BREAKING: 84% of S&P 500 stocks are now trading at least -10% below their all-time highs.
Real Estate leads the drawdown, with 97% of stocks down at least -10%, followed by Materials at 96%, Utilities at 94%, and Consumer Discretionary at 92%.
By comparison, Energy has held up relatively better, with 62% of stocks more than -10% below their all-time highs, followed by Healthcare at 70% and Information Technology at 72%.
Furthermore, 59% of S&P 500 stocks are down at least -20% from their highs, 41% are down more than -30%, and 17% are down more than -50%.
Meanwhile, the S&P 500 is just 0.2% from its all-time high set on Tuesday.
A few names are carrying the entire stock market.
Banksters are working hard to push #Gold price down to trigger a panic sell before Chinese come back from a week long holiday tonight
Problem is that China has been buying more when the price is down all through 2026. The price slam is always met with buy the dip
PBOC must thank these banksters as it can break the 740,000 Troy oz record in October with these low price
When mortgage rates were 3%, the monthly payment on a $500K house with 10% down was about $1,900. When rates rise to 9% next year, the same mortgage will cost over $3,600. At that rate, to reduce the payment to $1,900, the price of the house would have to fall by nearly 50%.
The People's Bank of China reports #gold reserves of 2,410 tonnes in September, a 23 tonne increase m/m. That is the 23rd consecutive month of additions and the highest monthly increase since September 2023 (26 tonnes). YTD net purchases now total 103 tonnes.
Trump is considering suspending the federal gas tax. Not only will this push up gas prices by increasing demand for gas, but the loss of tax revenue will lead to a larger budget deficit and higher inflation to finance it, which will push up the price of all goods and services.
🚨 30-YEAR TREASURY HITS 5.7%.
HIGHEST SINCE 2002.
Remember when 5% was “locking in a great yield”?
Well - that 5% bond is now worth about 90 cents on the dollar.
That’s a 10% capital loss already.
See you suckers at 6% 🫡
CHART OF THE DAY: The cost of hiring a supertanker to ship oil from the Persian Gulf to the Far East has climbed further, reaching ~$1.3 million per day.
(It was less than $50,000 a day before the war started; and ~$1.1 million when I first published the chart in September)
🚨JUDY SHELTON SUGGESTS EXPLODING BOND YIELDS MAY BE THE RESULT OF HIGH DEMAND FOR LONG-TERM CAPITAL‼️
🏦SHELTON IS "STANDING BY WHAT I EXPLAINED 2 MONTHS AGO": TRUMP'S PRO-GROWTH ECONOMIC AGENDA IS RESULTING IN INNOVATIVE PROJECTS & ECONOMIC GROWTH
👀So we DON'T have a BOND CRISIS⁉️ It's all just explosive demand for long-term capital because the US Economy is so hot??