Yields Spike, Stocks Dump, Futures Fall, Asia Sags, after Powell Explains How the Fed Will Crack Down on Inflation by Wolf Richter • Jan 26, 2022 • 257 Comments The balance sheet is “substantially larger than it needs to be,” and “there is a substantial amount of shrinkage to be done.” We’ll put some numbers to it.
Construction Costs Spike 17.5%, Worst since at least 1965. Inventories of New Houses Pile Up, Highest since 2008. Median Price Dives as Mix Shifts by Wolf Richter • Jan 26, 2022 • 126 Comments The rise of the unfinished houses. Massive supply building up in the pipeline.
The Most Splendid Housing Bubbles in America, January Update: Starting to Look Like a Mixed Bag by Wolf Richter • Jan 25, 2022 • 270 Comments Raging mania in Phoenix, stalling prices in Boston & Washington DC, dropping condo prices in San Francisco.
Stocks Better Bounce Soon or Else I’ll Have to Revise the WOLF STREET Dictum, “Nothing Goes to Heck in a Straight Line” by Wolf Richter • Jan 24, 2022 • 316 Comments Even a dead-cat bounce that makes your ears ring would do.
Despite All the Hype, Movie Theater Ticket Sales in 2021 Down 68% from 19 Years Ago. AMC Shares Collapse from WTF Spike by Wolf Richter • Jan 24, 2022 • 88 Comments Blockbusterization out of desperation.
The Mayhem Below the Surface of the Stock Market Seeps to the Surface: Now it’s the Giants that Topple by Wolf Richter • Jan 21, 2022 • 452 Comments The market finally gets it: The Fed is going to tighten to get a handle on its massive inflation problem.
New & Used Vehicle Inventories Rise, But for the Wrong Reasons by Wolf Richter • Jan 21, 2022 • 126 Comments New vehicle sales out-plunged production. Used vehicle supply already above normal amid weak sales.
Big Drop in Home Sales, Surging Mortgage Rates, Tight Supply: The New Dynamics Shaping Up by Wolf Richter • Jan 20, 2022 • 216 Comments But wait… Supply suddenly burst from the woodwork when mortgage rates surged before the Housing Bust. And for a reason.
Most Splendid Housing Bubbles in Canada: Mad Scramble to Lock in Rising Mortgage Rates as Bank of Canada Is Set to Tighten by Wolf Richter • Jan 19, 2022 • 149 Comments QE ended months ago and interest rates are rising. Home prices fell in three markets, but spiked in others.
Russell 2000 Drops Below Year Ago Level. Collapse of IPOs, SPACs, Housing “Tech” Stocks, ARKK, etc. Progresses by Wolf Richter • Jan 18, 2022 • 203 Comments The most-hyped stocks are collapsing, some by 90%, such as EV SPACs, as the sordid underbelly of the stock market comes systematically unglued.
