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Where do Sep ES futures open tonight?
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While tariffs represent abstract uncertainty to most consumers today, there is a high likelihood they will become a tangible threat when prices rise as a result.
FWIW - I am not sure how much those at the bottom can take. Their "stacked vulnerabilities" are especially heavy.
Since February 2020 foreign-born population in US (orange) has been responsible for nearly all labor force growth ... native-born growth (blue) barely positive
In the past 3 weeks, more than 400,000 news articles were published that mentioned China.
More than 33,000 of them were explicitly negative. That's the highest ratio in at least a decade.
The only other time that came close was 8 years ago almost to the day.
IF U.S. incomes spiked 69%, we'd return to pre-pandemic housing affordability levels.
IF U.S. home prices fell 41%, we'd return to pre-pandemic affordability.
IF mortgage rates fell 4.3 percentage points (from 7.26% to 2.96%), we'd return to pre-pandemic affordability.
Ford laying off 'at least' 1,000 salaried and contract workers.
It will lose $3 billion making EVs this year.
Ford is now likely losing more than $30,000 on every electric it sells.
Last week the federal government (i.e. you) loaned Ford and a South Korean company $9.2…
Translation: Only the wealthy are buying homes from one another
Local housing markets have become like After Hours trading—6 people with money trading stock back and forth to 6 other people
Fraud against the Paycheck Protection Program was widespread enough to bump up real-estate prices within certain U.S. ZIP Codes, researchers concluded, blaming the abuse on weak controls at some financial technology companies on.wsj.com/3CEYOLc
FRAUD IS THE HOUSE OF CARDS PROPPING UP THIS HOUSING MARKET
NOT organic “Supply and Demand”
“People who received fraudulent loans were significantly more likely to purchase a home during the program than those who got the money legitimately, driving up home prices”
The CEO of OceanGate, which is operating the missing Titanic tourist submarine, explains that the company didn’t want to hire any experienced “50 year old white guys” because they weren’t “inspirational.”
A reporter tried to debunk the horror stories about San Francisco, but couldn’t because they’re true. “Some of the street addicts were rotting, literally: their decomposing flesh attracting flies.”
curbed.com/2023/05/san-fr…
When someone tritely regurgitates that "the market is forward looking", remind him that when Bear fell, the mkt rallied from, yes, mid March into mid May before waking the fck up
Another thing to note about the 1M bill yields is that there is an entire class of money funds who can ONLY buy Treasures. Those guys will have to buy bills no matter the price, and they are choosing 1M to avoid default risk.
Here is FDLXX, a $4b fund gobbling up bills
It was so obvious the Fed would hike rates at the fastest pace in 40 years?
Remember, the Fed kept rates at 0 as CPI ticked from 1.7% in Feb '21 up to 7.9% by Feb '22.
Powell also said 75 bps was off the table a month before 4 straight 75 bps hikes. youtube.com/watch?v=zImKCY…
$BYND What in cockroach-burger eating hell is this?🪳🤮 This now has NEGATIVE gross profit? Rev -21%? The founders 🤡 should run a class at Ponzi University. I couldn’t even look past the P&L, I was so disgusted. Have to rinse my eyeballs. Like a roach, the stock won’t die, +9%.
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Economic embargo on Israel, now.
Embassy closures in Israel, now.
Travel ban on Israel, now.
Ceasefire, NOW.
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