The S&P 500 is now down 340 points, or 7.5%, since the Fed removed a recession from their forecast. On July 26th, the Fed raised rates and said they were not longer expecting a recession. The Fed marked the EXACT high in the S&P 500 which just hit its lowest levels since June. Since then, …
“Investors continue to desperately pour money into Treasuries despite the massive underperformance. Note how capital consistently flows into the $TLT ETF despite a nearly 50% drop in its underlying price. 60/40 portfolios continue to stubbornly allocate funds to this underperforming asset, hoping for a return to a disinflationary environment. We are currently experiencing a significant …
Is anyone still getting boosters at this point? After all of the info that has come out over the past 2 or 3 years, does anyone still take this stuff seriously?There is a reason there has never been an effective vaccine for the common cold, which is related. At some point they perhaps admit that …
Remember when they said the vaccine was 100% safe and effective? Read More »
KEY POINTS Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs. Credit card losses bottomed in September 2021, and while initial increases were likely reversals from stimulus, they have been rapidly rising since the first quarter of 2022. Since …
Credit card losses are rising at the fastest pace since the Great Financial Crisis Read More »
The cracks in the US labor market are becoming more and more evident.The rate of permanent job losses is currently escalating at its swiftest pace since the major economic downturns of the past 30 years, marking the sixth consecutive month of such increases.It’s worth noting that the current strength of the labor market has been …
Permanent job losses at fastest pace in 30 years Read More »
The US 50 year bond at 1.25% maturing 2050. First off, who bought that yield as I have a swamp to sell. Nonetheless it has declined over 50% and will likely decline more. This is what the beginning of banana republic bonds may look like for 30 yr, 10 yr. #QE #debt #FED
CONFIDENCE: you didn’t hear this from Old Wall Media during Friday’s stock market decline But it still happened. US Consumer Confidence falling (again) as Gas Prices go up and stocks keep making lower-highs
