This is an old one but still actual
Cartoon humor
Over 60% of outstanding US mortgages have an interest rate below 4%. Current average 30y mortgage rate is north of 7.5%...
This is the 1 factor driving the limited housing supply as many of these homeowners can't afford to move... Source: Charlie Bilello, National Mortgage Database
Bitcoin's correlation to the sp500 has shown signs of breaking down Lower correlation boosts BTC's diversification potential
Source: Game of trades
Nice one by Steno research
While there are some fundamental reasons for US Treasury yields to keep rising (check out the Atlanta Fed Nowcast model poiting towards nearly 6% annualized real GDP growth in 3Q), what is currently going in China probably has some impact as well Source: Stenio research
In case you missed it... Charles Schwab owes 130% of their total equity capital to short duration FHLB* loans that have to be paid back soon
Total assets $350 billion... Source: FinanceLancelot * What Is the Federal Home Loan Bank System (FHLB)? The Federal Home Loan Bank System (FHLB) is a consortium of 11 regional banks across the U.S. that provide a reliable stream of cash to other banks and lenders to finance housing, infrastructure, economic development, and other individual and community needs. (source: Investopedia)
In case you missed it...what's going on with Citigroup?
Yesterday it had its lowest close of 2023, back to the panic levels of mid-March when Silicon Valley Bank failed. Source chart: James Bianco
Bespokeinvest posted: "Here's one way to think about investing in equities and "buy and hold."
Casinos make money by making sure bettors eventually lose more often than they win. The stock market is the opposite. The longer you play, the better your odds. Historically, the odds of the S&P 500 being up over any one-month time frame have been 62.6%. Over a year, the odds of being up jump to 74.6%, and over eight years, they jump to 97%. Since 1928, all 16+ year time frames have seen positive returns. Check out this chart Bespokeinvest created to help people visualize this data a couple of years ago (updated through July 2023):
World’s Biggest Wine Producers by Country
Source: Visual Capitalist
