Stock Market Contents Archive

Senate Banking Committee today... Q: "Do you believe that the $1.9 trillion spending package last year had any effect on inflation?" J. Powell: "It's really not our job to pass judgment."

President Biden must watch David's documentary.. Things have changed. But the president won't speak to them. it is beleaguring

Final paragraph of today’s @bopiniom column on the #Fed by Bill Dudley, former president of the @NewYorkFed. He argues that US “recession is inevitable within the next 12 to 18 months.” I’m not there yet in terms of inevitability though I do worry about the growing recession risk https://t.co/bdf8y5IAlK

It’s less and less affordable for most Americans to buy a car, as per ⁦@SoberLook⁩ https://t.co/qRy3qeHEvN

$REV Revlon shares are up 280% this week after the company filed for bankruptcy 🧐 https://t.co/vQZiFdie7c

US High Yield credit spreads have increased to 517 bps, their widest levels since Nov 2020. But compared to other major stock market corrections, this is the lowest spread we've seen, and still below the historical average of 543 bps. (note: spread data goes back to Dec 1996) https://t.co/ZaoJvSxALD

My advice: invest! https://t.co/hDk1zRdlVj

A NYC resident needs to earn at least $110,000 to afford the median asking rent of $2,750 for available apartments, meaning putting no more than 30% of one’s gross income toward housing. Roughly 23% of full-time NYC workers had 6-figure salaries as of 2020 https://t.co/R0hVO0oQM8

More volatility today in US government bond yields with moves of 13-16 bps at the front end and 10 bps at the long end (first @markets figure). Amplifies what already has been a roller coaster month (second). All this for what's known as the world's deepest and most liquid market https://t.co/mkpvZe0BMN

Recessions happen when 10 million people are looking for jobs. Not 10 million jobs available. But these are complicated times where excess needs to be wrung out. It’s a process

Well, I suppose his job changed since last February... https://t.co/sCOPdrLVNt

A new research paper from a Fed economist found slightly more than a 50% chance of a recession over the next four quarters and a two-thirds probability of a downturn over the next two years. https://t.co/vEPBgP2IFQ

Sell rules are more important than buy rules

Canadian CPI saw the strongest print since at least 1992. Read more in tonight's Closer: https://t.co/lOzBoO40Er https://t.co/1qbHKnoyp2

Hold the vision, trust the process.