ADP Employment Report: +41,000, Mostly at Medium-Size Companies. Small Companies Had First Payroll Gain in 5 Months by Wolf Richter • Jan 7, 2026 • 22 Comments Private-sector job growth slowed to a crawl in the second half.
Ugly Charts of US Auto Sales, 2025: Stellantis, Nissan Flirt with Catastrophe. GM, Ford, Honda Sales Rise but far below Peaks. Toyota & Hyundai-Kia Set Records by Wolf Richter • Jan 6, 2026 • 135 Comments New-vehicle sales in 2025 rise barely above 1986: Four decades of structural stagnation, plunges, and partial recoveries.
Bank of Japan’s QT Cuts $502 billion from Balance Sheet. JGB Yields Surge as BOJ Steps away from Bond Market by Wolf Richter • Jan 6, 2026 • 22 Comments Japanese Government Bond 10-year yield rose to 20-year high of 2.13%, 30-year yield hit 3.50%.
Fed’s Standing Repo Facility (SRF) Drops to Zero, from $75 billion on the Last Balance Sheet as Yearend Liquidity Turmoil Dissolves by Wolf Richter • Jan 5, 2026 • 26 Comments The Fed’s weekly balance sheet on Thursday will show a substantial drop in total assets.
“Locked-in” Homeowners Nevertheless Pay Off Below-4% Mortgages: their Share Drops to Lowest since Q4 2020 by Wolf Richter • Jan 3, 2026 • 109 Comments Slowly unwinding a phenomenon that wrecked the housing market.
Year-End Liquidity Turmoil on Fed’s Balance Sheet. Plus $38 Billion in T-bills Replace $15 Billion in MBS, Add $23 Billion in RMPs by Wolf Richter • Jan 2, 2026 • 35 Comments Standing Repo Facility spiked to $75 billion for a day, then fell back; ON RRPs spiked to $106 billion, then fell back.
Tesla’s Deliveries Plunge, Worst Q4 since 2022. Annual Sales Drop for 2nd Year. Cybertruck now a Failed Model by Wolf Richter • Jan 2, 2026 • 121 Comments But Model Y was #1 US bestseller through Q3 before EV incentives ended. And Tesla’s hype machine works: TSLA trades at a P/E ratio of 300, other automakers at 10 to 20.
Long View of the S&P 500 & Stock Markets of Canada, Japan, China, Hong Kong, India, UK, France, Germany, Italy, Spain by Wolf Richter • Dec 31, 2025 • 70 Comments American hot money piling into some foreign markets produced gigantic gains in 2025 (Spain +49%).
Asking Rents in 33 Bigger Cities: Where they Spike, Rise more Slowly, or Fall. US Rents for Single-Family Homes Surge, Pull Further away from Multifamily by Wolf Richter • Dec 30, 2025 • 53 Comments Rents spiked in San Francisco, Chicago, NY City, Rochester, Kansas City… rose more slowly in others… fell in Austin, Denver, San Antonio, Phoenix…
IPO Bloodletting after “Pop” in 2025: Venture Global, CoreWeave, Figma, Klarna, Bullish, Circle Internet, Navan, Firefly, Fermi… by Wolf Richter • Dec 29, 2025 • 51 Comments Of the largest 20 IPOs, 14 trade below their IPO price; only 6 trade above it. Many plunged from their post-IPO pop.
