Independent thinking for complex markets and current events
WELLS FARGO JUST CALLED THE TOP And nobody wants to hear it. Tech sector downgraded to neutral. Not bearish. Just neutral. Wall Street’s politest way of screaming “get out while you can.” The numbers they’re too afraid to say out loud: THE VALUATION CHASM: Tech stocks: 46× earnings. S&P 500 average: 29×. That’s a 59% …
Authored by Mike Shedlock via mishtalk, The housing picture remains grim. NAHB Wells Fargo Housing Market Index (HMI), chart by Mish Housing cannot gain traction as mortgage rates are still too high and prices are out of sight. Please consider the NAHB/Wells Fargo Housing Market Index (HMI) for August, 2025. Key Findings Current sales conditions fell one …
China reportedly imposes "exit ban" on Wells Fargo executive https://t.co/LpE4nIjMDS — Axios (@axios) July 18, 2025 The big picture: “The case underscores multinational companies’ fears about the risks of operating in China, especially in regard to staff safety and restrictions on movement,” Bloomberg reported. “It could also further discourage corporate travel to the country and …
The 30-year Treasury yield just pierced the 5% ceiling again. That line has held for two decades. Every time it’s tested, the bond market snaps back. April 6 was the last time it happened. Stocks dipped. Bonds rallied. Today looks like a rerun. The yield hit 5.01% before retreating to 4.91% by close. That’s the …
WELLS FARGO + COWEN FLAG AWS DATA CENTER LEASING PAUSE Both banks say $AMZN AWS has hit pause on some colo leasing deals—mainly international. Cowen notes hyperscale demand is cooling a bit, especially in Europe, with Amazon slightly pulling back on U.S. colocation activity too.… pic.twitter.com/aS5vN7UwnK — Wall St Engine (@wallstengine) April 21, 2025
by Mike Shedlock Homebuilder confidence is lowest level in seven months. The NAHB/Wells Fargo Housing Market Index (HMI) dropped again in march. NAHB Key Findings March 2025 Current sales conditions fell three points to 43. Sales expectations in the next six months held steady at 47. Traffic of prospective buyers dropped five points to 24. 29% of …
Several big-name stocks have soared to unprecedented levels, marking a noteworthy day for investors. Here’s a quick rundown of the companies making headlines: Blackrock ($BLK): The asset management behemoth has seen its stock reach new peaks, reflecting strong performance and investor confidence. Google ($GOOGL): The tech giant continues to climb, with its stock hitting impressive …
So they want to sell and need buyers? Source: https://x.com/unusual_whales/status/1873730006028841301?s=19
The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 million due to investigations from the Consumer Financial Protection …
A timeline released by police suggests the worker’s body was there for four days before being discovered.
Wells Fargo fired a bunch of employees accused of pretending to work, by using some tech to fake their keyboard typing, instead of doing their actual jobs, it emerged today. The California-based enormo-bank disclosed the terminations to the US Financial Industry Regulatory Authority on May 6, saying the employees were “discharged after review of allegations …
JPMorgan Chase, Bank of America and Wells Fargo are failing to protect customers from hundreds of millions of dollars in scams and fraud per year, according to a US Senate panel. At a hearing held by the Permanent Subcommittee on Investigations, Democratic Senator and Chairman Richard Blumenthal said the banking giants’ customers submitted claims to recover $456 …
A former Wells Fargo broker accused of stealing funds from clients avoids consequences despite refusing to cooperate with the investigation. This incident sheds light on Wells Fargo’s troubled history, including instances of defrauding customers and facing legal action. How much money did Wells Fargo steal from customers? The CFPB said the more than $2 billion …
Wells Fargo embroiled in controversy as customers allege loss of life savings due to scams. Multiple lawsuits accuse Wells Fargo of insufficient security measures. Bank fined millions by federal authorities for unauthorized withdrawals from customer accounts. Allegations of mishandling Pennsylvania unemployment funds and failure to reimburse affected individuals. Customers report losing life savings to scammers, …
With Basel III laws getting implemented, all banks that are involved in fractional reserve banking are probably going to collapse. Along with the real estate market. — Ken H (@XRPKenny2828) February 17, 2024 Remember about a year ago when Wells Fargo Bank got hit with a 2.1 billion dollar fine for a HUGE number of …
