Interest payments surpass defense spending: $870B vs. $822B forecasted for 2024 federal budget.

In fiscal year 2024, U.S. national debt interest has exceeded spending on the military. The federal government spent $412 billion on military programs at the Department of Defense during the first half of FY2024. However, the rapidly growing cost of servicing the national debt surpassed military spending. Interest expenses …

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2-year Treasuries will soon surpass S&P 500 earnings yield

Source: BlackRock 2023 global outlook Q4 update https://www.blackrock.com/us/individual/literature/whitepaper/bii-global-outlook-in-charts.pdf The S&P 500 earnings yield is a measure of how much income investors are receiving per dollar invested in the stock market. It is calculated by dividing the total earnings of the companies …

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S&P Global: U.S. corporate bankruptcies rise this year rise to second-highest level since 2010. July ranked as the second-worst month of 2023 (so far). Corporate bankruptcies surpass every year since 2010 except for the COVID-impacted year of 2020.

by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-filings-propel-2023-us-corporate-bankruptcy-tally-past-2022-s-total-76838356 US corporate bankruptcies rose again in July as high interest rates and a challenging operating environment continue to push US companies over the brink. S&P Global Market Intelligence recorded 64 corporate bankruptcy filings in July, the …

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From SEC staff Memorandum: Figures 9B and 10B display daily counts of gross positions that surpass 7% and 10% of a U.S. listed security’s market cap, respectively. A single participant can hold multiple large positions, hence the count can exceed the total number of market participants…

by Dismal-Jellyfish Source: Memorandum from the Division of Economic and Risk Analysis My understanding is figures 9 and 10 outline the daily market participants’ gross positions in securities exceeding 7% and 10% of the security’s market capitalization. On average, 65 participants …

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