Just Another Bear Rally?
In a stark contrast to the absolute abomination of capital markets in Q3, we are starting of Q4 in quite stunning fashion…but is it just a farse? Stocks absolutely ripped … Read More
That Shit Hurted
Yikes. Where do we even start? I guess Fed Chairman Jerome Powell really started the party this week by solidifying a 75bps rate hike, which sent equities into an absolute … Read More
AI-Powered Home Flipping Still Unprofitable, Opendoor Now Realizing
Apparently Zillow’s recent failure in the AI home flipping market wasn’t enough of an harbinger for Opendoor, the company reportedly lost money on 42% of their transactions in the month … Read More
The Wheels Are Falling Off Peloton
Peloton announced Monday that John Foley (Executive Chair) would step down from the Board of Directors, effective immediately. In the statement filed with the SEC, Peloton said, “Mr. Foley’s departure … Read More
Outflows in U.S. Equities Continues – You Hate To See It
THE OUTFLOWS CONTINUE. According to data published by Refinitiv Lipper, investors withdrew $14.83 Billion out of U.S. equity funds, which is the largest outflow since June 15. We may be … Read More
The Yen Is Trash…For Now?
We are pretty much watching history unfold in the foreign exchange market, as virtually every currency against the dollar is getting absolutely upended. Who would’ve thought?! Most notably, though, the … Read More
From Jackson Hole With Love
As anticipated by many, the maestro Jerome Powell delivered a pain-inflicting talk at Jackson Hole two Fridays ago which sent quite literally everybody into a frenzy, and sent markets capitulating … Read More
Powell Is Pissing His Pants
The writing was absolutely on the wall here. Powell will be speaking at Jackson Hole Friday morning in what will presumably be a “hawkish” address to the American public. Can … Read More
China’s Real Estate Market Is Faltering; Enter Liquidity
With mortgage boycotts taking place in China from July over unfinished projects and angry potential buyers, the world’s second largest economy is reeling and putting pressure on the country’s government … Read More
American Airlines Stunts With 20 Boom Supersonic Jets
American Airlines is drunk and high at the same time, drinking champagne on the airplane! American Airlines goes big on big and agrees to buy 20 planes from Boom Technology, … Read More