Multiple protestors have interrupted another of Haley's events. After one was removed she responded "if he were in Russia, he wouldn't live much longer…God bless America, that's for sure." — Dylan Wells (@dylanewells) January 21, 2024 Nikki Haley walks back her demand that social media ban anonymous posters after backlash COLUMBIA, S.C. (AP) — Nikki …
Wells Fargo warning ⚠️ about mass layoffs 😳 pic.twitter.com/IgQTsAGeVr — Win Smart, CFA (@WinfieldSmart) December 10, 2023 ‘More aggressive’ job cuts are coming to Wells Fargo, the bank’s CEO says Wells Fargo is planning to be “more aggressive” about layoffs at the bank, and expects to have higher severance costs in the fourth quarter than …
https://www.youtube.com/watch?v=cP_68dzdThg This has been a rough year for American Banks. Back in March, we saw the collapse of three US banks within a week. That was the biggest banking failure to hit the US since the 2008 financial crisis. By the time the fallout from the Great Recession was over, 600 banks had failed. But …
by Michael There is a reason why I am watching the banks so carefully. The banks are the beating heart of our economic system, and so if they get into big trouble we will all feel the pain. That is precisely what happened in 2008, and that is precisely what is happening again right now. …
Allegations of financial transactions benefiting President Joe Biden are gaining attention, with claims of payments made on his behalf and shared Wells Fargo account usage. The need for a Congressional investigation to subpoena bank records is becoming increasingly pressing. https://t.co/ftwgN165Rmhttps://t.co/SrZAUnyjdM — KanekoaTheGreat (@KanekoaTheGreat) October 29, 2023
Major US banks are continuing to close branches across the US, leaving an increasing number of Americans without access to basic financial services. Bank of America axed 21 branches in the first week of October, according to a bulletin published by the Office of the Comptroller of the Currency (OCC) on Friday. Wells Fargo shuttered …
https://www.youtube.com/watch?v=NDUqB6ZuDug
JUST IN – Hunter Biden was suspected of hiring prostitutes from an "Eastern European sex trafficking ring" and falsifying checks to pay the women, Treasury documents reveal.https://t.co/OhlJz5JiKf — Disclose.tv (@disclosetv) October 2, 2023 EXCLUSIVE: Hunter Biden was suspected of hiring prostitutes from ‘Eastern European sex trafficking ring’ during drug binges and falsifying checks to pay …
“For an extended period, Wells Fargo allegedly imposed fees higher than necessary on nearly 11,000 investment advisory accounts, totaling around $27 million, as asserted by federal regulators on Friday. The Securities and Exchange Commission’s assertion is that Wells Fargo’s charges were unduly elevated. Wells Fargo, without acknowledging or refuting the SEC’s accusations, consented to pay …
America’s bank branch bloodbath laid bare: New Jersey sees highest proportion of bank closures of any US state – as firms like Wells Fargo and PNC abandon more than 1,000 locations. Is YOUR branch affected? 1,144 banks closed branches across the U.S. in the between January and July National banks including PNC and Wells Fargo …
via Mike Shedlock: The National Association of Homebuilders (NAHB) Housing Market Index (HMI) resumed its slide in August. Traffic remains in the gutter. The NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions …
by Dismal-Jellyfish SEC Order – Wedbush Securities Inc SEC Order – Houlihan Lokey Capital Inc. SEC Order – SMBC Nikko Securities America Inc. SEC Order – SG Americas Securities LLC Moelis & Company LLC Wells Fargo Securities LLC, Wells Fargo Clearing Services LLC, and Wells Fargo … Mizuho Securities USA LLC BMO Capital Markets Corp. …
by Dismal-Jellyfish Bank of America (PDF) Bank of New York Mellon Corp (PDF) Citigroup (PDF) Credit Suisse (PDF)***** Goldman Sachs (PDF) JPMorgan Chase (PDF) Morgan Stanley (PDF) State Street Corp (PDF) Wells Fargo & Co (PDF) ***** Credit Suisse submitted this plan pursuant to a deficiency identified in the firm’s December 17, 2021, resolution plan …
via CBSNEWS: NEW YORK – Federal regulators said Tuesday they found that Bank of America harmed customers by double-dipping on fees, withholding credit card rewards and opening fake accounts, all of which are violations of various consumer financial protection laws. As a result, the Consumer Financial Protection Bureau ordered Bank of America (BAC) to pay …
