Dear Readers, Please Donate to Support WOLF STREET: Spring Reminder by Wolf Richter • Apr 24, 2022 • 65 Comments I love what I’m doing, and your donations are hugely important.
Now Alphabet Breaks, Microsoft too, Meta Already in Free-Fall: One by one, the Giant Stocks that Held Up the Market Let Go by Wolf Richter • Apr 22, 2022 • 269 Comments Ugly Day. But I’m more and more amazed how Microsoft’s CEO picked the very peak to dump half his shares last November.
Tightening Comes Even to Ridiculous ECB Sooner, Faster as Seven EU Countries Hit by 10%-16% Inflation, Four by over 9% by Wolf Richter • Apr 22, 2022 • 133 Comments The ECB created the greatest corporate bond bubble ever. Now junk bonds get crushed, yields already doubled, set to double again, and again, cleansing out the zombies.
Peak Balance Sheet: Fed’s Assets Dip to Level of 5 Weeks Ago. End of QE, End of an Era by Wolf Richter • Apr 21, 2022 • 249 Comments Markets already started to kiss that easy money goodbye.
The Most Splendid Housing Bubbles in Canada, April Update, as Yields Spike & Bank of Canada Hikes by Wolf Richter • Apr 21, 2022 • 78 Comments But wait… Many home buyers had mortgage rates that were guaranteed when rates were much lower.
I Now Have to Add Netflix to my “Imploded Stocks” by Wolf Richter • Apr 20, 2022 • 219 Comments Shares collapsed by 68% since November. $205 billion evaporated. FANGMA without the N.
As Mortgage Rates Begin to Bite, Home Sales Fall to Lowest since June 2020, Supply Rises for Second Month by Wolf Richter • Apr 20, 2022 • 108 Comments But wait… Haven’t seen anything yet. Impact of today’s holy-moly mortgage rates won’t show up in the sales data for a couple of months. Here’s why.
Treasury Bond Massacre, Mortgage Rates Hit 5.35%, Highest since 2009, and it’s Only April by Wolf Richter • Apr 19, 2022 • 157 Comments But future bond buyers get the higher yields.
A “Housing Shortage” amid a Building Boom that Outruns Household Growth? by Wolf Richter • Apr 19, 2022 • 194 Comments Something Has to Give.
The 2021 Creatures of Goldman Sachs: its IPOs, SPACs, Direct Listings Are Imploding after Bonuses Spiked to a Record by Wolf Richter • Apr 18, 2022 • 110 Comments They sure made hay while the sun was shining.
