by Boo_Randy
Relentless climb in yields. pic.twitter.com/bVIgIQB8e0
— Brian G (@alphacharts) September 14, 2022
Uh Oh … Inventory data and mortgage rates are suggesting a serious drop in the housing market
Is Fed going to raise rates next week by 75 bps or 100 bps…? Yesterday the chance of 100 bps was 0% whereas today it is 24%… at least 75 bps seems guaranteed
“Wells Fargo CFO says there will be stress as economy slows”
JPMorgan, UBS, MORGAN STANLEY, DEUTSCHE BANK… is there something wrong…??? #Collapse #AllBanksFail #Default
“Deutsche Bank’s IPB unit hires new director in Americas”
“Morgan Stanley says rise in interest rates hurts mortgage demand”
“UBS CFO sees increased client caution as global economy slows”
“JPMorgan says will be careful about banker cuts amid investment banking downturn”
No end in sight for Wall Street deals slump as JPMorgan says advisory revenue plunges 50%
Consumers are getting completely squeezed.
Mortgage rates just surged to their highest level since 2008.
Then add:
▪️ Inflation outpacing wage growth
▪️ Saving rates near historical lows
▪️ Labor markets deteriorating
▪️ Consumer sentiment depressed pic.twitter.com/G5sqCjmRsA— Otavio (Tavi) Costa (@TaviCosta) September 13, 2022
US Bank Deposits fell by a record $370B in the 2nd quarter. This is against a record $5T increase over the past 2 years so there's still a lot more to go. But, it's a first step in what the Fed is aiming for. pic.twitter.com/5gHUCrxDAl
— Ayesha Tariq, CFA (@ayeshatariq) September 14, 2022
⚠️ Google Cuts Funding, Jobs at Its New Idea Incubator
◉ Some projects slashed; workers asked to seek new Google roles
◉ Google working to improve efficiency as ad budgets tighten
via t.co/wXVagA4CLit.co/cPTaaOGNyf
— PiQ (@PriapusIQ) September 14, 2022
Retail demand continues to slow across advanced countries. Tomorrow, we get an update on Retail Sales data for the US. pic.twitter.com/eDErn1T5mz
— Ayesha Tariq, CFA (@ayeshatariq) September 14, 2022