JP Morgan Asset class and style returns by year + October returns
Despite a pullback in October, Growth stocks continue to lead in 2023 by a big margin
Americans Panic Search "Give Car Back" As Subprime Auto Loan Delinquency Erupts
Recent data from Edmunds reveals that an unprecedented 17% of American car purchasers now have monthly car payments of $1,000, a significant increase from just 7% three years ago. This trend highlights the extent to which consumers, despite being financially stretched, are willing to take on massive auto debt in these uncertain economic times as macroeconomic headwinds pile up. New Google data, first revealed by X user CarDealershipGuy, shows Americans are searching "give car back" on the internet has soared to a record high. Source: Google search
The US Bond Market has now been in a drawdown for 39 months, by far the longest bond bear market in history
Source: Charlie Bilello
And we're back to Bidenomics trendline
Source: www.zerohedge.com
The 12 tenets of Warren Buffet
Source: Compounding Quality
US Home Prices hit a new all-time high in August while affordability has plummeted to record lows...please explain...
Source: Charlie Bilello
No change as expected
Nothing really new except that they acknowledge strong growth and strong wage gains versus September, effectively upgrading their economic assessment. This is the 3rd time they upgrade their view on growth. Our view is unchanged: we are due for a long pause. High rates is the new normal.
Leadership
Source: Strati Georgopoulos
