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The very first sentence of the FOMC statement unexpectedly downgraded the state of the US economy: "Recent indicators of spending and production have softened."
It's official: inflation was so hot, it not only came at the highest level since Volcker hiked rates to 20% to avoid hyperinflation, but blew away pretty much all whisper numbers (it wasn't however, as high as that fake leaked BLS report).
The yield curve - short and long - is screaming 'policy error imminent' as its aggressive anti-inflation fight will inevitably trigger anything but a soft landing and spark a new round of easing/QE that will once and for all crush the central planner
This is bad. This is really, really bad. Investors loved the ride up, but now the Federal Reserve is helping to destroy the bubble that it once so eagerly created, and trillions of dollars in paper wealth is being wiped out in the process.
... sell programs of this size are typically not single events.
"The Fed will not be able to pause tightening let alone start easing. If all global central banks deliver what's priced there are going to be some significant negative shocks to economies."
It was a CPI report for the ages: with most already expecting a hotter than expected print (thanks to JPM), that's precisely what they got and then some.
...Rapid Rate Hikes Hitting $234 Trillion in Derivatives
UTTER CARNAGE: The Stock Market Is Coming Apart Like A 20 Dollar Suit As Fear Sweeps Through Wall Street
Wall Street investment expert Edward Dowd says that, according to data from publicly traded life insurance companies and funeral homes, excess deaths are up by 20% in the first quarter of 2022.
The media is refusing to report on the second largest bailout in US history that includes loans made by the Federal Reserve through its Money Market Mutual Fund Liquidity Facility (MMLF) and over a dozen other Fed bailout facilities created in 2019 a
The economy is faltering, and markets are becoming chaotic. In spite of this, the mainstream financial media is busy convincing investors that the bull market is solidly intact.
In this video, I share Nikola's latest short interest data from Ortex, share my short term price forecasts and analyze the recent analyst price targets issued for this company.
In this video, I go over how rising interest rates could be bullish for the stock market and analyze Jerome Powell's FOMC meeting. I also discuss retail sales data and conduct a technical analysis of $SPY to see if we will crash even more. As a discl
"The news flow on the conflict will dominate short-term market fluctuations"
But, at its lows today, the S&P 500 had never - ever since 1920 - started a year as badly as 2022...
Wall Street has officially jumped the shark: with the economy set to slow this year - even as supply-driven inflation refuses to relent - consensus now expects 3-4 rate hikes this year (with Jamie Dimon predicting as many as "6 or 7") - some are goin
Fresh off his appearance at Monday morning's JP Morgan Health Care Conference, JP Morgan CEO Jamie Dimon appeared on CNBC (opposite Bertha Coombs) for an early afternoon interview as the Nasdaq entered correction territory amid a broader market rout.
Tremble in fear, for the age of the Shitcoin is upon mankind!
Earlier in the week we described El Salvador's historic bitcoin bond deal - a $1 billion deal collateralized with $500 million of bitcoin that the crypto-embracing nation would use to fund the construction of a "Bitcoin city." As we said at the
Goldman Sachs and Amazon are launching their most ambitious collaboration yet: a new cloud computing service geared toward Wall Street firms to help them with high-frequency trading and other practices.
After September's surprise 7.0% MoM surge in existing home sales, analysts expected a modest 1.4% MoM retracement in October but they once again under-estimated the wall of money coming from 'investors' (rather than average joe Americans).
After a rough day for Wall Street, Disney shares are tumbling after hours as its Q4 earnings showed Disney+ subscriber growth missed Wall Street's expectations.
So Tuesday October 19th, 2021 was supposed to be the day that changed everything for bitcoin.
There has been a major dichotomy on Wall Street regarding the oil price trajectory...
The banquet of consequences is being served, and risk-off crashes are, like revenge, best served cold.
With Wall Street's fascination with risk associated with Evergrande's default fading fast, and the sellside pumping out charts such as this one showing that the contagion in China junk bond market is unlikely to spillover globally...
The post-bubble-crash phase is already being prepared: 'no one could have seen this coming'–except anyone who paid attention to anything other than self-interested shills.
The sudden push by Wall Street's largest private equity firm to heavily lobby the Pentagon and State Department for largely unspecified reasons is part of an increasingly visible conflict within the U.S. establishment regarding how to handle the Ar
It's been two decades since Wall Street analysts were this upbeat.
