Investors chopped $566 billion from the collective market value of Alphabet, Amazon, Apple, Meta, and Microsoft last week as interest rates and rising costs foreshadowed slowing growth and weaker performances.
Tag: U.S. economy
ECONOMIC UPDATE – MARKET OVERVIEW
There was no October surprise on the equity market front, in fact, quite the opposite.
SPOTLIGHT: WORLD ENERGY MARKETS IN FLUX
A looming shortage of liquefied natural gas (LNG) worldwide and a reduction in output by OPEC+ have thrust the world into "the first truly global energy crisis", Fatih Birol, executive director of the International Energy Agency (IEA) said in a 25 October speech during the Singapore International Energy Week.
MORTGAGE APPLICATIONS, HOME SALES TANK AS MORTGAGE RATES EDGE UP
During the week ending 14 October, the number of applications for home mortgages fell 38 percent from the same week a year earlier to their lowest since 1997, the Mortgage Bankers Association said.
SPECIAL REPORT: GOVERNMENT OFFICIALS GET RICHER ON THE JOB WHILE ETHICS OFFICES SIT AND WATCH
Government officials working on measures to stem the COVID infestation made well-timed, highly profitable financial trades as markets fell as the COVID War began and again later as markets rallied, according to a Wall Street Journal investigation.
RETAIL INVESTORS HOLD CASH WHILE WAITING OUT MARKET CHAOS
After exiting equity markets during this year’s chaotic stock sell-off, individual investors transferred $155 billion into money market funds so far this year to take advantage of rising interest rates while stock markets settle down, the Financial Times reported.
63 PERCENT OF AMERICANS ARE LIVING PAYCHECK TO PAYCHECK, INCLUDING SIX-FIGURE EARNERS
A LendingClub report found that 63 percent of Americans are living paycheck to paycheck, which is nearing its all-time high that was reached in March.
MARKETS BETTING FED WILL RAISE RATE TO 5 PERCENT NEXT YEAR. WE DISAGREE
Speculators in the interest rate futures market are pricing in a belief that the U.S. Federal Reserve will raise its key interest rate to 5 percent by next May as inflation proves stubbornly hard to slow, the Financial Times reported.
ECONOMIC UPDATE – MARKET OVERVIEW
As we have long reported, and as the facts and data prove, from the Fed Banksters, to arrogant “government officials” to low-life “lawmakers” (i.e. political pieces of crap), the equity markets are a rigged game that the “insiders” get rich playing.
U.S. GOVERNMENT’S INTEREST COST SOARS TO $580 BILLION THIS YEAR
The U.S. government has borrowed hundreds of billions of dollars since 2019 to fund health care and an array of stimulus and rescue programs during the COVID War.