S&P 500 is down roughly 20% from the top, the next leg down has begun and will lead to an additional -50% decline. This will be a waterfall sell-off, wiping out the majority of market participants.
Lights out for many.
— HOZ (@MFHoz) September 2, 2022
We were expecting a W-4 to 4013, we got it🤝
Now we are working on W-5
Once W-5 is complete I believe we will see one of the best SHORT opportunities of the year present itself⏰ pic.twitter.com/rvW7mPTWjs
— Mauro (@MauroBianchi24) September 2, 2022
The US Dollar is unstoppable. $DXY pic.twitter.com/XNzvLXE1Pe
— Ayesha Tariq, CFA (@ayeshatariq) September 2, 2022
Well would you look at who finally started dumping MBS! 20B this week.
Homes in US sell below list price for first time in 18 months according to $RDFN, largely due mortgage rates:
This means prices have to come down faster!$XHB $HD $LOW $PHM $HOV $TOL $LGIH $BZH pic.twitter.com/DUbQfkBuBe
— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) September 2, 2022
🇺🇸 #Housing #Recession | US #Mortgage Rates Rise, Hitting Highest Level Since End of June – Bloomberg
*Link: t.co/tMQclJszyj pic.twitter.com/8YhBuIQSZf— Christophe Barraud🛢🐳 (@C_Barraud) September 2, 2022
Got triple rate hike? pic.twitter.com/HCKPYIa5KB
— Mac10 (@SuburbanDrone) September 2, 2022
When they swap like this, the dollar weakens
this gives the fed room to raise rates more.
And a weak dollar?
Stonks moon.
Vol crush. pic.twitter.com/Z8DseY0HBl
— Expound the profound (@frankoz95967943) September 2, 2022
🌎 Global Bonds Tumble Into Their First Bear Market in a Generation – Bloomberg
*Link: t.co/ncrCorkEcr pic.twitter.com/NoQI6Za20L— Christophe Barraud🛢🐳 (@C_Barraud) September 2, 2022
🇨🇳 Worst #China #Property Earnings Since 2008 Signal More Stock Angst – Bloomberg
*Link: t.co/JXNhPUjSp1 pic.twitter.com/Q968QcxGGW— Christophe Barraud🛢🐳 (@C_Barraud) September 2, 2022
Stocks are right where they should be – they don't lead leading indicators, they effectively trade with them. If PMIs continue to decline (we think they will), stocks will likely remain under pressure. #macro $SPY #hOpe pic.twitter.com/TG64JsNMFo
— Kantro (@MichaelKantro) September 2, 2022