We provide unfiltered news and market signals for people who have no time to search.
HEADLINE ALERT “The Financial Stability Oversight Council believes the US banking system remains sound & resilient despite the fact that some institutions are under stress, according to a statement issued by the Treasury Department following the body’s meeting earlier Friday.” — Danielle DiMartino Booth (@DiMartinoBooth) March 24, 2023 Evergrande just went to 0. 👀 pic.twitter.com/mJeTylgjpX … Read more
by confoundedinterest17 The Federal Reserve never died. In fact, The Fed is growing its balance sheet again. Why? A slowing economy and weakness in the banking sector (thanks to inflation and the Fed trying to get inflation back to 2%. And the banking fiasco keeps rolling, particularly in Europe where Credit Suisse has been in the … Read more
by Basic_Huckleberry743 Net income has been roughly flat for the past 20 years at $900M. WU isn’t going away anytime soon. Just one year ago this was trading in the ~$18 range. Net income hasn’t collapsed nor is forecast to collapse to warrant this magnitude of price decline. This usually trades as a ~10 P/E … Read more
Joe Biden: "Today, I applaud China for stepping up. Excuse me, Canada." This man is supposed to be the leader of the free world? 🤦🏻♂️pic.twitter.com/sykdOxClK0 — Proud Elephant 🇺🇸🦅 (@ProudElephant) March 24, 2023
https://twitter.com/Edwin07011/status/1638918047590412289?ref_src=twsrc%5Etfw
We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work to resolve this as soon as possible. New updates will be shared here. — Binance (@binance) March 24, 2023
Jim Cramer has just said that Deutsche Bank, $DB, is fine. pic.twitter.com/SusXRg19Gh — unusual_whales (@unusual_whales) March 24, 2023 View post on imgur.com View post on imgur.com h/t dr0id
By Graham Summers, MBA Stocks are rallying today because they believe: 1) The bank crisis is over (it isn’t). 2) The Fed is back to easing (it isn’t). 3) The economy is strong (it isn’t). 4) The Fed can achieve a “soft landing” (it can’t). The Russell 2000 (IWM) which is more closely aligned with … Read more
by Martin Armstrong Republicans are working to prevent the central bank from establishing a digital currency (central bank digital currency or CBDC). Ted Cruz (R-Texas), backed by Mike Braun (R-Ind.) and Chuck Grassley (R-Iowa), proposed S. 887: “A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or … Read more
By Lance Roberts Recession indicators a ringing loudly. Yet, the Fed remains focused on its inflation fight, as repeatedly noted by Jerome Powell following this week’s FOMC meeting. During his press conference, he specifically made two critical comments. The first was that inflation remains too high and is well above the Fed’s two-percent goal. The … Read more
by confoundedinterest17 Alarm! New home sales rose 1.11% since January and is down -19% since last February (YoY). The median price of new home sales is down a whopping -8.18% since December 2022. And average price is down -12.83%.
More than 100 students at a Long Island high school fell ill this week in what health officials believe to be a nasty outbreak of the highly-contagious and drug-resistant norovirus. The nightmarish scenario at Babylon High School may have begun at a Friday night school dance that was interrupted when students attending began vomiting, News12 … Read more
JUST IN – Treasury Secretary Yellen convenes U.S. financial regulators for an unscheduled meeting — Bloomberg — Disclose.tv (@disclosetv) March 24, 2023 Treasury Secretary Janet Yellen will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council. The meeting will be closed to the … Read more
Nearly all Fed officials saw risks to that already-downgraded forecast as tilted to the downside. via Bloomberg: Federal Reserve Chair Jerome Powell and his colleagues are expecting a sharp dropoff in economic activity through the rest of 2023 — at least, that’s the implication from new economic projections they published this week. The figures show … Read more
It cannot be a coincidence that so many people ended up acting like this that go to these indoctrination centers. Programming these kids to act like complete shit is 100% intentional. But my question is, is there one entity that is behind it, or is it just some sort of decentralized Marxist religion run amock? … Read more
In the middle of his appearance on TV, Macron realized that he was wearing a watch worth 80,000 euros, so he quickly decided to take it off without anyone noticing… In the middle of his appearance on TV, Macron realized that he was wearing a watch worth 80,000 euros, so he quickly decided to take … Read more
‘North Korea says it has tested an underwater drone that can unleash a “radioactive tsunami”. The “secret weapon” was put in the waters off South Hamgyong province on Tuesday, state news agency KCNA says. It cruised for over 59 hours at a depth of 80 to 150 metres and was detonated off its east coast, … Read more
by Michael When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air. A major credit contraction would be a nightmare scenario for the economy, and as you will see below, there is evidence that this is already starting to … Read more
#BREAKING: US has launched airstrikes in Syria after one US contractor was killed & five US troops were injured when a drone of Iranian origin attacked a coalition base near Hasakah in Syria, Pentagon says – ABC — Faytuks News (@Faytuks) March 24, 2023 UPDATE: At the direction of President Biden, I authorized precision airstrikes … Read more
By Graham Summers, MBA Now is the time to be particularly careful in the markets. First and foremost, the banking crisis is not over. This is quite concerning, because the Fed has pumped nearly $400 BILLION into the financial system in the last two weeks. Despite these emergency loans/ access to credit, the regional banking ETF is … Read more