Newsletter

This bear market is different. Retail sales contract. US government interest payments heading for US$1trn. China fixed asset investments in a downtrend. Companies leave Germany.

US inflation is down to 3%. The final leg of inflation is harder to break. More people fail to pay credit card bills. US mortgage rate reaches new highs. Tech PEG at Dotcom levels.

US core inflation lower than expected. The service sector holds up the economy. Bankruptcies peak at the end of a recession. Extremely low earnings yield for S&P 500. The top 1% is recovering.

80% of YouTube ads are subject to refunds. Bankruptcies on the rise in the US. T-Bills return the same as equities. Time to buy some bling? REMINDER: Stocks are still best in the long run.

The market doesn’t appear efficient. It’s a liquidity-driven market. Cardboard box recession. BlackRock files for Bitcoin ETF. Crypto investors push up BTC in anticipation of ETF.

EU enters recession. Inflation is coming down in the US. Fed pauses rate hikes. Only 24% of stocks outperform. Tech is heading for new highs.

71% risk of a US recession. Gold outperforms stocks 2 years after yield curve inversion. 7 stocks have driven S&P 500’s YTD performance. Regulator bro goes after crypto bro. SEC is clamping down heavily on crypto.

Time for an uncapped debt ceiling. Debt ceiling deal increases spending. A gentle reminder about crazy valuations. China is no.1 in terms of skyscrapers. Bye-bye, cheap travel.

Fake AI image led to a stock market drop. It looks like dot com 2.0. Japan headed for three-decade high. Chinese cars to flood the world. Your instant cup of Joe is getting pricy.

Weak retail signals US slowdown. US household debt surpasses US$17trn. QT ain’t happening. Consider your health span. A green world needs nuclear.