Independent thinking for complex markets and current events
US March PPI inflation rises to 4.0%, its highest since February 2023. BREAKING: US March PPI inflation rises to 4.0%, its highest since February 2023. Core PPI inflation was unchanged, at 3.8%, also the highest since February 2023. We are now officially seeing inflation metrics in the US that are at 4% or higher. Inflation …
Authored by Charles Hugh-Smith via oftwominds, The binary ahead is the result of a simple law of Nature: adapt or die. Will we revel in a New Roaring 20s of exhilarating expansion, or will we suffer a Great Depression 2.0? Gordon Long and I explore this binary in our latest podcast. Why is the next decade a binary of …
by Michael Is it possible that the Yellowstone supervolcano is gearing up for a major eruption? When most people think of Yellowstone, they tend to conjure up images of “Old Faithful”, Yogi Bear and a television show starring Kevin Costner. But the reality of the matter is that Yellowstone poses a very serious threat to …
By Graham Summers, MBA | Chief Market Strategist Has inflation been slain? According to the official data, the answer is “maybe” at best, but most likely “no.” There are three official inflation measures in the U.S. They are: The Consumer Price Index (CPI). The Producer Price Index (PPI). Personal Consumption Expenditures (PCE). CPI has effectively …
Keith Gill, better known as “Roaring Kitty” on X and YouTube and as “Deep——-Value” on Reddit, hosted his first livestream since the meme stock craze that took place three years ago. Gill said he believes in the video game retailer’s reinvention under CEO Ryan Cohen, reiterating his previous investing thesis and offering little new reasoning …
Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill’s net worth is over $289 million. The meme stock leader, who can move the stock by simply posting cryptic messages online, shared a screenshot of his portfolio Monday night, showing he held onto his …
The Dow is set to surge 50% by 2030 as the ‘roaring 20s’ are alive and well for stocks, market vet says With the stock market trading at record highs, the “Roaring 20s” thesis is alive and well. That’s according to Ed Yardeni, who expects the Dow and S&P 500 to soar 50% by 2030. …
This is exactly what should happen. The interesting thing is no one believes it will happen. Which means it probably will happen, but after a little more to suck more in. The incredible lack of volume lately would agree with this. — Minsky Moment Mark (@markpainter17) May 13, 2024 GameStop soars in meme stock flashback …
Down 17% since yesterday’s high of $30. Imagine FOMOing into the hype only to be down 17% in one day. h/t WillistheWillow
by Naive-Historian-2110 https://www.history.com/news/1929-stock-market-crash-warning-signs “History doesn’t repeat itself, but it often rhymes.” Mark Twain never lived to see the Federal Reserve, but he probably would have been able to recognize it’s cyclical nature. The Federal Reserve has a long history of facilitating a “boom and bust economy,” and sometimes, it creates interesting new financial environments that can …
by confoundedinterest17 The Federal Reserve is watching July’s jobs report carefully. According to the Bureau of Labor Statistics (BLS), the US economy added 187k jobs in July, less than the expected 200k. US average hourly earnings continued at 4.4% year-over-year (YoY). However, the last core inflation reading was 4.8% YoY, so real wages continue to decline. Rent …
by confoundedinterest17 As M2 Money growth has stalled, we are seeing inflation cool a bit. Core inflation YoY is now down to 4.8% (still >2x Fed target). The good news? REAL average hourly earnings YoY is finally positive for the second time under Bidenomics. It is now 1.2% YoY. Too bad rent CPI, typically the …