BREAKING: There are now a record 299,000 new homes for sale in the Southern US states, according to Reventure.
This is even higher than in 2006, a year before the housing market crash began. The number of new houses for sale in the South has nearly DOUBLED in just 4 years. Meanwhile, new home sales have officially dropped below pre-pandemic levels for the first time. It would take ~9 months current new inventory to sell if it sold at the current pace without new inventory coming to the market, 2nd longest duration since 2009. Source: The Kobeissi Letter, Reventure
On this day 135 years ago, the The Wall Street Journal made its debut
Source: Barchart
Is silver getting out of stock?
Source: Willem Middelkoop
The S&P 500 is up 16.9% in 2024, the 13th best start to a year going back to 1928 and the best start to a presidential election year in history.
$SPX Source: Charlie Bilello
The East-West divide: some evidences of the Saudi/Russia/China emancipation vs. the West
Source: Bloomberg
1816 vs. today...
Source: Trend Spider
Apple's P/E Ratio: 35x
10-year average: 22x Apple's EV/EBITDA Ratio: 27x 10-year average: 15x Apple's Price to Sales Ratio: 9.3x 10-year average: 5.0x $AAPL Source: Charlie Bilello
Apple $AAPL just closed trading today with a $3.506 TRILLION market cap
This is the first time any stock has ever closed a day worth more than $3.5 Trillion Source: Evan
