US credit card delinquency rates are now at their highest on record, according to the Philadelphia Fed.
In Q4 2023, more credit card balances were 30+ and 60+ days past due compared to any other period in history. The percentage of credit card balances at least 30 days past due is now ~3.5%. Meanwhile, total credit card debt has skyrocketed in recent months and is now at a record $1.3 trillion. The average credit card interest rate is also at record 28%, according to Forbes. Source: The Kobeissi Letter
The sp500 closed below its 50-day moving average today for the first time since last November, ending the 10th longest streak since 1950.
Source: Charlie Bilello
Scarcity matters by Quartr.
Enzo Ferrari's iconic quote "Ferrari will always deliver one car less than the market demands" remains deeply ingrained in $RACE's DNA until this day. While companies in this chart are leveraging different strategies, they are all automakers. Comparing the EBIT margins (FY 2023) of a select group of automakers:
Don’t time the market
Thru Compounding Quality
Eisenhower Matrix : Busy-ness doesn't equal productivity.
Credits : Ben Meer, Alvin Foo
Bitcoin $BTC priced in grams of gold... (log chart)
Note that 1) $1,000 seems to be a key resistance; 2) Bitcoin hasn't made a new all-time high yet... Source: www.priceingold.com
Consensus earnings estimates are projecting +3% YoY EPS Growth for the $SPX in Q1.
Last quarter, Wall Street was also modelling +3% EPS Growth and the realized number came in at +8%. Source: David Marlin, Goldman Sachs
The Mag7's weighting in the SP500 just hit another new high
Source: Cheddar Flow
