🚨US BANKRUPTCIES ARE ON THE RISE🚨
The number of bankruptcy filings hit 452 year-to-date, the 2nd largest in 13 YEARS. In August alone, 63 companies went under, the 4th LARGEST since the COVID CRISIS. Most bankruptcies have been seen in the consumer discretionary sector. Source: Global Markets Investor
Harris is tonight's winner based on betting markets
Source: David Ingles, Bloomberg
In the US, Total credit card debt is at an all-time high while the personal savings rate is record low!
Source: www.zerohedge.com
Americans make more money than they did at the end of 2019, even after adjusting for unusually high inflation since then.
Source: WSJ, Mike Zaccardi, CFA, CMT, MBA
BREAKING: Trump has a whopping 27.8% lead over Harris in Nate Silver’s updated electoral college prediction poll.
Trump - 63.8% Harris - 36% NB: The graph shows the chance of winning, not the percentage of the vote !!! Source: Leading Report, Nate Silver
US home price relative to median income is now at the highest level ever seen
Source: Game of Trades
Will Europe ever outperform again?
From Robeco thru Mike Zaccardi, CFA, CMT, MBA.
Full-time employment DROPPED by 1 million workers in August on a year-over year basis, marking the 7th consecutive monthly decline.
Since the June 2023 peak, full-time job count in the US has fallen by a whopping 1.5 million. Meanwhile, part-time employment rose by 1 million year-over-year in August. Additionally, the number of permanent job losers jumped by 324,000 year-over-year, to 2.5 million, the highest since November 2021. This was the 16th straight month of part-time job gains, the longest streak since the 2008 Financial Crisis. The US job market is cooling down. Source: FRED, The Kobeissi Letter
