Independent thinking for complex markets and current events
via NYP: As the clock ticks closer to 2024, one outspoken economist is making a dire prediction about the markets in the new year. “Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous …
More regulation and rising trade tensions continue to be felt across the market. This also comes at a time when China's real estate market is in recession territory. Expect a bumpy road ahead as this continues. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) December 22, 2023 https://twitter.com/WinfieldSmart/status/1738012069352366371
The market is literally bullying the @federalreserve – i.e., loosening financial conditions w/ "core" CPI at 2x the @federalreserve's target. This, as @elerianm correctly stated, is what happens when you have a communication problem at the Fed (as we currently do). This is (very)… — Gordon Johnson (@GordonJohnson19) December 21, 2023 Perhaps. But that’s: (a) …
by Chris Black Algos don’t understand economic reality along with the laws if supply and demand. The market where the magical symbols representing a real company reside, is a screwed up version of Tron, where computer programs are fighting each other, with the Fed representing Master Control. In the real world there is no fundamental …
Gold miners (GDX) are setting the stage to outperform Gold (GLD) Leading up to the Fed meeting last week, GLD and GDX were showing signs of weakness But the exceptionally dovish Fed triggered a tremendous surge in both GLD and GDX GDX/GLD ratio has shown a positive correlation… pic.twitter.com/H0GOhIAWc2 — Bravos Research (@bravosresearch) December 21, …
% bullish (lower pane) is making a double top on the right shoulder, deja vu of the left shoulder. Note the correlation between Bitcoins and Internet stocks. pic.twitter.com/LPcMqilKR5 — Mac10 (@SuburbanDrone) December 21, 2023 S&P 500: The odds in my analysis favor that the intermediate top is in or very near. The recent euphoria is …
by alc_magic $AMD is set up to take a lot of market share from $NVDA for 2 reasons: 1.Much of of $NVDA ´s moat stems from CUDA, which enables developers to interact with $NVDA GPUs seamlessly when coding. However, Pytorch has become the dominant framework for deep learning (AI) and now, $AMD GPUs work out …
via Naturalnews: Congress is taking aim at the nation’s parasitical hedge funds, which are largely to blame for the housing crisis and bubble market that is preventing many hard-working Americans from owning a home. Two bills proposed by Democrats this week would require all hedge funds with single-family homes in their portfolios to sell them all off …
🏡 Real estate market cracks widen as buyers freeze this winter ❄️ Around 45,000 U.S. home purchase agreements were CANCELED, constituting 16.9% of homes under contract – the highest percentage since @Redfin records began. 📉 #RealEstate #MarketTrends #HousingMarket pic.twitter.com/E5uqDKtJ8S — The Coastal Journal (@1CoastalJournal) December 19, 2023 https://twitter.com/Econimica/status/1737380550602830333
by mark000 Start of June 1929 DJIA was 300. Start of September 380. That’s a 25% gain in 3 months. A full blown delusional manic meltup. Then the worst crash ever in October and by mid November the DJIA was 50% below the September all time high. Outlook is as doomish today. Europe and China …
Powell: dialling back policy restraint was a discussion topic for us at our meeting today FOMC: 3 cuts in 2024 Williams: We aren't really talking about rate cuts Bostic: 2 rate cuts Mester: Markets are a bit ahead on rate cuts Goolsbee: Fed is not precommiting to cutting… pic.twitter.com/R3qhuhkhDy — Simon Ree (@simon_ree) December 19, …
In a significant market development, the 10-Year minus 3-Month Treasury Yield Curve has remained inverted for a historic 278 consecutive trading days, marking the longest inversion in financial history. The inversion has deepened recently, reaching its lowest point since August, adding to economic uncertainty. Notably, Broadcom has emerged as a front-runner in the semiconductor industry, …
The stock market is currently experiencing its most overbought conditions since the early days of the pandemic, with traders displaying a fervent appetite for bullish options contracts. This surge in bullish sentiment is reminiscent of the situation leading up to the 2008-09 recession, raising concerns among seasoned analysts. A striking comparison can be drawn between …
