Ahead of Powell speech tomorrow...
Confidence in the Chair of the Federal Reserve has reached its lowest point in 20 years... By Visual capitalist
Michael Burry Stock Tracker ♟
🚨🚨Latest news on real estate market
The US 10-year note yield is now officially above the median cap rate for the first time since 2008, according to Reventure Consulting
In simple terms, the return on an investment property is now BELOW the 10-year note yield. It should be no surprise that investor house purchases are now down a massive 45% this year. Source: The Kobeissi Letter
After adjusting for inflation, US retail sales fell 0.7% over the last year, the 11th consecutive YoY decline
That's the longest down streak since 2009. Nominal retail sales increased 3.0% YoY vs. a historical average of 4.7%. Source: Charlie Bilello
Did President Biden pop the AI nvidia bubble?
A similar boom/bust head & shoulders already happened in the recent past... Source: Bloomberg, www.zerohedge.com
Stunning to see that markets are beginning to price-in chances of rate HIKES all the way until December 2024
There's now a ~49% chance of a rate hike by January 2024. There is even an 11% chance of a rate hike in July 2024... Meanwhile, the 10-year note yield is nearing 4.90% right now. Will 8% mortgages soon going to look like a good deal? Source: The Kobeissi Letter
How To Analyze An Income Statement - FAST. Watch for these 10 green flags
By Brian Feroldi
Nvidia stock, $NVDA, is now down 7.5% as President Biden restricts AI chip sales to China
The stock has erased nearly $100 billion in value in just over 24 hours. Is it the the beginning of a new trade war with China? Source: The Kobeissi Letter
