Independent thinking for complex markets and current events
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth. That’s according to the International Monetary Fund’s latest staff report on China, completed in late December and released Friday. The prediction for a roughly 50% drop …
In a startling turn of events, China’s stock market faces unprecedented turmoil as nearly 30% of all stocks come to a grinding halt, with small caps limited down in an alarming 8% freefall within a matter of hours. This financial upheaval sparks concerns, hinting at an impending storm in the Chinese market. The tumultuous scene …
(Bloomberg) — Federal Reserve Chair Jerome Powell will appear on CBS News’s 60 Minutes this Sunday and will discuss inflation risks, expected rate cuts and the banking system, among other topics, the network said. CBS announced his appearance on the social media platform X on Thursday, the same day that the interview was conducted. Powell …
(Bloomberg) — A sense of panic gripped Chinese investors on Friday as shares swung sharply in the final hours of trading before closing at a five-year low. Traders couldn’t pinpoint any fresh news behind the moves but cited concerns about forced sales by leveraged shareholders as among reasons for the sudden acceleration of losses in …
Why? Bank reported massive exposure to US commercial real estate. https://japannews.yomiuri.co.jp/business/companies/20240201-166218/ h/t betsharks0
In a financial spectacle, the Magnificent 7 stocks now wield a market cap larger than the entire stock market of any country, excluding the U.S., as per Factset. The dominance of these tech giants within the S&P index is unmistakable, and projections indicate that this gap will persist in the current quarter. Contrary to popular …
The S&P 500 rose Monday and closed at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The benchmark index climbed 0.76% to 4,927.93, topping its highest ever close of 4,894.16, reached Jan. 25. The Dow Jones Industrial Average added 224.02 points, or …
Chinese stocks hit a decade-low P/E ratio at 8, revealing a concerning trend in valuation practices. In a seismic development, a Hong Kong court orders Evergrande’s liquidation, plunging its stock further, while China’s real estate index remains in an 85% free fall. In response to the crisis, China deploys economic stimuli, contemplating a short selling …
In a perplexing turn of events, the tech industry is witnessing a paradox where soaring stock values on Wall Street stand in stark contrast to a surge in layoffs. January 2024 has set a troubling record, with 23,670 workers facing layoffs from 85 tech companies, marking the highest monthly figure since March of the previous …
Property investment in China dropped 9.6% in 2023 from the same period a year earlier, after slumping 9.4% in January-November, according to data from the National Bureau of Statistics. — unusual_whales (@unusual_whales) January 25, 2024
In 1994-1995, tech stocks rallied into the first rate cut, then puked. byu/mrmrmrj inwallstreetbets Famously nothing has changed in the tech sector since 1995
After getting his 2023 forecast catastrophically wrong in Nov 2022 when he predicted the S&P would close 2023 at only 4,000, or effectively unchanged for the year… … Goldman’s chief equity strategist David Kostin scrambled to overcompensate in his next annual preview, first writing in his 2024 Equity Outlook note published in mid-November that he …
BREAKING: China economy grew around 5.2% in 2023: Premier READ: https://t.co/YFpRF9hjFj pic.twitter.com/kC6OyTC4YN — Insider Paper (@TheInsiderPaper) January 16, 2024 Chinese Premier Li Qiang said Tuesday the country’s economy was expected to have grown by around 5.2 percent in 2023, as he addressed an annual meeting of global elites in Davos. The figure would represent an …
A recent study from Vanguard has shown that over the past ~100 years, stocks have outperformed bonds consistently, and any extra allocation to bonds will reduce your overall returns. h/t nobjos
by ChampionshipUsed9855 Zuckerberg selling 428$million in Meta stocks Mark Zuckerberg sold nearly half a billion dollars of Meta Platforms Inc. shares in the final two months of 2023 after a two-year hiatus in which the company’s stock price hit its lowest in seven years. The Meta chief executive sold shares on every trading day between …
by Dampish10 $O, $MAIN (when it can) both fall into this category as being good sustainable dividend stocks that grow their dividends on a Quarterly basis (again $MAIN only when it can). I’m in the middle of making a list for ‘multi-hike stocks’ but a few of these I’ve never heard of and actually look …
by ChampionshipUsed9855 Don’t have this ETF’s cash flow, but here is P/E multiple history for Newmont Mining, largest position of this ETF (14% of portfolio). And P/E is around 7-year lows.
