US Labor Apr Nonfarm Payrolls +253K; Consensus +180K
US Apr Unemployment Rate 3.4%; Consensus 3.6%
US Apr Average Hourly Earnings +0.48%, or +$0.16 to $33.36; Over Year +4.45%
US Apr Private Sector Payrolls +230K and Government Payrolls +23K
Breaking🚨: Michael Burry just disclosed his newest trades
Chinese stocks are now his two largest holdings
He also spent $37M on the banks meaning he bought the dip 🏦
Total new buys: 19
Total new sells: 6
Burry Portfolio Update:
Citron Research has released a bullish report on $GEO:
"The Geo Group is poised to benefit from the current migration challenges, given its leadership in the Alternative to Detention sector"
Burry owns $4M worth & is up 7% on the news
More bullish news for the Burry $GEO bulls
Northern Securities has given $GEO an "outperform" rating with a price target of $14.00
That indicates a potential 60% increase from here
Citron research also recently released a bullish report on $GEO, citing the migrant crisis as a
Good Morning from Germany where disinflationary forces intensifying. German PPI #deflation deepened w/PPI down 14.7% YoY, the most since the start of the statistic in 1949. Even compared to the previous month, producer prices fell by 0.2%.
Real estate rentals finally peaked?
Median rent for all unit sizes is on the decline: Studio apartments down to $1,447 (-0.5%), 1-bedroom units at $1,630 (-0.3%), and 2-bedroom apartments at $1,934 (-0.7%) year-on-year.
In September, multifamily rents turned negative, with
🔸 U.S PPI (MOM) (NOV) ACTUAL: 0.0% VS -0.5% PREVIOUS; EST 0.0%
🔸 U.S PPI (YOY) (NOV) ACTUAL: 0.9% VS 1.3% PREVIOUS; EST 1.0%
🔸 U.S CORE PPI (MOM) (NOV) ACTUAL: 0.0% VS 0.0% PREVIOUS; EST 0.2%
🔸 U.S CORE PPI (YOY) (NOV) ACTUAL: 2.0% VS 2.4% PREVIOUS; EST 2.2%
🔸 Fed Officials See 3.2% Core Inflation at End of 2023, 2.4% at End of 2024, 2.2% at End of 2025, 2.0% at End of 2026
🔸 Fed Officials See 2.8% Inflation at End of 2023, 2.4% at End of 2024, 2.1% at End of 2025, 2.0% at End of 2026
🔸 Fed Officials See 3.8% Unemployment at End