Independent thinking for complex markets and current events
Euro plunges below $1.04, lowest level in 2yrs as bets on ECB rate cuts byu/betsharks0 inwallstreetbets #Eurozone #manufacturing 📉 #services 📉https://t.co/rn0txeYG04 pic.twitter.com/rK9WqoU3sM — Invariant Perspective (@InvariantPersp1) November 22, 2024
BREAKING: Super Micro Computer stock, $SMCI, falls 27% after Ernst & Young announces they refuse to audit the company going forward. EY is "unwilling to be associated with the financial statements prepared by management," the statement said. Not a good look for SMCI. pic.twitter.com/oTi869K1v3 — The Kobeissi Letter (@KobeissiLetter) October 30, 2024 Super Micro’s shares …
"FMS investors have predicted worsening profits for two months in a row." – BofA Hartnett pic.twitter.com/LDOHf9m49q — Daily Chartbook (@dailychartbook) September 18, 2024 “FMS investors” typically refers to participants in the Fund Manager Survey (FMS) conducted by institutions like Bank of America. This survey gathers insights from global fund managers to gauge their outlook on …
BY DAVID HAGGITH And I’m DEAD WRONG on all of it (if all that you read is true)… but so is the Fed! Photo by Andrej Lišakov on Unsplash I’ve had, one might say, a great run for all of my predictions this year. Every step along the way, I was able to show where they came true. …
A Boeing 737 aircraft suddenly plummeted to less than 500 feet of the ground over Oklahoma, terrifying residents who feared the jet was going to crash. Southwest Airlines Flight 4069 was still nine miles away from Will Rogers World Airport just after midnight on Wednesday, when records show it dived to between 400 and 500 …
Chinese Yuan hit the lowest level versus the US dollar since November 2023. The yuan fell to as low as 7.2487 driven by capital outflows in China, disappointing growth and fear that the Federal Reserve rate-cut cycle will be delayed. pic.twitter.com/5p7jx0kQcf — Global Markets Investor (@GlobalMktObserv) May 29, 2024 Business with China 🇨🇳 📉 pic.twitter.com/gRKYF5mXBz …
As Bitcoin’s price tumbles by over 22% from its peak, marking its descent into a bear market, investors face a stark reality check after a prolonged period of soaring values. With prices dipping below $60,000 for the first time since February and recording the most significant drop since November 2022, anticipation mounts for potential record …
SAN FRANCISCO/LONDON (Reuters) – The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk’s polarizing persona. While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric-vehicle maker …
Manufacturing is dying…inflation is broadening…and the kids are trading a coin called “Joe Boeden” https://t.co/j5rTZY0CMz pic.twitter.com/V7mwSuLUc0 — Will DeCotiis (@Will_DeCotiis) March 15, 2024 The latest data from the U.S. NY Empire State Manufacturing Index paints a grim picture, with March’s figures plummeting to -20.9, indicating a rapid decline in the sector. Every indicator spells trouble: …
Haiti ‘will go hungry soon’, it has been warned, as looting sparks a food shortage in the Caribbean country where out-gunned police are battling rampaging gangs. Despite Haiti’s government on Thursday extending a state of emergency and nighttime curfew by a month to try and curb the violent gang attacks, US government officials fear that …
In a rollercoaster ride for investors, Nvidia, a colossal $1.2 trillion company, briefly witnessed a nearly 7% dip in its stock after posting stellar Q3 results exceeding expectations. With revenue at $18.1 billion and EPS at $4.02, the top 10 largest company in the world showcased its ability to move significantly, rallying nearly 30% in …
by confoundedinterest17 Biden’s leading “economist” Lael Brainard loves to brag about the strong economy under Bidenomics, and then pulled a brain freeze when asked about crashing savings rates as consumers struggle with inflation. The good news? One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed to 3.7% YoY in September (its lowest …
Morgan Stanley’s stock takes a significant dive, while Bank of America sees a decline in deposits, albeit slower than JPMorgan Chase, amid increasing competition for deposits. The U.S. commercial property sector is experiencing its highest distress level in a decade, with significant debt and defaults among major players, hinting at an impending reckoning as substantial …
by confoundedinterest17 Bidenomics is terrible! Just a huge payoff to be big donors (the donor class) for green energy, Big Pharma and Big Defense. Now Biden is considering using ankle monitors to prevent illegal immigrants from leaving Texas and traveling to welfare-friendly blue states like California and New York rather than just enforcing the border. …
Apple has lost its title as the world’s only company with a market valuation of $3 trillion, after the company warned it was headed for a fourth straight quarter of declining sales. Shares of Apple closed down 4.8 percent at $181.99, wiping more than $140 billion off the company’s market capitalization, in the stock’s biggest …
