market update

Jerome Powell said the FED’s forecasts have been wrong on inflation the last 2 years. Now he’s saying rate cuts aren’t going to happen for another couple years. Can we really depend on these projections anymore? Market Prices as of 4 pm EST, 6/14/23 Macro Mortgage demand picked...

It’s FED day. Will they raise interest rates or pause? Here’s what Wall Street thinks:  25 BPS HIKE � CITI CREDIT SUISSE TD VISA NO RATE HIKE 🙅‍♀️ BARCLAYS BMO BLOOMBERG GOLDMAN SACHS JP MORGAN MORGAN STANLEY RBC WELLS...

CPI inflation for May comes out at 830am. Here are Wall Street estimates: GOLDMAN SACHS: 4.2%  UBS: 4.1%  MORGAN STANLEY: 4%  JP MORGAN: 4.2%  BARCLAYS: 4%  VISA: 4%  BLOOMBERG: 4% ME: Still too damn high Market Prices as of 4 pm EST, 6/12/23 Macro...

This week is one of the most important of the summer:  - CPI Inflation: Tuesday - PPI Inflation: Wednesday - FED Meeting: Wednesday  - Retail Sales Data: Thursday  - Initial Jobless Claims: Thursday Buckle up! Market Prices as of 4 pm EST, 6/9/23 Macro Former President Donald Trump...

The S&P 500 just entered a new bull market. It’s up 20% from the October 12, 2022 low. Finally, some good news! Market Prices as of 4 pm EST, 6/8/23 Macro Donald Trump has been indicted by a federal grand jury for his handling of classified documents. Until yesterday, no former...

Ray Dalio, founder of the world’s biggest hedge fund, says the U.S. is going to issue a large amount of government debt and there is a shortage of buyers. He calls this the beginning of “big cycle debt crisis”. Market Prices as of 4 pm EST, 6/7/23 Macro The Bank of Canada (BoC)...

Delinquencies spiked in May on mortgage bonds tied to offices. Vacancy rates on office space across the U.S. has hit a record +16%. LA is at +30% vacancy for downtown office space. Yikes. Market Prices as of 4 pm EST, 6/5/23 Macro Gary Gensler and the SEC are coming after Changpeng Zhao...

Credit card debt hit a record $1 trillion in America. The average household carries $10,000 on their card - another record It’s nearly impossible to build wealth when you’re paying 20% interest every month. Market Prices as of 4 pm EST, 5/30/23 Macro Today, the House of Representatives...

We are 9 days away from the debt ceiling deadline. As of right now there’s no deal. Here are the effects of a breach according to Moody’s: 1 week: 1.5 million jobs lost, raising the unemployment rate from 3.4% to 5%. 2 months: 8 million jobs lost, raising the unemployment rate from 3.4...

Get ready for a whole lot of Fed talk this week ahead of the new FOMC minutes on Wednesday! Market Prices as of 4 pm EST, 5/19/23 Macro G7 members offered harsh criticism of Beijing at their three-day summit in Hiroshima. They expressed serious concerns over the militarization of the South China...

Americans are NOT paying off their credit card debt. Over 36% of U.S. adults owe more money in credit card debt than they have saved. And some are turning to credit cards to pay their mortgages.  I don’t need a PhD in economics to know this doesn’t end well. Market Prices as...

Nvidia (NASDAQ: NVDA) stock is up 106% this year. That means CEO Jensen Huang's net worth has increased to $27.3 billion, a 98% increase in just 5 months

The U.S. now spends more money on servicing its debt than national defense. Let that sink in. Market Prices as of 4 pm EST, 5/16/23 Macro US factory output bounced back in April. Industrial and manufacturing production both rose more than expected, increasing by 0.5% and 1%, respectively. The...

Institutional investors have been dumping stocks for the last 12 months. You have to ask yourself some serious questions when you see this. Market Prices as of 4 pm EST, 5/15/23 Macro According to CME Group’s FedWatch Tool, markets give virtually zero (0.4%) chance that interest will remain...

Market Prices as of 4 pm EST, 5/12/23 Macro The Group of Seven summit takes place this week in Japan. The US and its allies are expected to issue a joint statement rejecting China's use of economic retaliation in policy disputes. While China likely won’t be mentioned by name, the...