Today's topics include Moody's downgrades the US, on valuations & the Mag 7, laying out risks ahead, a new desire for EM exposure, is this is beginning of the end for American college as we knew it?, how will sub-$60 oil impact producers?, breaking down private capital, and a tokenized future?
Today's topics include the Fed's five-year policy review, tracking the x-date, the retail crowd's diamond hands, Fedspeak, the consensus swings to "no recession", stock technicals, today's trade headlines, global shipping plays red light/green light, and gold.
Household debt in the U.S. stood at $18.20 trillion in the first quarter.
Credit utilization has returned to pre-pandemic levels.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection stood at $1663 in the first quarter.
Household debt broken down by delinquency status
Credit card and mortgage debt are both 32% higher than pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
Some interesting charts from our recent posts