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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: August 2022
Wild abandon bounces back
As risk markets have rebounded over the past month, FOMO has resumed with retail flows moving back to the sketchiest and over-valued securities and shorts being forced to buy back positions. The basket of most-shorted stocks tracked by Goldman Sachs … Continue reading
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Grantham: bear market update
As stocks rebound on disinflation data and hope for less central bank tightening, the tech-heavy Nasdaq is +21% from its June low but remains -18% from its November high. Meanwhile, commodity speculators are back to bidding up prices even as … Continue reading
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Tracking grizzly bears
This morning (so far), stocks and bonds are rebounding on relief that US CPI in July eased to 8.5% (consensus forecast was 8.7%) from 9.1% in June, suggesting that the US Fed may hike less than 75 bps in September. … Continue reading
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