German housing market remains in a freeze
Mortgage lending was down 43% YoY in December, representing 4th negative record in a row since data records began in 2003. Compared with peak of €32.3bn from March 2022, the decline is almost 60%. Source: HolgerZ, Barkow consulting
The annual interest rate payment on US Government Debt is $850 Billion and rising fast
At the current pace, interest on US government debt will soon hit one trillion dollars... Source: MishTalk.com, www.zerohedge.com
Markets have entered the best part of the 4-year presidential cycle
Source: ht @SethCL, Michel A.Arouet
Friday's payrolls report changed the landscape a bit for Fed funds expectations
On Thursday, traders were pricing in peak rates below 4.9% and 50bp of rate cuts by yearend. Today, they're pricing in peak rates of 5.1% and less than 30bp of rate cuts. Source: Bloomberg, Lisa Abramowicz
Corporate bonds yield less than the Fed funds rate for the first time in 30 years
Source: Tavi Costa, Bloomberg
Improving market breadth for US equities
More stocks made new 52-week highs yesterday than when the major averages were at all-time highs a little over a year ago. Source: Steven Strazza
How often do active investment managers BEAT the S&P 500?
Source: Saxo
US earnings this week
Source: Earnings Whispers
