US banks are facing $517 Billion of Unrealized Losses - nobody wants interest rate cuts more than them
Source: Barchart, BofA
American stock ownership is back at all-time highs
Source: Markets & Mayhem, Visual Capitalist
The rich are getting richer faster than ever before
The top 40% of US income earners hold 83% of the total net worth, near an all-time record. The top 20% account for 71% of the total net worth, up 10 percentage points over the last 2 decades. On the other hand, the bottom 40% of income households hold only 8% of the wealth. Moreover, the bottom 20% of earners reflect just 3% of total US wealth. Over the last few years, the rich have gotten a lot richer. Most consumers are struggling. Source: The Kobeissi Letter, BofA
Growth vs Value: a clear trend shift since July
Source: Mike Z., Goldman Sachs
Hedgefunds are buying the dip in tech, per Goldman
Source: Goldman Sachs, Markets & Mayhem
Value of U.S. Housing Market hits all-time high of $49.6 Trillion
Source: Barchart
BREAKING: For the first time ever, Kamala Harris is leading Donald Trump in Polymarket's 2024 election odds.
At one point, prediction markets saw a 10+ percentage point lead by Donald Trump. Source: The Kobeissi Letter
Donald Trump said the Fed has "gotten a lot wrong," and "US Presidents should have a say in Fed actions."
“I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman" What do you think? Source: Stocktwits
