The US housing market is shifting in buyers' favor now:
46% of home sellers gave buyer concessions in May—the highest May figure ever.
That's DOUBLED since 2022 and up for the 2nd year in a row.
We've got ~47% more sellers than buyers, nearly record-high, with high mortg
Breaking: Trump just slapped 100% tariffs on any country hitting US companies with a Digital Services Tax 💥
Guess he's done playing nice with foreign digital fees.
Oracle crushed it again — revenue jumped 21% to $19.2B as more companies flock to their cloud tools and apps. Solid quarter all around 🚀
$ORCL down 2% in after-hours though 📉
🇺🇸CPI numbers just dropped!
CPI YoY: 4.2% (matched forecast, up from 3.8%)
Core CPI YoY: 2.9% (matched forecast, up from 2.8%)
Both were right on the money.
A few things stood out today about where money is flowing.
Bullish: $HD up 3.6% while the market dipped. Hotels $MAR and $HLT hit all-time highs. People aren’t booking fancy suites if the consumer is weak. Travel and home retail are still strong.
Warning: Gas stocks $EXE
$DUOL has dropped over 75% in the past year, and management saw it coming…
Over the last 4 years:
- Free cash flow jumped from $24M to $265M
- No debt
- $400M stock buyback program
- Almost all earnings turn into cash
So why did the stock tank?
Because Wall