It appears that the bear market rally is nearing its end…

M2 Money Growth Cools and Recession Probability Increases

While lower than June’s reading of 11.3% YoY, it also coincides with declining gasoline prices and declining growth in M2 Money stock. Which is still growing at 5.9% YoY. The probability of recession is rising (even though technically the US is in recession after 2 consecutive quarters of negative GDP growth.

Initial Jobless Claims Surge To Highest Since November

The number of Americans filing for jobless benefits for the first time last week was 262k, notably higher than the 248k the prior week. That is the highest since Nov26 2021.

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Searches For ‘Sell My House’ Hits Its Highest Point In U.S. Internet History

Analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 – the highest level in internet history for America. This comes as Americans face rising property and rent costs, with fears of a recession looming.


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