There’s a lot more Wealth Destruction to go. The liquidity squeeze is just getting started. Forward EPS for global stocks are coming down.

$80 Trillion – combined value of US Housing + Stock Market

$25 Trillion – GDP

There's a lot more Wealth Destruction to go. 📉 pic.twitter.com/zRDOtYgUzU

— Nick Gerli (@nickgerli1) October 5, 2022

The liquidity squeeze is just getting started. t.co/aV56xztXKN

— Ben Hunt (@EpsilonTheory) October 6, 2022

I don’t think people fully understand the situation.. liquidity has begun to dry up way before the tightening monetary policy by the FED

If you hear someone saying the dollar will crash at some point..he doesn’t understand financial markets pic.twitter.com/eUe6kHTluS

— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) October 6, 2022

Forward EPS for global stocks are coming down. We’re almost at pre-pandemic levels. pic.twitter.com/rFUBJhNPp1

— Ayesha Tariq, CFA (@ayeshatariq) October 6, 2022

Bank of England is facing a credibility crisis

10y yield is bouncing back pic.twitter.com/SjgbRVnEir

— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) October 6, 2022

Market Cap to GDP: August Buffett Valuation Indicator t.co/onPhdldqom pic.twitter.com/047TZK9EaH

— Jill Mislinski (@JillMislinski) October 6, 2022

Wall Street: The U.S. housing market to see the second biggest home price decline since the Great Depression

National home price declines are uncommon, but it does occur on occasion. It happened in the early 1980s, then again in the early 1990s, and most notably in the years following the 2008 housing crash. That said, sharp home price declines are incredibly rare: Only the Great Depression and the Great Recession saw nationwide home prices fall in the double-digits range.

Federal Reserve Alert! Governor Lisa D. Cook (in first speech as governor): ‘inflation is too high, it must come down, and we will keep at it until the job is done.’

A fun little video illustrating the impact of inflation in various products that touch our everyday lives.pic.twitter.com/2qY4HGuv3I

— Markets & Mayhem (@Mayhem4Markets) October 6, 2022

"The consumer's finances are very strong" pic.twitter.com/lnlPmog5ez

— Markets & Mayhem (@Mayhem4Markets) October 5, 2022

Challenger Gray: September U.S. Hiring Intentions Hit Lowest Level Since 2011

— *Walter Bloomberg (@DeItaone) October 6, 2022

We still haven't seen significant outflows from equity funds yet. pic.twitter.com/nyb6Mp674T

— Markets & Mayhem (@Mayhem4Markets) October 5, 2022

FED'S MESTER: THERE WILL BE NO RATE CUTS NEXT YEAR.

— Breaking Market News ⚡️ (@financialjuice) October 6, 2022

FED'S WALLER: I AM NOT CONSIDERING SLOWING OR STOPPING RATE INCREASES DUE TO FINANCIAL STABILITY CONCERNS.

— Breaking Market News ⚡️ (@financialjuice) October 6, 2022

2-year yields heading back up, closing in on the highest level of the cycle, as more hikes get priced in pic.twitter.com/zOnh6Y7vjT

— Joe Weisenthal (@TheStalwart) October 7, 2022