The 12 tenets of Warren Buffet
Source: Compounding Quality
US Home Prices hit a new all-time high in August while affordability has plummeted to record lows...please explain...
Source: Charlie Bilello
No change as expected
Nothing really new except that they acknowledge strong growth and strong wage gains versus September, effectively upgrading their economic assessment. This is the 3rd time they upgrade their view on growth. Our view is unchanged: we are due for a long pause. High rates is the new normal.
Leadership
Source: Strati Georgopoulos
WeWork has officially filed for bankruptcy
From a $47 billion private market valuation to a $9 billion IPO via a SPAC in 2021, and now trading at $1.32 a share in after hours, marking a jaw-dropping 99% drop from its IPO price. The co-working space drama continues to unfold, reminding us that even unicorns can stumble in the real world of business. Source: Michael Burry Stock Tracker
Orange juice hit another all-time high this week
Source: Tradingview
Marketable US Treasury Debt to Explode by $2.85 Trillion in the 10 Months from End of Debt Ceiling to March 31, 2024
In total, over those two quarters marketable debt will have increased by $1.59 trillion! This follows the $1.01 billion increase in Q3, and the surge in June after the debt ceiling ended. At the beginning of Q4, marketable debt outstanding was $26.04 trillion. The government will add $1.59 trillion to it, pushing it to $27.6 trillion by March 31, 2024. Source: Wolfstreet, WallStreetSilver
The SP500 $SPX continues trading inside the almost perfect channel that has been in place since July highs
So far this is just a reversal off the lower part of the channel. First resistance is around the 200 day moving average, currently at 4260ish. Note the 50/100 day cross very much in "force". Source: TME, Refinitiv
