Global Markets Investor
@globalmktobserv
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ID: 1679591758332657665
https://globalmarketsinvestor.substack.com 13-07-2023 20:41:03
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⚠️THE S&P 500 AND THE NASDAQ JUST RECORDED THE WORST START TO SEPTEMBER IN 23 YEARS⚠️ US stocks were red for 4 consecutive days in a shortened week after plenty of job market data. NVIDIA IS DOWN BY 27% FROM ITS PEAK Is the AI hype coming to an end?👇 globalmarketsinvestor.xyz/p/breaking-nvi…
MAGNIFICENT 7 EARNINGS GROWTH PEAKED IN Q4 2023: Mag7 excl. NVIDIA profit grew by 3% year-over-year in Q2 2024, lowest expansion in a year. This is below 57% record seen in Q4 2023. It is expected to decline to 17% in Q3 2024. AI hype is behind us. 👇 globalmarketsinvestor.xyz/p/is-the-us-st…
USED CAR PRICES FALL AS IF THERE IS A CRISIS: Used car and truck prices fell by 10.1% Y/Y in June. This is in line with the +10% drop in the Great Financial Crisis of 2007-2009. Overall, US wholesale prices of used vehicles fell for 22 months straight. globalmarketsinvestor.xyz/p/s-and-p-500-…
THIS IS INSANE: US retail sales have been revised down in the last 7 out of 9 months Adjusted for inflation, retail sales have declined for 4 straight months and are down by ~3% from its April 2021 peak. The data is not as good as the headlines claim👇 globalmarketsinvestor.xyz/p/us-job-numbe…
“THE TIME HAS COME” for interest rate cuts in the US according to the Fed Chair Powell It would not be a surprise if we see a 0.50% reduction in Sept as Powell’s way of framing the comments about the labor market hinted at heightened urgency to act👇 globalmarketsinvestor.xyz/p/s-and-p-500-…
🔥CHART OF THE MONTH🔥 US credit card debt just hit a RECORD $1.14 trillion in Q2 2024! The total credit card balances skyrocketed by $400 billion or 50% since 2021 Meanwhile, the average credit card interest rate hit a new record in Q2 2024 of 22.76%👇 globalmarketsinvestor.xyz/p/chart-of-the…
US CONSUMERS STRUGGLE TO PAY OUT THEIR DEBT: Serious (90+ days) auto loan delinquency rate jumped to 2.9% in Q2 2024, the highest level since 2010. Serious auto loan delinquencies are now higher than in the 2001 recession and the 2020 COVID Crisis. 👇 globalmarketsinvestor.xyz/p/us-economy-i…
US 🚨HOUSEHOLD DEBT🚨 HIT A NEW RECORD US household debt jumped by $109 billion in Q2 2024 to an all-time high of $17.8 trillion. It has been driven by a $77 billion and $27B surge in mortgage and credit card debt This debt accounts for ~70% of US GDP👇 globalmarketsinvestor.xyz/p/chart-of-the…
NVIDIA’s CEO Jensen Huang sold a record $322.7 million worth of the chipmaker shares in July just before the rapid tech sell-off. He has sold a WHOPPING $500 million over the last 2 months. The chart below presents the timing of these transactions👇 globalmarketsinvestor.xyz/p/s-and-p-500-…
US GOVERNMENT SPENDS MONEY AS IF THERE IS A CRISIS: The deficit hit $1.5 trillion in the first 10 months of Fiscal 2024. This is larger than all years before the COVID Crisis including 2009 - last year of the Financial Crisis when deficit was $1.4T👇 globalmarketsinvestor.xyz/p/breaking-us-…
WHY GLOBAL CENTRAL BANKS ARE BUYING RECORD AMOUNTS OF GOLD? 1) No default risk (unlike bonds) 2) Performance during times of crisis - gold performs well unless there's a liquidity crash 3) Historical position 4) Long-term store of value/ inflation hedge👇 globalmarketsinvestor.xyz/p/us-technolog…
GLOBAL DEBT HIT A MASSIVE $315 TRILLION IN Q1 2024 It SKYROCKETED by $15 trillion in 12 months. As a % of world GDP, it is 333%. In other words, debt is more than 3 TIMES larger than the global economy. Since COVID, it has increased by $55 TRILLION 👇 globalmarketsinvestor.xyz/p/s-and-p-500-…
CHART OF THE WEEK: Gold demand jumped to near the highest level in 14 years in July Total gold demand has oscillated around 1,200-1,300 tonnes over the last 3 years. At the same time, gold prices have rallied by 42% beating the S&P 500 gain of 24% 👇 globalmarketsinvestor.xyz/p/chart-of-the…
FURTHER RATE HIKES IN JAPAN ARE STILL ON THE TABLE Core inflation rate (excluding fresh food) in Japan has been above the Bank of Japan’s 2% target for 28 MONTHS and in July came at a 2.7% year-over-year increase. Carry trade risk has not disappeared.👇 globalmarketsinvestor.xyz/p/s-and-p-500-…