Because while the economy looks solid, it's built on debt, inflation, and overvalued assets. Add in rising interest rates and global instability, and the conditions are ripe for a sharp correction, even in a seemingly strong market.
— Rooted_In_Reality (@realonesknow87) December 30, 2024
Trump Just said we are heading to a 1929 scenario in the market.
— Fernando (@fernandowavesfx) December 30, 2024
Trump summoning “1929” in a political showdown is not the usual inauguration prep talk. pic.twitter.com/WCUnefc6Hx
— Samantha LaDuc (@SamanthaLaDuc) December 30, 2024
So is Trump calling for a 1929 depression? https://t.co/pixHcxXV73
— QE Infinity (@StealthQE4) December 30, 2024
Bubble and concentration risk has been stretched to 1920s levels – including the belief from top to bottom of the markets and the economy that this will continue forever without interruption, and soft landing is all but achieved (with inflation canceled).
— Inkling (@inside_finance) December 30, 2024
https://twitter.com/UnfiltdTruth/status/1873557008554836176
Trump knows the storm that is coming. The fiat money system is mechanically broken with the divergence of the 10 year yield which essentially is calling BS on the current economic “stability” and the strength of the US dollar as a reserve currency. The incessant money printing… https://t.co/8pGSVKIu2A
— Galaxydoc Market (@galaxydocmarket) December 30, 2024
Dollar index.
Probable path. pic.twitter.com/N4wDr57cgJ
— The Great Martis (@great_martis) December 29, 2024
The US stock market is now on track to post back-to-back losses during the “Santa Claus” rally period.
This has only happened 2 times in history. pic.twitter.com/ThrZQto9Gt
— The Kobeissi Letter (@KobeissiLetter) December 30, 2024
The US dollar is getting even stronger:
The Bloomberg Dollar Spot Index has gained 7.4% in 2024, on track for its best annual gain in 9 years.
The index has risen 6.9% over the last 3 months and hit its highest level since November 2022.
It's clear now more than ever, markets… pic.twitter.com/T3ZzIWhDe1
— The Kobeissi Letter (@KobeissiLetter) December 30, 2024
The luxury goods market is set for a tough year:
Global sales of personal luxury goods are estimated to decline by 2% to €363 billion in 2025, according to Bain & Company.
That would mark the first drop since the 2008 Financial Crisis excluding the 2020 pandemic.
Moreover,… pic.twitter.com/PDCV2seCTv
— The Kobeissi Letter (@KobeissiLetter) December 29, 2024