History suggests financial crisis on the horizon –
Fed is hiking into an inverted yield curve, clock is ticking. pic.twitter.com/Yg9KmO3ex1
— Puru Saxena (@saxena_puru) November 8, 2022
*GERMANY WARNS US OF POSSIBLE TRADE WAR
I said this weeks ago
— Alessio (@AlessioTMAD) November 7, 2022
Looks about right. We’re definitely in bear market territory. We probably see another leg down before the year end. $SPX pic.twitter.com/EWfXaCMJod
— Ayesha Tariq, CFA (@AyeshaTariq) November 8, 2022
NEW: Former Boston Fed President Rosengren tells me 50bps hike is baseline for next FOMC meeting & that he sees terminal rate closer to 5.5% (!) pic.twitter.com/OYs1vInjFe
— Joumanna Nasr Bercetche (@JoumannaTV) November 8, 2022
Private debt & equity funds are demanding investors stump up more of the cash they pledged during better times. The fear is that a large number of investors will have to offload liquid assets to meet those obligations, spurring bigger public-market losses. https://t.co/ksgTiMpOks
— Lisa Abramowicz (@lisaabramowicz1) November 7, 2022
Tech companies this month:
1. Twitter – Laying off 75% of employees
2. Apple – Hiring freeze
3. Amazon: Hiring freeze
4. Snapchat: Laying off 20% of employees
5. Meta: Laying off “thousands” this week
6. Microsoft: Layoffs have begun
7. Intel: Laying off 20% of employees
— The Kobeissi Letter (@KobeissiLetter) November 7, 2022
As #CentralBanks tighten policy globally, #housing #markets continue to deflate.
h/t @ISABELNET_SA pic.twitter.com/tL9UFj6iga— Lance Roberts (@LanceRoberts) November 8, 2022
Nagging U.S. Treasury Liquidity Problems Raise Fed Balance Sheet Predicament
The U.S. Federal Reserve’s ongoing balance sheet drawdown has exacerbated low liquidity and high volatility in the $20-trillion U.S. Treasury debt market, raising questions on whether the Fed needs to re-think this strategy.