$3.6BN outflow from equity funds (ex ETF) in the last week… 47 consecutive weeks of outflows: Lipper
— zerohedge (@zerohedge) December 29, 2022
Right now there are ten bulls for every bear in broader society. Including passive investors.
This doesn't end until we are the bulls, and they are the bears. pic.twitter.com/w0hnPBGET2
— Mac10 (@SuburbanDrone) December 29, 2022
Inflation is only 7% … yeah, I believe that. 🤨 pic.twitter.com/xXHNR1PJeI
— Wall Street Silver (@WallStreetSilv) December 29, 2022
These are the worst performing stocks in the Nasdaq-100 this year:$TSLA -69%$META -65%$NVDA -52%$NFLX -52%$AMZN -50%$GOOGL -39%
Which would you buy for 2023?
— Stephen (@StephenCFU_) December 29, 2022
Why is $SPX 3835 such a big deal, you might ask?
Look at the call exposure there, largely from $JPM. pic.twitter.com/YQK3r7wUUH
— Markets & Mayhem (@Mayhem4Markets) December 29, 2022
US home prices vs US incomes…
Will we close the gap… ?🔥 pic.twitter.com/BO9hRX3juQ
— Wall Street Silver (@WallStreetSilv) December 29, 2022
Central banks are scooping up gold at the fastest pace since 1967.
China and Russia are big buyers and are keen to diversify their reserves away from the dollar.
The last time purchases were this high, the London Gold Pool collapsed in March 1968. pic.twitter.com/xYRtFWPcfr
— Wall Street Silver (@WallStreetSilv) December 29, 2022
Michael Burry, the prescient investor of “The Big Short” fame, issued a slew of dire predictions in 2022.
The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted a slump in consumer spending and company earnings would spark a painful recession.
Burry bet against Apple, virtually liquidated his portfolio for a period, and hinted he may be short the market. He also took several jabs at Tesla, but welcomed Elon Musk’s Twitter purchase.
YOU DON’T SAY: Inflation Takes Biggest Bite From Middle-Income Households.
Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest.
Many low-income households, benefiting from exceptionally low unemployment rates, have found jobs and experienced wage increases that lifted income more than the cost of living, according to studies by the Congressional Budget Office and others. Many were also bolstered by federal payments during the pandemic.
At the high end, many households have seen big losses in stock and bond markets, but their income and savings were large enough that they were able to keep spending aggressively.
The middle has been in a vise.
h/t BoatSurfer600