Owning the average home in 2024 now requires an income of $106,000, according to Zillow.
Just 4 years ago, you needed just $59,000 in income to afford the average home.
That's a $47,000, or 80%, increase in income from 2020 while wages are up just 23% over that time.
Currently, the median HOUSEHOLD income in the US is ~$75,000.
In other words, the median household income used to be 27% ABOVE the income needed to afford a home
Now, the median household income is 41% BELOW the income needed to aff...
Just 4 years ago, you needed just $59,000 in income to afford the average home.
That's a $47,000, or 80%, increase in income from 2020 while wages are up just 23% over that time.
Currently, the median HOUSEHOLD income in the US is ~$75,000.
In other words, the median household income used to be 27% ABOVE the income needed to afford a home
Now, the median household income is 41% BELOW the income needed to aff...
Today’s ISM showed that a grand total of 11% of industries (2 out of 18) posted any growth in October, the same depressed share as in the spring of 2020 and the fall of 2008. But there’s no recession, right?
$S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
$S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
1
Next FOMC rate hike probabilities:
No hike → 99.1%
25 bps cut → 0.9%
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
No hike → 99.1%
25 bps cut → 0.9%
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
$SPDR S&P 500 ETF (SPY.US)$ ~ Market Breadth in late 2023 drops to lowest level since October 2022. Less than 30% of S&P 500 companies are currently trading above their 200 Day moving averages. $Invesco QQQ Trust (QQQ.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS.US)$
2
Market is beginning to realize that these deficits are unsustainable and Biden admin has no plan to change course; no one wants to be holding the bomb when it goes off...
Treasuries:
30-year: 5.102%
20-year: 5.334%
10-year: 4.988%
2-year: 5.171%
3-month: 5.487%
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
Treasuries:
30-year: 5.102%
20-year: 5.334%
10-year: 4.988%
2-year: 5.171%
3-month: 5.487%
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
1
US CPI INFLATION Y/Y OVER THE LAST 12 MONTHS:
*SEPT. 2022 +8.2%
*OCT. +7.7%
*NOV. +7.1%
*DEC. +6.5%
*JAN. 2023 +6.4%
*FEB. +6.0%
*MARCH +5.0%
*APRIL +4.9%
*MAY +4.0%
*JUNE +3.0%
*JULY +3.2%
*AUG. +3.7%
*SEPT. +3.6% $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
*SEPT. 2022 +8.2%
*OCT. +7.7%
*NOV. +7.1%
*DEC. +6.5%
*JAN. 2023 +6.4%
*FEB. +6.0%
*MARCH +5.0%
*APRIL +4.9%
*MAY +4.0%
*JUNE +3.0%
*JULY +3.2%
*AUG. +3.7%
*SEPT. +3.6% $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
2
DEUTSCHE BANK WARNS 1970'S-STYLE STAGFLATION MAY BE AT RISK OF REPEATING ITSELF
DO YOU AGREE OR DISAGREE?
$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
DO YOU AGREE OR DISAGREE?
$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
*FOMC MEMBER BARR (MON. 8:00AM)
*FOMC MEMBER LOGAN (MON. 9:00AM)
*FOMC MEMBER JEFFERSON (MON. 12:50PM)
*FOMC MEMBER WALLER (TUES. 1:00PM)
*FOMC MEMBER KASHKARI (TUES. 3:00PM)
*FOMC MEMBER WALLER (WED. 10:15AM)
*FOMC MEMBER HARKER (FRI. 9:00AM) $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
*FOMC MEMBER LOGAN (MON. 9:00AM)
*FOMC MEMBER JEFFERSON (MON. 12:50PM)
*FOMC MEMBER WALLER (TUES. 1:00PM)
*FOMC MEMBER KASHKARI (TUES. 3:00PM)
*FOMC MEMBER WALLER (WED. 10:15AM)
*FOMC MEMBER HARKER (FRI. 9:00AM) $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
Chess moves are being played by the big guys.
$Amazon (AMZN.US)$ will invest up to $4B in Anthropic. At first, a $1.25B for a minority stake.
- AWS will be Anthropic's "primary" cloud provider
- Anthropic will have access to significant quantities of $AMZN's Trainium chips.
- AWS gets early access to Anthropic new models and full integration with AWS Bedrock.
Seems like the $400M that $GOOGL invested early this year in Antrophic wasn't enough "to b...
$Amazon (AMZN.US)$ will invest up to $4B in Anthropic. At first, a $1.25B for a minority stake.
- AWS will be Anthropic's "primary" cloud provider
- Anthropic will have access to significant quantities of $AMZN's Trainium chips.
- AWS gets early access to Anthropic new models and full integration with AWS Bedrock.
Seems like the $400M that $GOOGL invested early this year in Antrophic wasn't enough "to b...
4
GDPNow model from @AtlantaFed (a "nowcast," not a "forecast") down to +4.9% (q/q ann.) ... consumption's contribution to overall rate dropped to +2.4%; inventories contributing +1.2%
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
1