Financials don't like an inverted yield curve.
This chart predicts full scale meltdown BEFORE the end of 2022. pic.twitter.com/71aNAUkBXI
— Mac10 (@SuburbanDrone) November 18, 2022
Housing speculators are seeing their “investments” shedding serious Yellen Bux valuations as the Fed’s Housing Bubble 2.0 starts to implode
Opendoor is apparently the proud owner of this fine home. Originally listed for $625,000 back in May at the top of the market here.
167 days later it's available for 22% less at $485,000.
— Aaron Layman (@dfwaaronlayman) November 17, 2022
Great chart. But note how long it was in 2008 after the first excursion of this indicator to oversold territory before that mattered. t.co/o3Rg5L4Bq7
— Tom McClellan (@McClellanOsc) November 19, 2022
First it was Deutsche Bank, then Bank of America; and while Goldman is still shoving its head in the sand and pretending that somehow a recession can be averted and the Fed can magically spawn a soft landing and that the Fed won’t cut in 2023 (with the bank predicting back in October 2021 that the Fed wouldn’t hike until Q3 2023) …
“Existing-home sales fell again in October as reduced affordability pushes buyers out of the market. The outlook for housing is unfavorable.” ~ Robert Hughes