Independent thinking for complex markets and current events
One southern city has become a boomer boomtown thanks to an influx of older Americans flocking to its age-restricted, bustling community. Georgetown, Texas is officially the fastest-growing city in the country in part due to its wealthy 55-and-older community called Sun City Texas. An analysis of Census Bureau data for cities with populations of at …
The break will be hard. And fast. And take everyone by surprise. pic.twitter.com/kk26gMoGBN — Mac10 (@SuburbanDrone) July 8, 2024 12m forward EPS est have surged to $260 (blend '24/'25), while actual earnings have been *flat* around $225 for ~2yrs. Plus paying 21x fwd, levels only seen in the tech bubble at these bond yields. pic.twitter.com/JcFgZhs7PJ …
by Confoundedinterest17 Well, the Trump/Biden CNN Presidential debate was a disaster … for Biden. It was the worst debate performance I have even seen. Even worse was the “victory” party where Jill Biden treated President Biden like a little child being potty-trained and shreiked that all Trump does is L:IED. How strange since ALL Biden does is …
Macro was ugly – really ugly – today: Personal Consumption ugly (Q1 downgraded on 3rd look), continuing jobless claims ugly (highest since Nov 2021), core capital goods new orders and shipments ugly (not a great signals for Q2 GDP), pending home sales ugly (puke to record lows SAAR), and finally, Kansas City Fed manufacturing ugly (21st month in a row without expansion)… This smashed the …
Surprise! US Economic Surprise Index Slumps To -28.10 (Lowest Since 2022)https://t.co/Csapb2jLBY — Jeff Lee 2020 (@JeffLee2020) June 22, 2024 The U.S. Economic Surprise Index dropping to -28.10 is concerning and suggests that the economy is performing worse than anticipated. If this trend continues, it could indeed lead to a recession. Economic indicators consistently falling below …
2/ Over the last 50 trading sessions, investors have grown increasingly bullish on the market This optimism has reached levels of complacency similar to December 2021 Just months before the market began a 25% drop pic.twitter.com/HvhkblDRMP — Bravos Research (@bravosresearch) June 20, 2024 4/ When many investors are bullish, smart money gets defensive, scaling back …
by confoundedinterest17 The US economy is going down. 2024 hasn’t been a good year for Bidenomics. The Economic Surprise Index is falling to its lowest point in years. The economic confidence index has been terrible since Covid and Biden’s Reign of Ecoomic Error. We need to give Biden the hook!’ And I don’t want The …
Recent economic updates from the U.S. paint a bleak picture, stirring deep unease among investors. The latest indicators, including the sharp decline in the Bloomberg Economic Surprise Index, signal a worrisome underperformance reminiscent of the tumultuous trends observed in 2019. This downturn in economic sentiment comes at a precarious moment, with all eyes fixed on …
President Biden made a surprise nighttime visit to the Delaware home of Hallie Biden on Sunday — just before she’s due to serve as one of the most important witnesses at first son Hunter Biden’s federal trial for alleged gun crimes. Biden stopped by Hallie’s home around 8 p.m. for a brief private talk eight …
by confoundedinterest17 I saw former President Obama criticizing former President Trump for not passing “transformative” changes. That is, Trump didn’t sign any Obama-like transformative changes (like Obamacare). Truimp did try to slow down the damage done by Obama and his transformative agenda (e.g., open borders, wealth redistritution, green energy) that Biden has attempted to continue. …
New data from Realtor.com shows that inventory on the US Housing Market surged by 30% in April 2024. With the share of sellers cutting the price also spiking to the highest rate since 2018. Surging homes for sale and price cuts suggests the housing market is weakening that home prices could drop significantly in coming …
Coinbase works extremely well for me: I never put any money in and never take any money out. I don’t even have an account. This makes it very easy to avoid any issues. h/t Same_Ad4736
Fox News reports that Rep. Mike Gallagher, R-Wis., chairman of the House select committee on China, is announcing he’s leaving Congress on April 19, which, Elizabeth Elkind points out, will temporarily leave House Republicans with just a one-seat majority. Causing Chad Pergram to ask: Could the Republicans’ slim House majority slip away before November? Have RINOs and/or NeverTrumpers decided that, instead …
