Philly Reetz

Traveler, Investor

[FIFA World Cup 26 Philadelphia™ @FWC26Philly]

Philly you’re incredible 🇺🇸

#FIFAFanFestival

[Philly Reetz @PhillyReetz]

@itsrosesm Comcast

[The Kobeissi Letter @KobeissiLetter]

US electricity prices are surging well ahead of inflation:

Electricity prices jumped +6.1% YoY in April, the highest reading since January.

This marks the 8th monthly increase above +5.0% over the last 10 months.

At the same time, overall US CPI rose +3.8% YoY, the biggest increase since May 2023.

This means electricity prices are rising ~61% faster than the broader inflation rate.

This comes as surging power demand from data centers is straining US energy grids, pushing wholesale electricity costs sharply higher.

Since January 2020, average US electricity prices have soared +44%, to an all-time high.

Over the same period, the CPI has risen +28%, also to its highest level on record.

US electricity price growth is accelerating.

[The Kobeissi Letter @KobeissiLetter]

The US auto loan crisis is accelerating:

The average amount owed by underwater car borrowers rose to ~$7,200 in Q1 2026, the highest on record and the 4th consecutive annual increase.

Over the last 4 years, the average amount owed by negative equity car borrowers has risen +71%.

Overall, ~30% of car buyers who traded in a vehicle in Q1 had negative equity.

This comes as pandemic-era vehicles, bought at peak prices, have lost value faster than borrowers can pay down the loans.

This compounds existing pressure on auto buyers amid elevated vehicle prices and interest rates.

Auto credit stress is spreading.

[Philly Reetz @PhillyReetz]

@Micro2Macr0 @WellsFargo I closed my account at Wells Fargo and the branch manager asked where I was going. I told him that I moved to Sofi and he said that he banked there too. LOL

[Philly Reetz @PhillyReetz]

@NotA_Bull Credit concerns - all the banks are in a correction

[Philly Reetz @PhillyReetz]

@FeroceResearch They are going to show impressive synergies from the integration of Redfin and Mr. Cooper.

[Philly Reetz @PhillyReetz]

@TylerHardt Buying the dip today

[NBC Olympics & Paralympics @NBCOlympics]

JACK HUGHES DELIVERS AMERICA'S GOLDEN MOMENT IN OVERTIME.

[Philly Reetz @PhillyReetz]

@GaddarDash @StockSavvyShay Overdone but probably the jobs data today raises risk of increased delinquencies

[Philly Reetz @PhillyReetz]

@conorsen Probably significant volume from refinances on the largest servicing portfolio in the industry

[Philly Reetz @PhillyReetz]

@epictrades1 Yessssss

[Philly Reetz @PhillyReetz]

@Mabiverse123 @CedarStResearch @claudeai They need marketing since they have low brand recognition and don't have the servicing portfolio opportunity of larger lenders.

[Philly Reetz @PhillyReetz]

@Ashton_1nvests $RKT

[Philly Reetz @PhillyReetz]

@anorak06121972 @investingluc Should be a more balanced business model with Servicing and Originations to mitigate risk. Mr. Cooper had very strong retention rates too.

[Philly Reetz @PhillyReetz]

@insiderinvests The execution is outstanding - BUY!

[Philly Reetz @PhillyReetz]

$RKT has a competitve edge due to its larger lower cost Consumer Direct Retail originations channel. They can offset the MSR prepayments more effectively than $PFSI, which is more reliant on Correspondent to mitigate the risk. Cost per loan goes down significantly at higher volume levels for $RKT. They will shine with the investments made while the market was down.

[Philly Reetz @PhillyReetz]

@AleksandarGenov @one_sail @investingluc Hopefully this is where we see the payoff of all of the investments in data and AI to recapture customers payoff. They can capitalize on a short-term drop in interest rates more effectively.

[Philly Reetz @PhillyReetz]

@one_sail @AleksandarGenov @investingluc And they originate more efficiently and quickly than anyone else.