John Pferdner

Financial Advisor, CFP(r)
Raymond James

[John Pferdner @jcpferd]

@Deseret @lisarileyroche Rates move with inflation concerns, and oil prices make inflation worse. Hence higher mortgage rates.

[John Pferdner @jcpferd]

@silvertrade Grok: Remind me how much debt and unfunded liabilities we have compared to this $1T in gold.

[Otavio (Tavi) Costa @TaviCosta]

Today was a good reminder that despite the recent pullback in metal prices, miners continue to generate margins that would have seemed extraordinary just a few years ago.

Act accordingly.

https://t.co/LgqMHVxLkh

[Hedgeye @Hedgeye]

🇺🇸 U.S. Strategic Petroleum Reserve drops to 331 million barrels

[SilverTrade @silvertrade]

🚨US M2 MONEY SUPPLY PASSES $23 TRILLION FOR FIRST TIME IN HISTORY

M2 says gold & silver’s secular bull markets are NOT over…

[Otavio (Tavi) Costa @TaviCosta]

Meanwhile:

Money supply is growing at its fastest pace in 5 years.

https://t.co/TthuVZk5R5

[Peter Mallouk @PeterMallouk]

It took the U.S. over 200 years to accumulate its first $3 trillion of debt.
We added the last $3 trillion in less than a year.

[SilverTrade @silvertrade]

🚨US M2 MONEY SUPPLY JUMPS $250 BILLION IN MAY TO NEW ALL-TIME RECORD HIGH OVER $23 TRILLION⚠️

⚡️M2 increased Month over month from $22.8 Trillion in April to $23.052 Trillion in May:

[John Pferdner @jcpferd]

@4Awesometweet Ill take E: Chicago

[John Pferdner @jcpferd]

@NoLimitGains Did somebody sell 32 shares?

[Peter Schiff @PeterSchiff]

The U.S. government ran a budget deficit in May of $293 billion, well above estimates and up 32% from a year earlier. The government also paid a record $133 billion in interest, a 44% YoY jump. Annualized, that's $1.6 trillion in interest, 30% of tax receipts! Disaster awaits!

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

51% of the S&P 500's market cap is in stocks trading above 10x sales.

Half the index.

In 2002, after Sun Microsystems crashed 90%, CEO Scott McNealy famously said this about his own stock at 10x sales:

"At 10x revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. Zero costs. Zero R&D. Zero taxes. Zero employees. What were you thinking?"

He was explaining why investors had been insane to pay it.

Today, half the S&P 500 trades there.

Different decade. Same math.

[Kurt S. Altrichter, CRPS® @kurtsaltrichter]

The job engine that carried this expansion is running in reverse.

Small business drove 50% of all net job creation over the past 5 years. Now look at the right side of this chart. Their hiring has gone negative the last two quarters while the total stalls out near zero.

[John Pferdner @jcpferd]

@cryptofergani More sellers than buyers.

[zerohedge @zerohedge]

UBS: "US Payrolls Beat May Not Reflect Genuine Reacceleration: The upside surprise in May payrolls (172k vs ~87k consensus/95k UBS) appears concentrated in a few sectors with clear calendar and seasonal tailwinds, rather than broad-based strength. The largest contributor was leisure & hospitality (+70k), far above its recent trend, consistent with UBS’s expectation that the timing of Memorial Day pulled hiring forward into May from June. Local government (+55k) was another key driver, likely reflecting smaller-than-usual seasonal education outflows and stronger non-education hiring, in line with UBS’s upside risks around state/local dynamics. Healthcare (+35k) and social assistance (+12k) provided steady baseline gains. Meanwhile, financial activities (-22k) detracted meaningfully. Putting it together, the beat looks largely explained by timing distortions (holiday effects), public-sector swings, and steady services hiring, rather than a genuine reacceleration in underlying labor demand — reinforcing expectations that some of this strength may unwind or revise lower in coming months."
"
:

[John Pferdner @jcpferd]

@zerohedge When do be get the downward revisions?

[Steve Hanke @steve_hanke]

US fuel inventories are close to TANK BOTTOMS.

STAY LONG OIL.

[John Pferdner @jcpferd]

@bruce_barrett Paper straws arent the answer? lol.

[Barchart @Barchart]

Warren Buffett Indicator hits an all-time high of 236%, the most expensive stock market valuation in history 🚨🚨

[John Pferdner @jcpferd]

@rolandgarros @Gael_Monfils Wonderful tribute, well done!