Independent thinking for complex markets and current events
by confoundedinterest17 Bidenomics strikes … again. No, not his inane ramblings about Hamas being “the other team” or that Hamas has to learn to shoot straight. But his policies freezing effects on the economy. Like housing. Existing-home sales faded in September, according to the National Association of REALTORS®. Among the four major U.S. regions, sales rose …
Lingerie chain Victoria’s Secret is reportedly ditching its woke, feminist makeover of recent years as it hasn’t translated to business success. Since the brand decided to move away from its “hyper-sexualized” image – as BusinessOfFashion.com described it in a recent article – Victoria’s Secret has seen a significant revenue drop. As such, it has looked to revamp …
More buybacks are needed pic.twitter.com/xpfXWNtnWH — Alessio (@AlessioTMAD) October 16, 2023 🔴 IPHONE 15 SALES DOWN 4.5% IN CHINA DEBUT VS 2022 – COUNTERPOINT. $AAPL — FinancialJuice (@financialjuice) October 16, 2023 Numerous insiders have sold $AAPL in the last year. To see all, check Unusual Whales. See more: https://t.co/ZqupDAkQ8p — unusual_whales (@unusual_whales) October 16, 2023
by VPee In a surprising turn of events for tech giant Apple Inc., the company’s stock price is poised for a significant downturn in the final quarter of 2023. The just broke it’s 4 days winning streak and the volume is much lower than normal. Numerous indicators, including a decline in projected sales and worrisome economic …
by absoluteunitVolcker I wonder if these drugs become popular enough, could they have a bigger impact on big food and beverage chains DPZ, QSR, MCD, PEP, KO, etc.? https://www.forbes.com/sites/mollybohannon/2023/10/04/walmart-exec-reportedly-says-ozempic-could-be-impacting-food-sales-slight-pullback-in-overall-basket/?sh=2906bc3d66a7 Walmart is studying changes in sales patterns by looking at anonymized shopper data and comparing that of people who take a weight loss drug like Ozempic …
US housing market affordability is, by far, at its lowest point in history. Even in the worst part of the 2008 financial crisis, affordability was ~15% BETTER than its current levels. With the recent move higher in treasury yields, we should see 8%+ mortgages within a week or… pic.twitter.com/fhfRwmMcSf — The Kobeissi Letter (@KobeissiLetter) September …
Pending Home Sales Puked In August To The Lowest On Record https://t.co/shhpLC0DTR — zerohedge (@zerohedge) September 28, 2023
Sales of Apple’s newest and priciest iPhones may be chilled by a growing chorus of user complaints about the phones overheating to the point of being too hot to hold and even shutting down on their own, with some testers recording temperatures above 120 degrees. Depending on the cause, Apple may only be able to address the …
by confoundedinterest17 The US housing market is slippin’ into darkness under Bidenomics. With existing home sales at their lowest since 2010 and new home sales finally hitting the wall, pending home sales were expected to decline MoM in August after an uptick in July (amid soaring mortgage rates and plunging affordability) and they did…hugely. Pending home …
by confoundedinterest17 Biden’s press secretary Karine Jean-Pierre said that Biden was laser focused on reducing inflation. At least he isn’t laser focused on little girls … for the moment. But he still does seem laser focused on providing Ukraine with billions of dollars. After months of soaring in the face of higher mortgage rates (and …
“Over 60,000 realtors have left the industry over the last 6 months, according to data from the National Association of Realtors” “Tens of thousands of real estate agents are giving up on the profession, thinning their pandemic-era ranks as the housing market comes back to earth. Why it matters: Realtors are on the ground floor of …
The US electric car market continues to grow strongly. Yes, Tesla still dominates (that’s not changing anytime soon), but several other automakers are also seeing fast-growing full electric vehicle (BEV) sales, and the number of BEV options on the market has exploded in recent quarters. Overall (lacking just a little bit of data from automakers …
by confoundedinterest17 So much for The Federal Reserve raising rates until it gets inflation to 2%. Yesterday, the left their target rate unchanged. But yesterday, The Fed released their dot project showing their target rate is expected to decline in 2024 and beyond. On the housing front, existing-home sales moved lower in August, according to …
French regulators on Tuesday ordered Apple to halt sales of the iPhone 12 for emitting too much electromagnetic radiation, and to fix existing handsets. The French agency that regulates radio frequencies, the ANFR, said testing found that the model emits more electromagnetic waves susceptible to be absorbed by the body than permitted. The ANFR said …
