BREAKING: China
Chinese Home Prices declined by the largest amount in history last month Source: Barchart
US retail sales prior month revisions: red means down...
Indeed, for the eighth month in the last year, the previous month's data was revised lower... thus making the current month 'beat' more impressive. Source: www.zerohedge.com
Happy Independence Day India
Source: The Economic Times
JP Morgan's Jamie Dimon wants to hit US millionaires with the "Buffet rule" to tackle the national debt
Source: Business Insider
US Retail Sales increased 2.6% over the last year and this number is taken positively by markets
Retail sales came in better than expecting indicating that hashtag#consumers are still strong. Retail Sales month-over-month is the best number since January 2023. There are few caveats though: 1) After adjusting for higher prices they were down 0.4%. 2) Both of these numbers are well below the historical averages of +4.6% nominal and +2.0% real. 3) Previous numbers were revised downward Source: Charlie Bilello
The natural trend of global markets is to go up
Source: BofA
The $VIX has declined 58% (from 38.57 to 16.19) over the last 7 trading days, the biggest 7-day volatility crash in history.
Source: Charlie Bilello
Michael Burry has made Chinese Internet Stocks his biggest holdings
His #1 holding is Alibaba which was worth $11.2 million at the end of the last quarter. Source: Barchart, CNBC
