𝗪𝗵𝗮𝘁 𝗶𝘀 the 𝗔𝗹𝘁𝗺𝗮𝗻 𝗭-𝗦𝗰𝗼𝗿𝗲?
By Brian Feroldi
FT: 'Peter Thiel, Jeff Bezos and Mark Zuckerberg are leading a parade of corporate insiders who have sold hundreds of millions of dollars of their companies' shares this quarter
In a signal that recent stock market exuberance could be peaking. https://t.co/lFp5iOD53j Source: FT Activate to view larger image,
BREAKING: US new home prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008, according to Reventure.
New home prices peaked in late-2022 at $497,000 and have fallen to $401,000 as of the latest data. In the financial crisis, new home prices dropped by 23% from 2007-2010, according to Reventure. US Home prices are down roughly the same amount in just 1.5 years, or half the amount of time. Still, new home prices are ~20% above pre-pandemic levels and existing home supply is near record lows. Is the hashtag#us housing market beginning to crack? Source: The Kobeissi Letter, Re-venture
Chocolate Lovers are Going To Have A Hard Time In The Next Few Months!
Yes, folks, the price of cocoa is witnessing a scorching rally (cocoa nears $10,000 per ton), which has led to mind-boggling prices for the raw material used to prepare chocolates. The insane PRICE INCREASE can be attributed to the significant supply disruptions in Africa and leveraged speculators🚨 Source: Sagar Singh, Wall Street Silver Image: openart.ai
Central banks cut rates at the fastest pace since heading into the pandemic.
Source: BofA, The Daily Shot
US High Yield Credit Spreads have moved down to 3.05%, their tightest level since January 2022.
US Investment Grade Credit Spreads have moved down to 0.91%, their tightest level since November 2021. Source: Charlie Bilello
In May 2020, there were 21 countries with negative interest rates. Today there are none.
Sanity has returned to the global bond market... Source: Charlie Bilello
With real estate bubble bursting, no access to foreign equities and bitcoin, no wonder that people are flocking to gold.
Source: Bloomberg, Michel A.Arouet
