WHOOSH, Go Stocks, Make Mess. Amazon Leads. Biggest Stocks Fall Apart. Crappy April. Terrible First 4 Months. ARKK now -70% by Wolf Richter • Apr 29, 2022 • 392 Comments But the mayhem started beneath the surface in Feb 2021.
Consumer Spending Shifts from Goods to Services, Inflation Crushes Incomes, But “Real” Spending Hits Record by Wolf Richter • Apr 29, 2022 • 84 Comments There is still a huge amount of money floating around out there.
Afterhours Massacre as Amazon Plunges, Apple, Intel, Tesla, even Meta Dive by Wolf Richter • Apr 28, 2022 • 258 Comments Meta? Didn’t it just spike? Friday is going to be interesting.
GDP Sunk by Trade Deficit Shitshow (Result of Globalization), Drop in Government Spending. Consumers Held up Despite Raging Inflation by Wolf Richter • Apr 28, 2022 • 173 Comments Inventories are slowly recovering, but remain below where they should be.
Thank You for Your Generous Support of WOLF STREET!! And if You Were Out Last Sunday, a Reminder: Please Donate by Wolf Richter • Apr 28, 2022 • 22 Comments Your support is very special and tells me that what I’m doing here in my little corner matters to you. Thank you!
Mortgage Volume Gets Crushed by Spiking Interest Rates: What it Means for Future Home Sales and Consumer Spending by Wolf Richter • Apr 27, 2022 • 350 Comments The boom is over. And there are broader effects.
The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in Mortgage Rates by Wolf Richter • Apr 26, 2022 • 148 Comments At the time rate locks were issued for those deals, mortgage rates were still around 3.2%.
Sales of New Houses Sag, Inventory Piles Up to Highest since 2008, as Mortgage Rates Spike. Homebuilder Costs Explode amid Shortages of All Kinds by Wolf Richter • Apr 26, 2022 • 141 Comments Builders have abandoned the market below $300,000.
Deep-Junk-Rated Carvana Gets $4.5 Billion from New Investors, after Shares Collapsed by 79%, Hoping the World Hasn’t Run out of Greater Fools Yet by Wolf Richter • Apr 25, 2022 • 88 Comments The cash-burn machine needs new fuel.
Stock Markets in China & Honk Kong Dive, Yuan Slides, Crude Oil Drops on Confidence Crisis in China by Wolf Richter • Apr 25, 2022 • 124 Comments The Shanghai Composite and Hang Seng fall to where they’d first been in 2007 during the run-up of the bubble.
