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Thursday, January 20, 2022

Americans Face A Nightmare Scenario: Record High Home Prices, Record High Rents… And OER...

While the Fed keeps touting the "transitory" nature of runaway inflation, millions of Americans will soon be living under a bridge as both house prices and rents are now rising at a record pace (at least until cities start charging a "bridge habitation" tax).Earlier today we reported that the latest Case Shiller data showed that…

Record Plastic Prices May Go “Stratospheric” As Hurricane Approaches Gulf Coast

Tropical Storm Ida has strengthened into a Category 1 hurricane, making landfall on Isla de la Juventud, the second-largest Cuban island. The hurricane is expected to strike Louisiana late Sunday or early Monday.At 1315 ET, the National Hurricane Center (NHC) said data from an Air Force Reserve Hurricane Hunter aircraft indicated Ida was upgraded from…
stocks-dump’n’pump-to-record-highs-as-real-yields-hit-new-record-lows

Stocks Dump’n’Pump To Record Highs As Real Yields Hit New Record Lows

Stocks tanked in the pre-market with small caps down over 1% before Factory Orders printed at 10amET (better than expected but entirely decoupled from ISM)...Source: Bloomberg...and everything took off. Dow and S&P outperformed (S&P Record Highs) while Small Caps lagged but all were green on the day...because this proves the recovery is real, right?China made…
at-record-highs,-copper-“is-the-new-oil”-&-could-be-a-double-from-here

At Record Highs, Copper “Is The New Oil” & Could Be A Double From...

On the heels of record highs in Iron Ore and Steel earlier this week, as commodity demand soars on the back of economies emerging from COVID lockdowns (demand) and various supply chain/operational issues (supply); copper prices surged to an all-time high this morning as Chinese investors unleashed fresh demand following a five-day holiday.Source: BloombergBloomberg Intelligence strategist Mike…
“record-market-fragility”:-something-snapped-in-q1…-and-what-goldman-expects-for-q2

“Record Market Fragility”: Something Snapped In Q1… And What Goldman Expects For Q2

As Goldman trader and head of HF sales Tony Pasquariello writes in his first quarter post-mortem, "Q1 is done. boring, it was not."And, boy, can say that again... but before we get into the weeds of what happened (and what may happen) let's first take a look at the obvious - the best and worst…
record-number-of-migrant-children-sitting-in-biden’s-border-patrol-‘cages’

Record Number Of Migrant Children Sitting In Biden’s Border Patrol ‘Cages’

A record number of migrant children are being kept in Border Patrol 'cages' as a surge in migrants continues to overwhelm the Biden administration's ability to keep up.Children sleeping in cages built by the Obama-Biden administration (2014)As of Monday, as over 3,200 unaccompanied minors were reported in Border Patrol facilities, with nearly half being held…
record-hedge-fund-alpha-hit-was-followed-by…-largest-ever-inflows-to-silver,-tech-stocks

Record Hedge Fund Alpha Hit Was Followed By… Largest Ever Inflows To Silver, Tech...

While stocks have clearly moved on from the short squeeze fireworks of the past two weeks, with the S&P trading at all time highs and the Nasdaq up 5% this week alone, the flows beneath the market's surface were anything but calm at a time when we saw unprecedented hedge fund degrossing (or deleveraging) and…
ny-sees-record-jump-in-covid-cases;-bidens-to-be-vaccinated-monday:-live-updates

NY Sees Record Jump In COVID Cases; Bidens To Be Vaccinated Monday: Live Updates

Summary: Biden to receive first vaccine dose MondayMexico City imposes new restrictionsNY suffers worst daily case numbers since pandemic beganSweden orders face-mask use, warns herd immunity has "failed"Hospitalizations trend higher in every region but Midwest240K+ new cases reported, new daily record1.1MM doses received in 4 countriesNearly 50K doses administered in USPence vaccinated live on TVBeijing…
futures-hit-new-record-high-after-buffett-reveals-5%-stakes-in-five-major-japanese-trading-companies

Futures Hit New Record High After Buffett Reveals 5% Stakes In Five Major Japanese...

There were audible gasps across Wall Street on August 15th when the latest Berkshire 13-F revealed that the Oracle of Omaha had cut his stakes in most US banks (and fully sold out of Goldman), while taking a new and unprecedented for Berkshire Hathaway position in Barrick Gold. But while Warren Buffett, who turns 90…
us-default-bomb-goes-off:-2020-will-have-a-record-number-of-large-corporate-bankruptcies

US Default Bomb Goes Off: 2020 Will Have A Record Number Of Large Corporate...

The disconnect between the all time highs in the stock market and the broader economy has never been greater (with even Janet Yellen, one of the main architects of this disconnect, agreeing), and one of the places where this chasm is most glaring, is in the staggering number of major corporations filing for bankruptcy in…
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