Independent thinking for complex markets and current events
With rising interest rates and home prices still high, it’s becoming harder for buyers to make a move, while sellers are facing more competition than ever. It’s a challenging situation for everyone. New Single Family homes for sale explodes to the highest level since the Great Financial Crisis https://t.co/dCmR4LQBQc — Darth Powell (@VladTheInflator) January 27, …
Moderna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech company continues to cut costs and expand its portfolio. Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second …
2/2 But the stock is being legally manipulated via weekly call option buying daily, so the “stock price bros” can ignore all that (for now). But that won’t last as the real biz crumbles. 2025E is the “year of the TSLA bear”. pic.twitter.com/emfKds5V9b — Gordon Johnson (@GordonJohnson19) January 4, 2025 You want to sell when …
Credit card companies wrote off $46B in seriously delinquent loan balances in just the first 9 months of 2024. 50% increase YoYHighest in 14 years pic.twitter.com/IH3yW47xHq — Darth Powell (@VladTheInflator) January 3, 2025 Linkhttps://t.co/wD6lnwO923 — QE Infinity (@StealthQE4) January 3, 2025 Auto loan delinquency rates are at their highest in more than a decade, per …
Chinese automaker BYD Co. (1211.HK, BYDDF) has shattered its 2024 sales targets, delivering 4.27 million electric vehicles — a 41.3% leap from 2023. The company also hit a monthly sales record in December, posting 514,809 units sold. https://finance.yahoo.com/video/chinas-byd-sells-over-500k-150001986.html
$MSTR insider sales update: Now up to 5,700 transactions. 99.998% are insider sales… dumping their shares. From the Legal Council to the President and CEO, sell sell sell. pic.twitter.com/WDI5tqcI6h — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) January 3, 2025 🚨Blackrock Sells 3510 Bitcoin Largest ever outflow pic.twitter.com/wfamDCpfZg — Thomas Fahrer (@thomas_fahrer) January 3, 2025 …
Here is why? Prices are too high Rates are too high Lack of inventory due to no one giving up 2-4 percent rates Wall St has bought up hundreds of thousands of property to rent out Average People cannot afford average house h/t GoldFerret6796
We’re noticing this here in SW Fl. Homes are going for less or sitting on the market. New single family construction has dropped a lot. Of course we’d like our home value to stay up but more importantly we’d like our kids to be able to buy a home in the near future. h/t EJK54
For a massive chain like Walmart to be closing stores right as we enter the busiest shopping season of the year, something really bad must be going on. A few weeks ago, the company’s CEO Doug McMillion shared a bleak outlook for holiday sales, and warned investors about a profit squeeze. But the fact that …
Steepest drop since September 2008. pic.twitter.com/8lMdk43vdb — Financelot (@FinanceLancelot) December 16, 2024 China’s retail sales rose by 3% in November from a year ago, according to National Bureau of Statistics data released Monday, missing the forecast of 4.6% in a Reuters poll. That marked a sharp slowdown from 4.8% growth in the previous month. Retail sales in October …
Was at the Apple Store yesterday to get some upgrades before the tariff war increases prices, this was literally the worst holiday sales the store has seen (per employee) Its so bad you can see the 0 demand for the Vision Pro, totally worth the 40X. 2 weeks before xmas lol pic.twitter.com/nhhdizGBQy — The Punisher …
Home sales in Miami, FL have collapsed. Down 48% from their pandemic peak. Miami has experienced the largest drop in buyer demand of any large metro area in the last 3 years. Prices in Miami are still high. But could start dropping in 2025 as a result of this monumental collapse in demand. Home sales …
by confoundedinterest17 The last gasp of the Biden/Harris reign of (economic) error! After existing home sales unexpectedly ticked up in October, analysts expected new home sales to slow after their recent resurgence (-1.8% MoM). They were right… BUT… the magnitude is mind-boggling! New Home Sales collapsed 17.3% MoM in October. That is the largest MoM …
New Home Sales Sales of new single-family houses in October 2024 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 17.3 percent (±12.8 percent) below the revised September rate of 738,000 and is 9.4 …
🚨Toronto's New Condo Market Collapses Sales down 84%, future supply at risk as builders face soaring costs. This looks bleak….. So let's get at! THREAD🧵 pic.twitter.com/S4i9PC2z3v — Shazi (@ShaziGoalie) November 22, 2024 2/ 🏢 Condo prices drop: Down 1.6% year-over-year amid frozen buyer activity. — Shazi (@ShaziGoalie) November 22, 2024 4/ 🕒 Inventory levels climb: …
