ETF Monkey (etfmonkey on Threads)

Using ETFs to build quality, diversified, low-cost portfolios. Find me at my @Substack newsletter, and @etfmonkey on threads

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

So excited to have my very own @substack newsletter! Signing up is free, and this is the only medium where I share my personal portfolio. I’d love it if you would join me on the journey to better investing.

https://t.co/nlxSh4L5gw

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

What if this #Christmas2023 surge was the last gasp of a totally tapped out consumer?

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

@HoyaCapital @DailyREITBeat @AllTheREITNews @ReitAcademy @NYSE @SeekingAlpha @arrofincomm @Solactive Congratulations, @HoyaCapital!

[Alf @MacroAlf]

By removing used cars, food, energy and housing you are stripping off over 60% of CPI components.

It's like saying Italy sucks if you don't account for weather, cuisine, art and nice people.

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

there seems to me to be the potential for a sharp correction. If even 1 or 2 homeowners in a neighborhood come into financial difficulty and are forced to sell at lower prices, this has somewhat of a “mark to market” effect on the whole neighborhood. When does the dam break?

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

Thank you, @Jeff_Tucke. So I see that, in the past year, roughly 10% of mortgage debt has moved from the sub-4% groupings to the over-5% groupings. Further, that a full 33% is now above 4%. What strikes me is that . . .

[Jeff Tucker @Jeff_Tucke]

Outstanding mortgage debt, by interest rate. Those low interest rates are a nonrenewable natural resource, slowly eroding as the principal gets paid down.

From the National Mortgage Database.

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

Something to ponder for those who think indexing is for losers. $SPY $SPX

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

Hang on, though. Is this nominal, or real? Given what inflation has been over this past year, might not a 5.6% “increase” for lower-income consumers simply be the same amount of non-discretionary items? @carlquintanilla

[Carl Quintanilla @carlquintanilla]

GOLDMAN: “.. Perhaps surprisingly, we find the lower-income consumer is outperforming, with our measure of same-store sales rising 5.6% year-on-year for the 10 retailers whose stores are generally located in lower-income zip codes.”

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

In recent articles for my @substack newsletter, this is one part of a pattern that keeps me cautious at the moment.

If the consumer is truly so “strong,” it seems counterintuitive to have at least some as desperate as this.

[CNBC @CNBC]

401(k) hardship withdrawals are on the rise. They're 'the worst way' to tap funds, expert says https://t.co/mBvVm3U3WP

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

We’ve been here before, in 2007-2009. The commonality? Prices became detached from actual affordability.

During that period, this was accommodated via ARMs, stated-income loans (actual income not verified), and interest-only loans. Looks like we are starting down the same path?

[The Kobeissi Letter @KobeissiLetter]

Here's how unaffordable the housing market has become:

Today, Zillow announced that they will begin offering mortgages with 1% down.

Meanwhile, other lenders are now offering 40-year mortgages.

The monthly payment on a $500,000 home with 30-year mortgage and 1% down is $3,500, or $42,000 per YEAR.

This is concerning.

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

https://t.co/EZw6tzXXPF

$SPY $SPX $BSV $BND $TLT $VXUS

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

@carlquintanilla @business I just checked, and the Schiller PE ratio was under 20 as the 1990s began. Today? North of 30. Are we sure there is an equivalency here? $SPX

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

@allstarcharts Me. 🙂

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

https://t.co/0kXKzdHFXx

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

In this article I share the reasons that I feel, as I describe it, that something’s gotta give. Supposedly, the economy and the consumer are... https://t.co/BCsWl0InuJ

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

Thanks to @Jenniferisms for a wonderful interview with @MaryDalyEcon that provided inspiration for this article.

https://t.co/4oxjQJdwLa

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

@carlquintanilla Is this the same B of A that just reported a 36% increase in 401(k) hardship withdrawals? Can both really be correct? $BAC

https://t.co/FSnx1JzJsW

[unusual_whales @unusual_whales]

LVMH has suggested luxury spending is suddenly slowing in the U.S, per CNBC.

[ETF Monkey (etfmonkey on Threads) @ETFmonkey]

In my latest article, I feature a recent UBS report on family offices. I identify an area in which many plan to expand allocations, and an ETF to help you do the same.

$VGK @SeekingAlpha

https://t.co/YlKB6nAoqF