by AC Lowered prices greatly still no sales. Collectible market in the toilet. 7 days no sales on eBay and almost two weeks no sales on Facebook. I sell Vintage items toys, watches, mid century items, jewelry, pop culture items, video games. I’ve been on eBay since 1998. This is the worst it’s been the …
Total collapse is coming. My guess is the feds are trying to do everything they can to lie to the people so they don’t find out until after the election. Real Estate Industry in Panic Mode: 45% Drop in Home Purchases – Bigger Than '08! Home sales are now down 31% in 2023. Without transactions, …
At the same time, homebuyers are now putting FAR LESS down than the 2008 era. The average downpayment was 14% in 2020 and now 18%, well below the 22%+ seen in 2008. All while interest rates hit 30-year highs. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/ApTjkIQuRp — The Kobeissi Letter (@KobeissiLetter) …
Perfect video illustrating how Vivek Ramaswamy made his fortune on grifting investors. People are catching on that he's a smooth talking psychopathic snake oil salesmanpic.twitter.com/z1pHEQmwet https://t.co/bx9de7XCOd — Financelot (@FinanceLancelot) August 30, 2023 He's "too busy" to testify in the lawsuit of the pension funds he destroyed 🤣https://t.co/plHxe9YmUI — Financelot (@FinanceLancelot) August 30, 2023
Dollar Tree is planning to lock up some of its merchandise and may discontinue the sale of certain products, as theft makes a dent in the company’s profit margins. Richard Dreiling, Dollar Tree’s CEO, said on a call with analysts Thursday that the company is introducing new measures in the second half of the year …
by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-17565.pdf How to comment: www.regulations.gov (use IRS and REG-122793-19 to identify your submission) 60 days is October 28th, 2023 60 days is October 28th, 2023 Press Release: The U.S. Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) today released proposed regulations on the sale and exchange of digital assets by …
1970s inflation vs 2020s inflation: When you compare the inflation rates from 1972-1976, it’s almost identical to today. However, 2 years later we saw inflation spike to 11%. The peak inflation rate in the 1970s aligns perfectly with the 2022 peak. Are we about to see another… pic.twitter.com/SXwTUEdhh2 — The Kobeissi Letter (@KobeissiLetter) August 24, …
by confoundedinterest17 Bidenomics should be called Sovietnomics. Meaning the same type of command-driven economy that helped demolish the old Soviet Union instead of a western-style demand-driven economy. Biden’s reliance on “goin’ green” has been bad for the middle class (but a boon for the wealthy donor class like Tom Steyer, the donor when The Bidens …
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes sold at the slowest July pace since 2010. This count is for closings, so contracts were …
by Guysmarket This is coming from Tyson’s most recent earnings a little over a week ago Loss on chicken and pork: Notice that sales have not changed a whole lot: Right away, when I see something like this, I think of pricing power. If the economy was healthy, Tyson would have the power to mark …
⚠️CHINESE PROPERTY GIANT EVERGRANDE BANKRUPT – NY COURT — Don Johnson (@DonMiami3) August 17, 2023 WOW!CHINA’S SECOND LARGEST PROPERTY DEVELOPER #EVERGRANDE HAS JUST FILED FOR BANKRUPTCY Chapter 15 bankruptcy protection (NY) pic.twitter.com/2x9mPowevW — jeroen blokland (@jsblokland) August 17, 2023 👀 pic.twitter.com/M2Ge4Cxn36 — Genevieve Roch-Decter, CFA (@GRDecter) August 17, 2023
by confoundedinterest17 I wonder which season the US economy is in, according to President “Chance the Gardener” Biden. If you believe the recovery talk (from the reckless Covid economic and school shutdowns of 2020), all is well in the (economic) garden. For example, M2 Money Velocity (GDP/M2), is almost back to where it was just …
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 …
National Instant Criminal Background Check System (NICS) numbers released by the FBI at the end of July show the U.S. has enjoyed four years of one million-plus gun sales a month. The National Shooting Sports Foundation (NSSF) goes through the FBI’s figures following their release each month, and Public Affairs Manager Director Mark Oliva commented …
New ApartmentList data dropped The United States hit the HIGHEST average vacancy rate since they started tracking data in 2017 with the following metros hitting 6+ year highs: pic.twitter.com/8xqVfGyKef — Darth Powell (@VladTheInflator) August 2, 2023 “Similar to 2007 levels” for real estate sales volume. https://t.co/fk6JHQPSfS — Don Johnson (@DonMiami3) August 2, 2023 The summer …