by DesmondMilesDant So basically when global CB’s raises rates to fight inflation the yields on bonds started going up. Now if the money was moving from stock market to bond market to chase higher yields then why didn’t the market crashed coz the vol must have gone up. Reason being banks create SP’s that dampens …
Stocks rose to start the last week of the year, pushing the S&P 500 closer to record levels. The S&P 500 climbed 0.42% to end at 4,774.75, while the Nasdaq Composite advanced 0.54% to settle at 15,074.57. The Dow Jones industrial Average gained 159.36 points, or about 0.43%, to close at 37,545.33. The Nasdaq 100 …
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 …
This year’s stock market rally was led by a handful of technology stocks that have come to be known by Wall Street as the ‘Magnificent Seven’. Apple, Amazon, Alphabet, NVIDIA, Meta, Microsoft and Tesla together are up around 75 percent since the beginning of the year. Americans holding them in their 401(k) savings accounts will …
via WSJ: Pandemic, zero-commission trading ‘created a whole generation of investors’ About 58% of U.S. households owned stocks in 2022, according to the Federal Reserve’s survey of consumer finances released this fall. That is up from 53% in 2019 and marks the highest household stock-ownership rate recorded in the triennial survey. The cohort includes families …
by ChampionshipUsed9855 Historically MU insiders had good timing and sold large amounts at price peaks.
The media is calling it a recall to tank Tesla stocks. They know what they’re doing. https://t.co/QzClQ3ZIyb — Ian Miles Cheong (@ianmiles) December 14, 2023 This article nailed it. https://t.co/HSsfk6uqwm — Ian Miles Cheong (@ianmiles) December 14, 2023 via dailywire: Mainstream news organizations mounted attacks against Tesla on Wednesday in an apparent attempt to damage …
Warren Buffett’s firm Berkshire Hathaway sold $28.7 billion of stock in the first three quarters of 2023 in a move that some economists have interpreted as ringing alarm bells for the American economy. According to the company’s earnings, the Nebraska-based firm of the legendary investor and billionaire, known as the Oracle of Omaha, sold a …
by ChampionshipUsed9855 Check out SNOW insider sells: A company that doesn’t make a profit. Frank Slootman CEO sold $344,130,000.00 just in December Michael P. Scarpelli CFO sold $240,891,000.00 just in December Snowflake (SNOW) Insider Trading Activity 2023 (marketbeat.com)
by welp007 Only thing I found was a Glassdoor comment about 6 days ago. https://www.glassdoor.com/Community/all-things-mbb/well-bcg-just-announced-in-north-america-that-individuals-are-no-longer-allowed-to-buy-stocks-except-funds-or-if-trades My thoughts on this discovery… Why does BCG, a consultant group need to have an individual stock ban for its employees, if it isn’t doing crimes? Is it because employees are APE’s and are buying basket stonks of abusively shorted companies …
by DAVID HAGGITH I just made my first major economic prediction for 2024 in my latest “Deeper Dive,” available to my paying subscribers, and let me summarize that we’re headed for a “year of chaos.” The article gives the particulars that form near mathematical certainty to the cause, laying out why it will bring what it will bring. We’re …
By Graham Summers, MBA The S&P 500 is consolidating after one of its best monthly performances in the last 30 years. Thus far in November, the S&P 500 is up 8.5%. If the month ended today, it would be one of the top 10 monthly returns for the S&P 500 in the last 30 years. …