https://t.co/XuqKrBc7sJ — Win Smart, CFA (@WinfieldSmart) December 15, 2023 China 🇨🇳 desperately trying pic.twitter.com/0i3v0Gbw1q — Win Smart, CFA (@WinfieldSmart) December 15, 2023
The rally in Apple Inc., the world’s most valuable publicly traded company, is showing no signs of easing. After closing at a record high on Thursday, the iPhone maker’s market value is approaching that of Europe’s largest stock market: France. The combined market value of companies listed in Paris was about $3.2 trillion as of Wednesday’s close, …
US bankruptcy filings on pace to reach highest level since 2020 US bankruptcy filings are picking up steam after a two-year decline. According to a report released by S&P Global Market Intelligence, there were 591 bankruptcy filings as of Nov. 30 this year, just behind 2020’s tally of 603 in the same period. By comparison, there were 367 filings …
https://twitter.com/WinfieldSmart/status/1735059771114360986 https://twitter.com/WinfieldSmart/status/1735060111888925103 Who would have thought that Fed tightening is followed by jumps in volatility pic.twitter.com/U02UnGCwhu — Michael A. Arouet (@MichaelAArouet) December 14, 2023 Markets had the BEST day since 2009 Major assets all climbed at least 1% each Wild. pic.twitter.com/VyzFK9SNHs — Genevieve Roch-Decter, CFA (@GRDecter) December 14, 2023 The Fed Pencils in 2-3 Rate …
Apple shares hit at a record Wednesday, closing at $197.96, up 1.7% on the day. The close puts Apple above its previous all-time closing high of $196.45 from July 31. Apple shares have now rallied 52% this year, giving the company a market value of $3.08 billion. Apple’s market cap has increased about $1 trillion …
by SilbergleitJunior It appears that we are heading into an extreme economic downturn.
Dealerships Just Collapsed and Dealer Lots are PACKED With $100,000 TRUCKS they CAN’T SELL. Ford, Chevy, RAM and Toyota can’t sell overpriced pickup trucks. Ford truck sales have plummeted. RAM truck sales numbers are at their lowest for the quarter in over 6 years, and Chevy is so desperate to sell their trucks that one …
by confoundedinterest17 Here comes Biden Claus, right down Constitution Avenue, bringing you a Christmas present of … 165% mortgage interest rates!! Mortgage applications increased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 8, 2023. The Market Composite Index, a …
India is where China was in mid-2000s. It is at the edge of the runway to take off and will double its GDP every 5 yrs or so. Its biggest challenge though is policy paralysis, while China being a one-party system can chart a 50 yr policy and march towards it, India has a chaotic …
by DesmondMilesDant The SPY ETF is currently trading at $461.99, up 1.79% on the day. The SPY has been in an uptrend recently, with the stock topping out at $495.00 just yesterday. Today’s market volume for the SPY is up significantly from recent levels, with 120B shares traded so far today compared to an average …
Price dropped from $84,500 to 18,000 / metric ton in the last year. And the courts have just ruled that Ford was illegally forcing its dealers to sell E cars. People aren’t buying them, and nobody wants to sell them. h/t JustmeTX
Many banks are kept afloat by borrowing from a special short term rescue fund at the Fed. To date over $ 100 billion has been borrowed to keep the banks solvent. The banks are sitting on a keg of financial dynamite with over $ 650 billion in unrealized losses on Treasury securities in addition to …
Legislation would also require BlackRock vanguard hedge funds to sell their portfolios of houses. I’m sure it’s to win brownie points with the voters although the implications of it actually came to pass could be devastating to areas like Phoenix Arizona. Hedge funds have purchased 44% of homes for sale in the last several years, …
Amid an acute housing shortage, soaring prices, and sky-high rents, a groundbreaking 28% of single-family homes in the United States were snapped up by investors in 2022. The surge in investment has led to growing concerns about affordability, prompting the introduction of a bill aimed at restricting hedge funds from dominating the single-family home market. …
Sir this is a casino. Morningstar: ‘Is this a stock market, or a casino?’ New 4X leverage S&P 500 ETN met with caution “An exchange-traded product that allows investors to place massively leveraged bets on the S&P 500 launched on Tuesday, according to a news release from the sponsor, Bank of Montreal. It is called …
