There will be a leadership election within a week, UK Prime Minister Liz Truss says in resignation statement https://t.co/WdW4QypDkd
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What's depressing about this is that in reality rural America is heavily subsidized by urban America 1/https://t.co/SNKAKJu7KX
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2 years ago: 30-yr mortgage rate was 2.81% & average new home price in the US was $395k. Today: 30-yr mortgage rate is 6.94% & average new home price is $522k. Result: $25k increase in down payment (assuming 20% down) & 112% increase in monthly payment (from $1,300 to $2,761).
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You can see this by looking at states' federal balance of payments — what they receive versus what they pay. Huge inflows to the most rural states 2/ https://t.co/o1Gvy3FZJp
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The 30-year mortgage rate in the US has moved up to 6.94%, its highest level since 2002. In early 2021 it hit an all-time low of 2.65%. https://t.co/bRs3G4x8bn
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UK Sad Sideshow. How can they dismantle all that they have in such a short period?.
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This is kind of interesting. in the 07-09 bear market we had plenty of times with bull/bear ratio positive. We have had exactly ONE week with a positive ratio since 2022 started. https://t.co/nNYXDgQbT1
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The most interesting aspect about the IMMEDIATE reaction of #UK #markets to PM @trussliz's resignation: The lack of any major reaction. Several reasons for this, few of which should be extrapolated. I suspect that it's only a matter of time until #markets look to what is next.
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But of course if you point that out rural voters will just see that as another example of elite disdain. It's really a no-win situation 3/
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The Turkish Lira has lost over 90% of its value against the US Dollar over the last 10 years. And its central bank just cut interest rates again, down to 10.5% while its inflation rate is at a 24-year high of 83.5%. Charting via @ycharts https://t.co/TXjrDQgRBV
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Getting ridiculous, 2 year back to 4.5 so S&P rallies ever so slightly
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Volume is tracking VERY low on many growth stocks. very little power in this up day so far
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When life interrupts ur normal natural routine, u are not as present as u think u are. In these moments, as traders, we have to step back and respect the fact that we can’t respond to the demands of the market as effectively.
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