THE WOLF STREET REPORT: Stocks, Bonds & CRE Face QT by Wolf Richter • Oct 1, 2023 • 140 Comments Fundamentals for markets have boiled down to QE or QT since 2009. Now there’s QT, a lot of QT, globally, to battle the worst inflation in decades.
Our Drunken Sailors Got Revised and Updated, but They’re Still Partying by Wolf Richter • Sep 29, 2023 • 92 Comments Income from all sources minus government transfer payments outruns inflation again.
PCE Inflation Index Revised Higher Going Back 2 Years. “Core Services” PCE Price Index Was Much Hotter by Wolf Richter • Sep 29, 2023 • 52 Comments Fed’s favored inflation measures get a big upward revision going back across this bout of inflation.
Another Recession Indicator Refuses to See a Recession: Corporate Profits without Federal Reserve Banks Hit Record by Wolf Richter • Sep 28, 2023 • 136 Comments Massively inflated during the pandemic, corporate profits are still not normalizing, and bode well for future investments and economic growth.
S&P 500 Equal Weight Index Dips into Red Year-to-Date. Shows Entire Market Depends on 8 Giants, but They’re Swooning Too by Wolf Richter • Sep 27, 2023 • 135 Comments QE giveth, QT taketh away. The two sucker rallies this year of the S&P 500 Equal Weight Index got wiped out.
The Most Splendid Housing Bubbles in America, September Update: Spring Bounce Fades. 20-City Index -0.6% from Peak in 2022, Flat Year-over-Year by Wolf Richter • Sep 26, 2023 • 153 Comments San Francisco -11% from peak, Seattle -10%, followed by Las Vegas, Phoenix, Portland, Denver, Dallas, San Diego, Los Angeles, Tampa.
Prices of New Houses Drop, Sales Drop, Supply Jumps by Wolf Richter • Sep 26, 2023 • 109 Comments Cut the price, and they will not come? Homebuilders, in a tough market, compete with homeowners who are still delusional.
It’s the Smart Money that Took a 77% Loss on Instacart, Not Retail Investors by Wolf Richter • Sep 25, 2023 • 115 Comments Instacart enters my pantheon of Imploded Stocks.
My “Wealth Disparity Monitor” of the Fed’s Money Printer Era, September 2023: Now There’s Inflation, QT, and Rate Hikes by Wolf Richter • Sep 24, 2023 • 216 Comments It’s just not the same anymore with QT and rate hikes. Household balance sheets by wealth category.
QE Giveth, QT Taketh Away: German Home Prices vs. ECB Balance Sheet by Wolf Richter • Sep 22, 2023 • 143 Comments The QT show started less than a year ago. German home prices -11%, ECB assets -19%.
