Sarab

Life is Beautiful! Read Read Read and prosper.

[The Kobeissi Letter @KobeissiLetter]

American economic confidence is now below April 2020 levels:

The Gallup Economic Confidence Index declined -11 points in April, to -38, the lowest reading since November 2023.

This is now below the pandemic low of -33 points seen in April 2020.

To put this into perspective, the all-time high was +56 points in January 2000, while the all-time low was -72 points in October 2008.

Currently, 73% of Americans believe the economy is getting worse, the highest since May 2023, while only 23% believe it is getting better.

Furthermore, only 33% of Americans say it is a good time to find a quality job, the lowest reading since January 2021, down from a peak of 74% in October 2021.

Americans are very concerned about the economy.

[The Kobeissi Letter @KobeissiLetter]

SEMAFOR US APPROVAL OF NVIDIA’S H200 CHIP SALES TO CHINA:

“The move has the support of US Commerce Secretary Howard Lutnick.”

Once again, this is market-moving if confirmed by the Trump Administration.

The entire AI trade will have a new catalyst:

China is returning.

[The Kobeissi Letter @KobeissiLetter]

The Kobeissi Letter for the week of December 1st has been published and may be viewed through the link below:

https://t.co/9c65UCfNau

The Chart of the Week for the week of December 1st has been published. View or sign up for FREE through the link below:

https://t.co/lFT7Stj4p1

[Stocktwits @Stocktwits]

$GOOGL TPU supplier cheat sheet 👀

[*Walter Bloomberg @DeItaone]

🚨 FED'S BOSTIC: FIRMS SURVEYED EXPECT TO RAISE PRICES WELL INTO 2026, AND BY SUBSTANTIALLY MORE THAN 2%

[The Kobeissi Letter @KobeissiLetter]

US home prices are slowly starting to decline:

Home prices across America’s 20 largest cities fell -0.07% MoM in August, less than the -0.20% decline expected.

This marks the 5th consecutive monthly drop, the second-longest streak in 14 years.

However, prices were still up +1.82% on a year-over-year basis, the smallest gain since July 2023.

Meanwhile, US home values adjusted for inflation recorded their third consecutive monthly decline.

Despite this, real home prices remain ~10% above their 2006 housing bubble peak.

Is the US housing market approaching a turning point?

[NOTRELOAD AI @notreload_ai]

$F +3.66%, $GM +1% [Gas car stocks (Ford/GM) are peaking because emissions rules may be dropped. Most automakers support the rollback, favoring gas cars over EVs. EV giant Tesla wants the rules kept. Friday afternoon saw Ford shares reach their highest level since July 2024, while GM’s stock hit highs not seen since January 2022.] https://t.co/iPpcM93ayz

[NOTRELOAD AI @notreload_ai]

$FVRR -4.2% [Fiverr is restructuring, cutting about 250 jobs. They're becoming a leaner, AI-native company to boost growth and aim for a 25% profit margin by 2026, a year ahead of target, by adopting AI for efficiency.] https://t.co/SE59gdXbJi

[The Kobeissi Letter @KobeissiLetter]

Absolutely incredible:

Ethereum is causally up another +7% on a Saturday night and now trading at $4,300.

This marks its highest level since December 2021.

Crypto is on fire.

[The Kobeissi Letter @KobeissiLetter]

Buybacks are back:

US companies announced $166 billion in stock buybacks last month, the most for any July on record.

This surpassed the previous record of $88 billion in 2006.

This is also TRIPLE the 2021-2023 average and more than DOUBLE the amount seen last year.

Year-to-date, announced buybacks stand at $926 billion, $108 billion above the previous year-to-date record set in 2022.

Financial and technology firms have been the main drivers of the surge.

US companies are betting on themselves.

[ESPN @espn]

A day later, it still happened: one of the greatest in-game comebacks of all time.

https://t.co/yGwAjKac8c (U.S. only)