John Blank @johnblank100.bsky.social

Macro Economist & Global Strategist

[Peter Berezin @PeterBerezinBCA]

My model, which consists of several hundred leading indicators for the stock market, is getting nervous. If the economic activity component deteriorates further, the z-score could fall below -1, a critical threshold that has reliably predicted bear markets in the past.

[John Blank @johnblank100.bsky.social @johnblank100]

It is great to see Thomas Massie and (a very few) of his GOP colleagues stand with all of the DNC on this.

Some day, the rest of his GOP colleagues can realize.

Backing Donald "Romanov" Trump is a path to an active Communist Party in the USA.
https://t.co/7A29D3V4Y6 via @ft

[Reuters @Reuters]

Morningstar values SpaceX at $780 billion, half its IPO target https://t.co/8pDJGDFGWP https://t.co/8pDJGDFGWP

[litquidity @litcapital]

Google is raising $80 billion of equity a week before SpaceX is trying to raise $75 billion a few months before Anthropic and OpenAI are trying to raise $100 billion from investors and you’re laughing???

This is a cataclysmic exit liquidity avalanche

[Dhaval Joshi @DhavalVJoshi]

This time, the bubble is not in chipmakers' valuations, the bubble is in chipmakers' PROFIT MARGINS. Once those unsustainable profit margins normalize, as they eventually must, WATCH OUT!

[John Blank @johnblank100.bsky.social @johnblank100]

Jobs & Inflation During the Iran Conflict: Global Week Ahead https://t.co/p0ls91IXMD

[John Blank @johnblank100.bsky.social @johnblank100]

There it is…

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Tech & Mag 7... Strong EPS but flat free cash - earnings quality issue? BofA

[Peter Boockvar @pboockvar]

Perspective

[John Blank @johnblank100.bsky.social @johnblank100]

https://t.co/ImKf1HXNeF

Watch this video…click

[Fabius Maximus (Ed.) @FabiusMaximus01]

SpaceX: the last stage of the US financial markets’ corruption & destruction. The AI bubble is a giant con, run by insiders but somewhat (perhaps) following the rules. The rules were waived for SpaceX, allowing an IPO with rapid ownership by index funds plus cash out by insiders,

[John Blank @johnblank100.bsky.social @johnblank100]

https://t.co/htBSATDwuf

Yep

[Fabius Maximus (Ed.) @FabiusMaximus01]

SpaceX: the last stage of the US financial markets’ corruption & destruction. The AI bubble is a giant con, run by insiders but somewhat (perhaps) following the rules. The rules were waived for SpaceX, allowing an IPO with rapid ownership by index funds plus cash out by insiders,

[John Blank @johnblank100.bsky.social @johnblank100]

The slow U.S. economy hides behind tech trading momentum.

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Tech sector +16% in May

Next best was Discretionary +2.6%

8 of 11 were negative @stockcharts

More from me: https://t.co/bO3mUPbhA9

[Robert A. Pape @ProfessorPape]

Everyone should read what Senior Vice President of Exxon Neil Chapman says about the oil price surge coming in 2-3 weeks

The next wave of the energy shock is approaching fast

[John Blank @johnblank100.bsky.social @johnblank100]

This is what happens when media hype takes an over-stretched CEO into ... doing nothing but lamely and tardily reacting (or doing nothing) .. in the face of well-positioned competitors.

[Gary Marcus @GaryMarcus]

I honestly think Elon’s best days are behind him:

BYD is crushing Tesla in EVs.

Waymo is crushing Tesla in AVs.

Anthropic, Openai, and Google are crushing Xai on AI.

The SpaceX S-1 is so ridiculous the Danish pension fund blacklisted it.

He is not the man he was.

[Julian Klymochko @JulianKlymochko]

It's a feeding frenzy.

Retail stock trading volume this month is on track to finish 10% above the previous record set during the January 2021 meme stock bubble.

[Mohamed A. El-Erian @elerianm]

Bloomberg: "Canada edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter...
Real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year...: That follows a 1% contraction in the fourth quarter."
#economy #growth #canada

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Hartnett BofA: June chockablock with event risk... US CPI ~4% on 10th, ECB hike on 11th, G7 summit 15th, BoJ hike 16th, Warsh first FOMC/presser 17th, UK by-election 18th, plus big month equity issuance

max bull positioning & profit expectations = take profits

[Barchart @Barchart]

JUST IN 🚨: Stock Market Shiller PE Ratio on the verge of taking out its Dot Com Bubble all-time high 🚨🤯👀

[John Blank @johnblank100.bsky.social @johnblank100]

"AI" Already Shifted the Manufacturing Landscape https://t.co/8Q5QcHmziE

[John Blank @johnblank100.bsky.social @johnblank100]

What Does Global Oil Shock Modeling Show Stock Traders? https://t.co/mcvbAV1fOg

[Mike Bird @Birdyword]

The past two months has been the strongest period for momentum in US equities in modern history, and it's not close. Puts any period during the Dot Com Bubble in the shade. Winners win and everyone else gets left behind.