Markets
Some popular charts updated…
November 21, 2023
What is the collective of US stocks less the Mag 7 doing this year? Underperforming cash for the second straight year.
What is the collective of US stocks less the Mag 7 doing this year? Underperforming cash for the second straight year.
Today's topics include when does QT go too far?, hedge fund concentration, getting out of cash, auto loan rejections at record, foreigners have ditched Chinese stocks, zooinks! zombies!, CalPERS strategy vs. 60/40 model portfolio, higher rates create expensive housing, expensive housing creates expensive rents, and office stocks rally with no outlook change
Q3 2023 earnings season is closing out. S&P 500 operating earnings, initially expected to decline, saw a positive growth quarter.
Today's topics include how to read a CEO's comments, an eye on today's 20-year auction, consumer spending power, rates matter to stocks..., ...but maybe less so to the economy, checking in on the soft landing narrative, and too much Fedspeak
Today's topics include checking in on the rate cut narrative, the deficit could push yields higher..., …or the deficit could push yields lower, soft landing hopes often give way to hard landings, a history of Fed dissents, market volatility, the pros & cons of the basis trade, who needs a mortgage anyway?, and crypto funding rates point to bullishness
Household debt in the U.S. stood at $17.29 trillion in the third quarter.
Credit utilization remains historically low, but is on the rise.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection jumped to $1620 in the third quarter.