This bear market will get worse in 2023. By the time investors figure out what to do, the horses will be out of the barn. It will be an illiquid steep sell-off. Policymakers will be powerless.

This bear market will get worse in 2023. By the time investors figure out what to do, the horses will be out of the barn.

It will be an illiquid steep sell-off. Policymakers will be powerless.

— HOZ (@MFHoz) October 30, 2022

Americans should brace for a cash crunch and a painful recession, experts say. Here’s what Jamie Dimon, David Solomon, and Ray Dalio warned this week.

• Jamie Dimon, David Solomon, and Ray Dalio warned of a cash crunch this week.
• Dimon and Solomon flagged the risk of a US recession and a slump in consumer spending.
• Dalio underlined how rising interest rates could squeeze cash-strapped, debt-ridden governments.

Stocks crashed 50% in the 2008 crisis. Here’s how bad Jamie Dimon, Nouriel Roubini, Michael Burry, and other top commentators see it getting in the next recession.

• A slew of factors weighing on the global economy has sparked comparisons to 2008, with dire predictions for stocks.
• Credit Suisse briefly shook markets on fears of collapse, spiking anxiety over another Lehman Brothers moment.
• Here’s how bad a the next downturn could hit the stock market, according to five top experts.

Stocks could sink 25% as the liquidity crisis in Treasuries threatens to spill over to other markets

This is not oil, a meme stock or even a shitcoin. It’s credit card debt in America. pic.twitter.com/3YIiLg15e7

— Genevieve Roch-Decter, CFA (@GRDecter) October 30, 2022

In March 8% of Phoenix single-family MLS listings failed to sell. The listings were canceled or expired without a sale.

In September, 32% failed to sell.

October will likely have the highest listing failure rate since 2011.

— John Wake (@JohnWake) October 30, 2022

 

#recession … #GFC2 US edition t.co/uVAee9tni2

— Invariant Perspective (@InvariantPersp1) October 31, 2022

Russell 2000 Growth/value stock performance relative to bonds is still lagging 👀

The recent move we’ve seen in the equity market between industrials & tech, it’s a sign that investors are well positioned to support higher rates rather than “pivot” hopium imo. pic.twitter.com/I1qyxDlRaD

— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) October 30, 2022

Meanwhile in EU, Canada and China…

BREAKING: 🇪🇺 Eurozone inflation reaches 10.7%, the highest ever recorded.

— Watcher.Guru (@WatcherGuru) October 31, 2022

#China

*Oct. manufacturing PMI falls to 49.2 from 50.1 in Sept.; est. 49.8 (20 economists)

*Oct. non-manufacturing PMI falls to 48.7 from 50.6 in Sept.; est. 50.1 (13 economists)

*Oct. composite PMI falls to 49.0 from 50.9 in Sept.@business

— Danielle DiMartino Booth (@DiMartinoBooth) October 31, 2022

Feels like the calm before the storm. Canadian real estate market has to be extremely vulnerable once it sinks in that higher rates are here to stay. How long will this take is the big question?

— Martin Pelletier (@MPelletierCIO) October 30, 2022