When the book on 2023 closes, extreme sector divergence will surely be considered one of the major plot points
Technology and Communication Services are each up more than 40% YTD, while five of eleven sectors are in the red on the year. Source: Bespoke
US median home prices are contracting aggressively. In just 2 years, the % has gone from over 20% to -7.9%. This is THE sharpest collapse on record
Current levels have occurred ONLY 2 times in the last 60 years: 1. 1970 2. 2008 Both instances ended with equities declining more than 30%. Source: Game of Trades
In a regime-shift from historical norms, the US Treasury yields are broadly trending higher with USA Sovereign credit risk...
Source: www.zerohedge.com, Bloomberg
Tech relative to small caps JUST hit the highest level EVER seen This ratio is higher than even the peak of the Dot Com bubble
Source: Game of Trades
Income & wealth inequality is not just a capitalist country story. Watch Russia and China...
Source: Ruben Mathisen
The U.S. Treasury market visualized
Source: X @concodanomics thru Audrey Wang, CFA🇭🇰
The average price of a used Tesla has declined 16 months in a row, moving from a record high of $67,900 in July 2022 to a record low of $39,550 today (-42%). $TSLA
Source: Charlie Bilello
Prospective California homeowners currently in the market would need to make $221,200 annually to qualify to purchase a median-price, single-story home in California, typically costing $843,600
The latest figures show that California’s housing affordability rates continue to decrease. The figures released during the third quarter are down from 16% in the second quarter of 2023. For comparison, about 56% of California home buyers could afford a home during the first quarter of 2012, the index’s peak high. Source: Wall Street Silver
