People assume the Federal Reserve will cuts rates well before a market crash like they've done for the past 40 years
However, during the last major inflationary cycle of the 1960s & 70s the Federal Reserve was slow to act, only cutting rates when market crashes were almost over https://t.co/ZI6BH3GOSO pic.twitter.com/2MFZAb4Lgk
— Financelot (@FinanceLancelot) July 16, 2023
Big story is that several Carmax insiders just sold 40%, 75%, and 90% of their respective holdings 🤔
Stock has performed well this year so some selling deff makes sense. But these amounts feel excessive.
Loss of faith in leadership?
A signal of what’s to come?
Something else?— Car Dealership Guy (@GuyDealership) July 16, 2023
Morgan Stanley
Ouch pic.twitter.com/FwjeYUhGDW
— Alessio (@AlessioTMAD) July 16, 2023
Industrial production has plummeted with year-over-year nearing 0%
This metric tends to systematically contract leading up to a recession pic.twitter.com/eXKYuegA5N
— Bravos Research (@bravosresearch) July 16, 2023