A Chinese citizen living in Newark was arrested and charged Wednesday morning with stealing confidential AI files from Google while he was employed as a software engineer. https://www.theguardian.com/technology/2024/feb/22/google-pauses-ai-generated-images-of-people-after-ethnicity-criticism
The House GOP’s top tax writer doesn’t just face blowback over the surprise deal he unveiled this month: Now the background chatter suggests Rep. Jason Smith (R-Mo.) could lose his gavel. Why it matters: Senior Republican sources said Rep. Vern Buchanan (R-Fla.) — who narrowly lost a heated three-way race for the position in 2023 …
“NIKKI HALEY AND HILLARY CLINTON HAVE THE SAME DONORS!🚨 Another donor to @NikkiHaley ’s 2024 Presidential campaign is Reid Zeising. Zeising is the founder of Gain Services @gainservicing , and he also serves on the Board of an organization called Cherokee Funding @CherokeeFunding . Zeising has given Haley a total of $16,500 in 2024. Zeising …
Ohio Governor Who Vetoed Bill Blocking Sex-Changes For Children Took $40K From Pro-Trans Hospitals What a shock… Ohio’s ‘Republican’ governor, Mike DeWine, took over $40,000 from hospitals which prescribe puberty blockers and cross-sex hormones for children, before vetoing a bill that would outlaw puberty blockers and cross-sex hormones for children. DeWine stunned state Republicans on Friday, vetoing House Bill …
by confoundedinterest17 Biden is hoping for one more term as President. And declining oil prices might help him get re-elected. But we have a battle brewing! The United Nations and World Economic Forum (and their proxies John Kerry, Greta Thunberg and Green Joe Biden) against …. everyone else. Despite Biden’s lame attempts (through climate envoy John …
via MishTalk: There are likely big surprises elsewhere, but there is no surprise in this corner regarding Johnson’s plans to keep the government running. Mike Johnson Unveils Plan to Ward Off Government Shutdown Please check out Mike Johnson’s Plan to Ward Off Government Shutdown House Speaker Mike Johnson (R., La.) unveiled a two-step short-term spending proposal …
by callmecrude For anyone unaware, as of last week Cruise has indefinitely halted all of their driverless robotaxis nationwide after a slew of issues (accidents, blocking emergency service workers, parking in front of fire hydrants, unsafe driving near pedestrians) culminated in one of their cars running over a woman and dragging her body for 20 …
Israel claims that Gaza's Al-Shifa hospital serves as a command center for Hamas. Norwegian physician Mads Gilbert, who has worked at Al-Shifa for 16 years says there is "no evidence at all" that that is the case. "If it was a military command center, I would not work there." pic.twitter.com/pnNeRD9RuH — Democracy Now! (@democracynow) October …
via energyandgold: In this month’s conversation with 321gold founder Bob Moriarty we discuss the negative investor sentiment in the junior mining and commodities sectors. Bob also believes that investor sentiment on the US stock market has reached frothy levels, and the broader stock market is set up for a crash as soon as September. We then delve …
pic.twitter.com/uX9VoRGdXK — Genevieve Roch-Decter, CFA (@GRDecter) August 15, 2023 Does anyone remember August 2015 – Yuan deval? Well, it's about to be a lot worse this time as the Chinese government can't stimulate the economy and support the currency at the same time. So why not just let the currency do the heavy lifting? pic.twitter.com/fAcHUIQMhH …
https://t.co/fZhvHiuQ6S — Win Smart, CFA (@WinfieldSmart) August 4, 2023 Number Of Americans Able To Afford $400 Surprise Bill Slides In Era Of 'Bidenomics' https://t.co/3dV6xksB5F — zerohedge (@zerohedge) August 4, 2023 #Fed QT accelerates. Fed balance sheet shrank $91bn in July, -$759bn from peak, biggest drop ever to $8.2tn, lowest level since July 2021. Fed has …
via mishtalk: Interest rate odds still imply no rate cut by the Fed until March of 2024 despite year-over-year CPI inflation falling to 3.0 percent. Higher for Longer According to CME Fedwatch, the first rate cut will not be until March of 2024. CME data represents the futures and options positioning of traders. Only recently did …
“Not only did the court clarify that businesses must accommodate religious practices—but also, in a landmark decision, the court ruled that the government cannot force Americans to abandon either their constitutional rights or their religious convictions in order for them to be able to operate a business.” AC
by confoundedinterest17 Now that I know that the US is building a railroad from the Pacific Coast to the Indian Ocean (according to Resident Joe Negan), I feel so much better. /sarc On the other hand, The Philadelphia Fed’s Business Outlook index for June fell to -13.7. On the positive side, retail sales surprised to …
