18 Oct 2023
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
18 Oct 2023
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
17 Oct 2023
US Commercial real estate sales volume have fallen to the lowest level in 13 years
Source: Green Street
16 Oct 2023
Ownership breakdown of the US Treasury market ($26 trillion)
Source: Goldman Sachs, TME
16 Oct 2023
Heavy Supply remains a risk for US Treasuries
How long will the Fed be able to continue with QT? Source: Michel A.Arouet
16 Oct 2023
Where we are on the Buffett indicator
(The ratio of the total United States stock market value to GDP) Source: Brian Feroldi
16 Oct 2023
BREAKING: A record 447,000 Americans are now working 2 full-time jobs, per Joe Consorti
Source: Barchart, Bloomberg
13 Oct 2023
There are good reasons why European stocks are so cheap compared with US stocks
Overregulation, lack of innovation, to name a few Source: Michel A.Arouet, Bloomberg
