcs — Darth Powell (@VladTheInflator) February 24, 2024
by Chris Black You can’t own a slice of a stock. ETFs don’t grant ownership of anything. When an online Fintech says you own a piece of Bitcoin, you really don’t. A real share of stock requires signatures to transfer ownership. All the day trading high frequency BS is just unregistered trades to influence the …
"Nvidia is worth more than China's entire stock market"pic.twitter.com/PJ5bV4yUM1 https://t.co/q8b79X2uZX — Financelot (@FinanceLancelot) February 23, 2024 It's a sad fact of markets that at key tops, most traders get stopped out before the big move begins. Now is no exception. Today, Nasdaq breadth was negative as I alluded to this morning. It was the Nasdaq's …
Nvidia’s stock pops 16% to spur biggest one-day gain in market capitalization by any U.S. company It’s a testament to Nvidia Corp.’s blockbuster run over the past year that Wall Street is, in a way, looking past eye-popping metrics like a quintupling of data-center revenue in the latest quarter. Investors have become so accustomed to …
Japan’s gross domestic product shrank by 0.4% in the last quarter of 2023, the Japanese Cabinet Office said — far below the 1.4% growth estimate. This followed a third quarter of 2023 in which GDP growth shrank by 3.3%. Most economists officially define a recession as “two consecutive quarters of economic contraction,” CNN said, so …
Authored by Charles Hugh-Smith via oftwominds, Unleash the powers of unlimited credit and excess capital on a limited, essential resource such as shelter and this is what we end up with: artificial scarcity, rent-serfs and half-vacant neighborhoods owned by absentee landlords. Ideologies sound wonderful in the abstract, but run aground in the granular real world. The …
Rising continuing claims? Still looks like it. pic.twitter.com/vMgMV5LJO1 — Don Johnson (@DonMiami3) February 15, 2024 Here's a proper zoomed-in view against the average – while initial claims remain low-low, continuing claims index is higher than many past averages. pic.twitter.com/Q1FCkHJqJX — Don Johnson (@DonMiami3) February 15, 2024
EPHRATA, Pa. (WHTM) — At least 45 fire companies and about 200 firefighters are responding to the scene of a building fire in Ephrata, Lancaster County this morning. Officials say they were called to the scene at Martin’s Country Market on the 1700 block of West Main Street in Ephrata Township just before 4 a.m. …
Welcome to the market rollercoaster, where optimism is the name of the game. Investors are reveling in the highs – 75% are singing praises, 20% are keeping a level head, and 5% are eyeing the potential pitfalls. Now, here’s the plot twist: experts are buzzing about not one, not two, but five rate cuts on …
This video dives into the heart of the Hong Kong crisis as China’s stocks hit record lows, wiping out $6 trillion. It uncovers the complex factors, from a selloff in stocks to real estate woes, triggering a market chaos. Discover the human stories behind the numbers, with families, businesses, and a city grappling with economic …
China’s overreliance on real estate has sent its economy tumbling toward 2008-era financial conditions, Kyle Bass told CNBC on Tuesday. “This is just like the US financial crisis on steroids,” the Hayman Capital founder said. “They have three and a half times more banking leverage than we did going into the crisis. And they’ve only …
by Domethegoon Nvidia’s market cap soars to $1.7 trillion, adding $750 billion in just 70 days, raising eyebrows over its valuation. With 2023 earnings at $4.37 billion compared to Microsoft’s $72 billion, questions arise about the sustainability of this remarkable ascent. Is the hype justified, or is there a looming reality check for Nvidia’s staggering …
The China Securities Regulatory Commission (CSRC) vowed on Monday to strictly punish market manipulation and malicious short selling, in a bid to promote the healthy and stable development of the Chinese stock market. https://t.co/kxKN0hMawK — Global Times (@globaltimesnews) February 5, 2024 The China Securities Regulatory Commission (CSRC) vowed on Monday to strictly punish market manipulation …
Daniela Cambone interviews Bert Dohmen, founder and president of Dohmen Capital Research, discussing the banking sector, China, the Fed, and the importance of having a Plan B in their recent conversation. Dohmen warns that the failure with regional banks last year was not a “one-off” situation, and he emphasizes that a “gigantic systemic meltdown” is …
#recession … #Tech Bubble 2.0 edition https://t.co/GXGiR8utxD — Invariant Perspective (@InvariantPersp1) February 5, 2024 #recession … #Tech Bubble 2.0 edition https://t.co/xXsq7QwWR2 pic.twitter.com/B2Et4wkyHi — Invariant Perspective (@InvariantPersp1) February 5, 2024 #recession … #StockMarket Bubble edition https://t.co/hpKJB934dD pic.twitter.com/9Q4YBQLIq1 — Invariant Perspective (@InvariantPersp1) February 5, 2024 https://www.hussmanfunds.com/comment/mc240204/ Market leadership is getting even narrower as the ‘Magnificent 4’ takes …
by confoundedinterest17 The great Will Rogers once said he never met a man he didn’t like. US President Joe Biden and Democrats have never met a spending opportunity they didn’t like (except for US border security, of course). Under “Deficit Joe” Biden, Federal budget deficits have soared! And deficits are projected to grow! Over the …
In a startling turn of events, China’s stock market faces unprecedented turmoil as nearly 30% of all stocks come to a grinding halt, with small caps limited down in an alarming 8% freefall within a matter of hours. This financial upheaval sparks concerns, hinting at an impending storm in the Chinese market. The tumultuous scene …
(Bloomberg) — Federal Reserve Chair Jerome Powell will appear on CBS News’s 60 Minutes this Sunday and will discuss inflation risks, expected rate cuts and the banking system, among other topics, the network said. CBS announced his appearance on the social media platform X on Thursday, the same day that the interview was conducted. Powell …
BY DAVID HAGGITH Powell drop-kicked the “Fed pivot in March” mantra to the floor today, driving the Dow down more than 300 points (-0.82%), the S&P down 79 points (-1.61%) and the topsy-tech NASDAQ down a major 345 points (-2.23%). Asked about the March mania, Powell said, “I don’t think it’s likely that the committee …
The ailing office market is headed for $1 trillion of losses, billionaire and Starwood Capital CEO Barry Sternlicht said. Per Bloomberg, Sternlicht said at the Global Alts conference in Miami Beach that US office properties, once a $3 trillion market, are worth about $1.8 trillion now. The cratering values have been the result of remote work being …
The commercial real estate (CRE) landscape is facing a challenging scenario, with 14% of all CRE loans and a staggering 44% of office building loans slipping into “negative equity.” This indicates that the debt on these properties now surpasses their market value. The current downturn, with office building prices plummeting by 40%, has pushed CRE …
Two years ago Elon Musk was promising 50% growth for the foreseeable future. That was the all time high for the stock and the market. Now Jensen Huang Nvidia CEO is promising the same feat. Nothing changes, except the fools who speak and the fools who listen. Two years ago Elon Musk was promising 50% …
The S&P 500 may be hitting a record high, but how much of the market does that actually apply to? And you look at other indexes like the iShares Micro Cap Stock Index, again, you see the same exact pattern here. Down in late 2012, early 2022, bottoms out around the middle part of 2022, …
