Meanwhile, copper prices are hitting the lowest levels since November

by betsharks0 https://www.bloomberg.com/news/articles/2023-05-24/chinese-stocks-close-to-erasing-2023-gain-as-headwinds-intensify?utm_source=website&utm_medium=share&utm_campaign=twitter?sref=TuHNl142 For those regards who want to understand what’s happening: Copper, used mostly in wiring, has a customer base of automobiles Sector. The downward trend in price indicates not enough demand for copper, which indicates that we are, …

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Hang ‘Em High! US Treasury 10Y-2Y Yield Curve Inverts To Near Lowest Since 1981, Credit/Equity Spread Turns Positive As Fed Tightens Monetary Noose

by confoundedinterest17 Hang ’em high! As inflation remains persist (thanks to endless Fed stimulus and endless Federal spending splurges), we are seeing The Federal Reserve finally withdrawing the monetary stimulus (tightening the monetary noose). And with it, the US Treasury yield …

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Mortgage Applications Dropped To Lowest Since 1996 As Purchase Applications Drop -22.2% WoW, -38.5% 2WoW, -42% YoY (Refi Apps Down -87% YoY)

by confoundedinterest17 Mortgage applications generally nosedive in the last two weeks of the year (seasonality effect), but Federal Reserce monetary tightening to fight inflation is making the last two weeks worse than usual. Mortgage applications decreased 13.2 percent from two …

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Blackrock’s Dire Forecast For 2023 And FAANG’s Loss Of >$3 Trillion In 2023 (M2 Money Velocity Near Lowest In History, US Yield Curve STILL Inverted)

by confoundedinterest17 Blackrock has a grim presentation on investing in 2023. Particularly with regards to The Federal Reserve and their ability to stave-off a recession (comin’ at you!). Central bankers won’t ride to the rescue when growth slows in this new …

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