2 Aug 2023
August SP500 seasonality
Source: Bloomberg
2 Aug 2023
The Top Performing S&P 500 Sectors Over the Business Cycle
Source: Barchart, Markets in Minute
2 Aug 2023
The median sales price of a home in the US is now 560% of the median household income.
In 2008, it was 360% of the median household income. This is the least affordable housing market in history. Source: The Kobeissi Letter
2 Aug 2023
REPORTED RECESSIONS: in US Luxury Goods...
Congruent with dour commentary out of LVMH, luxury spending slowed to a -7.6% Y/Y Recession in June = 9th month of negative Y/Y growth. Source: Keith McCullough
31 Jul 2023
Only 11% of US household debt has an adjustable interest rate
That means the vast majority of Americans with existing fixed rate mortgages/auto loans/student loans have not been impacted by the Fed's 11 rate hikes. Source: Charlie Bilello
31 Jul 2023
US diesel vs inflation: if history is any guide, recent pop of US diesel prices could imply CPI going back over 4%
Source: BofA
31 Jul 2023
Another massive us earnings week ahead
Tuesday: $UBER, $AMD, $PINS Wednesday: $PYPL, $SHOP, $U Thursday: $AMZN, $AAPL, $COIN, $SQ, $ABNB, $NET Friday: $FUBO, $NKLA Source: Earnings Whisperers
28 Jul 2023
The gap in valuation discount between US and European equities has never been wider
Source: TME, Sanford Bernstein