Yeah, we are absolutely drowning over herehttps://t.co/fqb9pF8bzM — Robert (infra 🏛️⌛️) (@infraa_) November 22, 2024 2024 housing market final sales predictions rolling in: "Existing home sales will be around 4.0 million in 2023, down from 4.1 million in 2023." Reminder NAR Chief Propagandist Lawrence Yun forecasted that they would rise 13.5%. pic.twitter.com/9zoNe4V6xF — Darth Powell …
by confoundedinterest17 Its a slow down in the housing market. Existing Home Sales were expected to rebound modestly in October (+2.9% MoM) after dropping for 6 of the last 7 months to the lowest levels since 2010, and they did. Sales rose 3.4% MoM (a beat) but thanks to a downward revision for September from -1.0% …
by Lower_Writer8250 Trump removes $7,500 EV tax credits and imposes import tariffs on all imported EVs. The US EV manufacturers are starved out, and Tesla is the only surviving US EV maker – I quote “Tesla does not depend on subsidies”. Tesla increases its US EV market share, seemingly as the only car manufacturer without …
📈 $NVDA accounts receivable 📈 from $9B to nearly $15B to show “growth”. AR means they’ve claim sales but haven’t yet collected the 💵. If Nvidia keeps 📈 receivables to hit this QTR “beat”, it could face accounting issues in its next 10K filing, like $SMCI today. https://t.co/G1AG98QQ2J — The Coastal Journal (@1CoastalJournal) November 14, …
CEO gets a haircut. “Chief Executive Makoto Uchida said he was taking a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming. Nissan Motor Corp. announced a global workforce reduction of 9,000 people, or about 6% of its more than 133,000 employees, as well as a plan …
Furniture sales in the U.S. have plummeted, signaling a significant downturn in the industry. In January 2024 alone, sales at furniture stores dropped by 9.8% compared to the previous year. This decline is prompting many retailers to hold going-out-of-business sales, particularly among smaller retailers struggling to stay afloat. Consumers are shifting their spending habits, moving …
Quarterly Results: Alphabet Inc. announced Q3 2024 financial results. Total Revenue: $88.3 billion, a 15% year-over-year increase. Google Services: Revenue increased 13% to $76.5 billion, driven by: Growth in Google Search and other services. Increased subscriptions and device sales. Strong YouTube ad performance. Google Cloud: Revenue up 35% to $11.4 billion, fueled by: Growth in …
by confoundedinterest17 We are in the jungle. And its a bungle in the economic jungle. Existing home sales disappointed (yet again) in September, declining 1.0% MoM (vs expectations of a 0.5% MoM rise). August’s 2.5% MoM drop was revised up to a 2.0% MoM drop, but still left existing home sales down 3.5% YoY… Source: Bloomberg Total sales …
The extent to which demand for existing homes has collapsed and remains collapsed is astounding, but ultimately not surprising: Demand plunged in 2022 when mortgage rates soared, and plunged a lot further in 2023 as mortgage rates continued to rise to almost 8% by October 2023. But then as mortgage rates dropped starting in November, …
by Mike Shedlock In September, retail sales rose 0.4 percent, up 0.3 percent inflation adjusted. Here’s where consumer spent their money. According to the Census Department Advance Estimate, retail sales rose 0.4 percent in September. Advance estimates of U.S. retail and food services sales for September 2024, adjusted for seasonal variation and holiday and trading-day differences, but …
Retail sales were flat on a year-over-year, not seasonally adjusted basis. But sure, keep telling yourself that they were strong. https://t.co/Bk32ws1gam pic.twitter.com/599ZHgCNRB — Neely (@NeelyTamminga) October 17, 2024
Here comes the real estate short sales repricing entire neighborhoods Race for the exits coming pic.twitter.com/9VzWD5W04L — Darth Powell (@VladTheInflator) October 5, 2024 There’s also (like California 🙄) a big variance between rent/own monthly costs It’s roughly $1000/mo cheaper to rent a single family home than to buy and mortgage a similar one with 10% …
by Mike Shedlock Many Florida homeowners are throwing in the towel on coastal living due to multiple hurricanes and insurance costs. It’s a similar setup in California. For Sale Signs Surge The Wall Street Journal reports In a Florida Town Ravaged by Storms, Homeowners All Want to Sell Kellen Driscoll bought his home here in 2019, …
🚨OIL PRICES CONTINUE TRENDING LOWER AS DEMAND WEAKENS🚨 WTI crude oil is trading below $70 a barrel and is down 7% this month. Since the April peak oil has fallen 28% despite the Middle East tensions. Global supply remains ample while demand drops rapidly weighing on prices. pic.twitter.com/jqRGnligCA — Global Markets Investor (@GlobalMktObserv) September 30, …
