by confoundedinterest17 Despite inflation growing at 7% (versus The Fed’s target rate of 2%) and U-3 unemployment being only 3.9%, one would have thought that Jay and The Gang would have started increasing rates at the January meeting. But nooooo. The Fed actually sat on their hands and did nothing. What did The Fed say? “The Committee … Read more
That’s a whole new level of wow — llc-sapience (@llcsapience) January 25, 2022
WASHINGTON, Jan 26 (Reuters) – The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what U.S. central bank chief Jerome Powell pledged will be a sustained battle to tame inflation. https://www.reuters.com/business/finance/inflation-fighting-fed-likely-flag-march-interest-rate-hike-2022-01-26/ The asset purchases will continue for a … Read more
https://twitter.com/WallStreetSilv/status/1486112156345114625
https://twitter.com/WallStreetSilv/status/1486506189332656129 https://twitter.com/WallStreetSilv/status/1486488900176695298
The last large-format Sears department store in Pennsylvania, at the Willow Grove Park mall, will close its doors permanently, perhaps in about a month. “They’ve been dropping like flies,” said Jack Batra, who is known on social media as “List Man Jack” and part of a loose-knit community tracking through online postings, media announcements, and … Read more
Last time large cap had this big a valuation premium over mid/small cap was 1999. They hit the generals last… pic.twitter.com/SXWqwBixFP — Endless Capit🅰️l (@endless_frank) January 27, 2022 $IWM could not get out of its own way, after trying to re-test pivotal resistance, a more hawkish presser than the market anticipated sent rates soaring and … Read more
If you 'e a trader suffering post-FOMC withdrawal, fear not. We have plenty of high-level event risk over the next 24 hours:– Chinese industrial profits– Germany consumer confidence– SARB rate decision– US 4Q GDP– US durable goods (supply chain)– Earnings – AAPL, HOOD, X — John Kicklighter (@JohnKicklighter) January 26, 2022
Key point the market has been very slow to grasp: POWELL: WE FULLY APPRECIATE THIS IS A DIFFERENT SITUATION THAN THE LAST TIME FED RAISED RATES — ʎllǝuuop ʇuǝɹq (@donnelly_brent) January 26, 2022 *The Fed via Powell has effectively confirmed they will tighten ‘gradually’ – and into a slowdown 2021 was a year of noise … Read more
Sorry I said 75 billion in less than a week I should have said less than 2 weeks. SORRY
Vegans who are not paying attention are going to be in for a rude awakening. Vegan food is turning into the future’s junk food: highly processed, unhealthy, and highly addictive. h/t DeeIsNutz
China is fighting backlash over the 2022 Beijing winter Olympics with a ream of propaganda. It’s employing western social media influencers, radio stations and a US-based marketing company. Watch this episode of China Uncensored for more on China’s propaganda efforts, what athletes are bracing for going into the Olympics, and how the CCP is tamping … Read more
Areas in blue are ROUGHLY the most likely to see a foot or more of snow. Less accumulation west, but still a storm. Finer details later today/tomorrow. pic.twitter.com/HI7tWMokpQ — Dave Epstein (@growingwisdom) January 26, 2022 Some '96 vibes with big snow potential followed by big meltdown potential next week Could be a wild ride ahead … Read more
The Story of China’s Ghost Cities and Its 65 Million Empty Homes https://interestingengineering.com/chinas-ghost-cities-and-its-65-million-empty-homes h/t TIO JUAN
At today’s Senate Health Committee hearing, Sen. Roger Marshall (R-KS) asked Dr. Anthony Fauci whether he’d submit a financial disclosure form which included his investments. Fauci’s reaction was shocking…
Let the scenes from this video serve as part of the training for undercover feds as to what NOT to do. See, the purpose of being an undercover fed is to not be instantly identifiable as these feds were in their Patriot Front disguises h/t sseess
by jessefelder In a year filled with notable market phenomena, one of the more notable of 2021 was the dramatic divergence between US and Chinese tech stocks. While the former consistently surged to set new highs the latter crashed, giving back all of its gains since the onset of the pandemic and then some. The … Read more
by confoundedinterest17 US new home sales spiked in December by 11.9% from November, but were down 14% year-over-year. But the median price of new home sales (YoY) declined to 3.4%. The Midwest saw a surge in new home sales (+56%). The MBA’s mortgage applications index shows declining purchase applications (-1.83%) and declining refinancing applications (-12.60%) … Read more
San Francisco officials pledged to better protect Asian Americans and Pacific Islanders as preliminary data from the city’s police department showed the number of people who reported being the victim of an anti-AAPI hate crime in the city last year increased by 567 percent compared with the previous year. There were eight anti-AAPI hate crimes … Read more
