The Wolf Street Report – Market Exuberance Ends, Pain Starts

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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

In the 14 months from the presidential election through January 2018, the Dow soared 49%. Housing prices soared too. The real economy followed. Consumers went on a spending spree. But now, this phenomenon — the surge in exuberance among consumers, investors, homebuyers, speculators, business-decision makers, and the like, often called the “Trump Bump,” whether or not Trump had anything to do with it — is petering out. So what will happen as this exuberance deflates? (13 minutes)

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Further reading:

In the Seattle metro housing market, inflection point was July. Conditions have deteriorated since. Read… Bubble Trouble: Seattle-Bellevue Metro Housing Market Goes South

In the San Francisco and Silicon Valley housing market, sellers got the memo and cut prices. Read…. Housing Downturn Arrives in Silicon Valley & San Francisco

READ  New California Rule: If even 1 person at work is not vaccinated, everyone must wear masks. Starts Jun 15.

It has been a wild ride for the US oil & gas sector, fueled by cheap money and by dashed hopes of high oil prices. Read…  How US Oil Booms & Busts Hit Industrial Production 

 

 

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