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When FOMO Becomes POMO Panic Of Missing Out Signals Most Market Tops China In Its 4th Year Of Trying To Manage Market Meltdown “Mexico, for the first time in two decades, has surpassed China as the leading source of goods imported into the US. And for the full year 2023, 475 billion from Mexico—that’s up 5%, […]
[CNBC] Stocks fall after hotter-than-expected U.S. inflation data: Live updates [CNBC] 10-year Treasury yield shoots higher as January CPI is hotter than expected [Yahoo/Bloomberg] Oil Gains as IEA Sees Consumption Boost, OPEC Prepares Outlook [CNBC] Consumer prices rose 0.3% in January, more than expected, as the annual rate moved to 3.1% [Reuters] Labor worries, costs […]
People who are on speaking terms with logic have a hard time understanding the attraction of communism. Taking things from people who have worked hard for them and giving them to people who have not worked for them is astonishingly destructive. It sounds good only to those who have not worked for them. The problem […]
[Reuters] Stocks muted as caution looms ahead of data-packed week [Yahoo/Bloomberg] Oil Falls After Weekly Gain as Iran Signals Gaza Talks Progress [AP] Yemen’s Houthi rebels suspected of missile attack targeting a ship in the Bab el-Mandeb Strait [Reuters] Yemen’s Houthis target cargo ship in Red Sea [Yahoo/Bloomberg] Six Years After Volmageddon, Volatility Fears Resurface […]
[Yahoo/Bloomberg] These Six Charts Explain How the CRE Debt Crisis Spread to Banks [Reuters] Jeff Bezos sells roughly $2 billion of Amazon shares [AP] American allies worry the US is growing less dependable, whether Trump or Biden wins [Yahoo/Bloomberg] ECB’s March Projections Key for Rate Path, De Cos Says [AP] Iran marks the 45th anniversary […]
[Reuters] Wall St Week Ahead: Market breadth suggests narrowing rally as S&P 500 hits records [CNBC] The most expensive home for sale in the U.S. goes up for $295 million in Naples, Florida [Yahoo/Bloomberg] Pemex Debt Rating Lowered at Moody’s on Government Reliance [WSJ] New York Community Bancorp Went From a Crisis Winner to Banking’s […]
FOMO, POMO, and the Fleeting Sigh of Relief This week the S&P 500 notched another record weekly close. It even managed to breach and hold above the psychologically significant 5,000 level for the first time in history. Make no mistake, after an epic 15-week 22% rally into blue-sky record territory, the stock market’s partying like […]
A few headlines: WSJ: “Deflation Tightens Grip on China’s Economy.” FT: “China’s Prices Fall at Fastest Rate in 15 years as Economy Battles Deflation.” NYT: “China Deflation Alarms Raised by Falling Prices for Food and Cars.” February 7 – Bloomberg: “China’s consumer prices fell last month at the fastest pace since the global financial crisis, […]
