valbol

Life is good, good is life

[valbol @valbol2]

@synthwavedd @grok verify this scoop

[valbol @valbol2]

@JesseCohenInv @grok explain the issue here

[Fermat's Library @fermatslibrary]

40585 is the largest factorion and was discovered in 1964 by Leigh Janes

[zerohedge @zerohedge]

The market has been this concentrated just once before.

[valbol @valbol2]

No bubble… everything will be alright

[The Kobeissi Letter @KobeissiLetter]

Just how big have the Magnificent 7 become?

According to Deutsche Bank, the Magnificent 7 would make the 2nd largest stock market in the world.

The Magnificent 7 have a market cap that is more than double Japan's market and 4 times as large as France's market.

The market cap of Apple, $AAPL, and the entire UK stock market are the same.

Furthermore, Microsoft's, $MSFT, market cap is almost 5 TIMES as big as Italy's stock market.

Truly incredible.

[Michael A. Arouet @MichaelAArouet]

It doesn’t happen that often that one needs to go back a century. Take this 1999.

[Jim Bianco @biancoresearch]

https://t.co/Cor0P5fChI

Summers Sees ‘Meaningful Chance’ Next Fed Move Will Be a Hike

Persistent inflationary pressures evident in the latest data suggest that there’s potential for the next Federal Reserve policy move to be to raise interest rates, not lower them.

[Bravos Research @bravosresearch]

There have been 13 tightening cycles since 1954

Hard landings = 10

Soft landings = 3

[Not Jerome Powell @alifarhat79]

The Simpsons predicted the Apple Vision Pro. Unreal!

[Geiger Capital @Geiger_Capital]

NEW ALL TIME HIGH‼️🔥

Friendly Reminder:

Historically, the $SPX always hits a new ATH at peak rates, before a recession.

[Peter St Onge, Ph.D. @profstonge]

Inflation is back.

After months of mainstream victory laps, new inflation data is soaring. It almost doubled the year-ago, and almost tripled the previous month.

Why? Simple: They never cut Federal spending.

In fact, it soared. Giving us faked GDP and jobs numbers, and now the inflation to go along with it.

[Peter St Onge, Ph.D. @profstonge]

The Fed's leading the world back to the money printers, with 152 rate cuts forecast worldwide in 2024.

Normally this means global recession. But doing this with inflation running hot suggests outright desperation.

We're following the 1970's stagflation to a tee.

[Not Jerome Powell @alifarhat79]

Sell everything

[Jim Bianco @biancoresearch]

1/7

The orange line shows the Fed "dot chart" projects three funds rate cuts in 2024.

The blue line shows the market has fully priced in six rate cuts.

What is the track record of the market's pricing?

🧵

[Investing.com @Investingcom]

🇺🇸U.S. ECONOMIC DATA THIS WEEK:

*CPI INFLATION (TUES.)
*PPI INFLATION (WED.)
*FED POLICY DECISION (WED.)
*RETAIL SALES (THURS.)
*JOBLESS CLAIMS (THURS.)
*NY FED MANUFACTURING INDEX (FRI.)
*INDUSTRIAL PRODUCTION (FRI.)
*SERVICES PMI (FRI.)
*MANUFACTURING PMI (FRI.)

https://t.co/m87TaGlCSX 👈

$DIA $SPY $QQQ $VIX 🇺🇸 🇺🇸

[Jim Bianco @biancoresearch]

1/8

The Fed has two problems.

1. Credibility
2. They tied themselves to a bad theory about inflation.

🧵

[Jim Bianco @biancoresearch]

1/4

The Bloomberg Aggregate Index inched about 0% YTD (blue line).

[Bravos Research @bravosresearch]

WARNING: Bank credit has officially entered contraction territory

After witnessing one of sharpest drops on record

Since 1974, this has only happened ONE time:

→ During the 2008 Financial Crisis

Back then, this indicaotr contracted to levels as low as -5%

At the current rate, a credit event is just a matter of time

[Jim Bianco @biancoresearch]

1/4

Update in where things stand

The correction since the July 31  peak is now 8.76%.The largest since the October 12, 2022 low.

[Evan @StockMKTNewz]

COUNTRY GARDEN IN FINAL HOURS TO AVOID FIRST DOLLAR BOND DEFAULT

The builder, which has become a symbol of China’s 🇨🇳 broader property debt crisis, missed the original deadline for the $15.4 million coupon on the note last month. The bond carries a so-called 30-day grace period that ends Oct. 17-18, before a default can be called

Source Bloomberg