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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: September 20, 2023
Desperation spreads from China property crisis
Real estate and related industries have driven an outsized 25 percent of China’s gross domestic product over the last decade-plus and some 40% of global commodity demand. Now add-debt-and-stir is following the time-worn playbook with imploding prices and participants. This … Continue reading
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Falling incomes and forced home sales
Lucid insights on macro conditions and the housing cycle in this segment. Homeowners in America have run out of money in 2023, which could spark a wave of panic selling that will cause inventory to surge. Here is a direct … Continue reading
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