CPI Just Got Revised Higher for October through December. The Revisions Take a Bite out of “Disinflation” Hoopla by Wolf Richter • Feb 10, 2023 • 205 Comments Released Friday afternoon, the annual revisions by the BLS went in the wrong direction.
EV Sales Spiked in California. Share Hit 17%. ICE Vehicle Sales Plunged. First Uptick in Electricity Sales after 13 Years of Decline by Wolf Richter • Feb 10, 2023 • 1 Comment Camry was dethroned as perennial #1 by Tesla Model Y & Model 3. And finally a little growth for electric utilities.
SNB Cuts Holdings of All its Top 50 US Stocks in Q4: Apple Chopped by 8% since Q2. MSFT, GOOG, AMZN, TSLA, XOM, All by Wolf Richter • Feb 9, 2023 • 47 Comments Here is the list of the Swiss National Bank’s top 50 US stock holdings, and how much of each it dumped.
Why the MBS Roll-off from Fed’s Balance Sheet Will Speed Up by Wolf Richter • Feb 8, 2023 • 146 Comments It was half the maximum pace. But rising home sales and, lo-and-behold, rising mortgage refis are about to change that.
US Trade Deficit 2022: Imports, Exports of Goods and Services, by Product Category and Country by Wolf Richter • Feb 8, 2023 • 141 Comments Ugliest-ever trade deficit. But US exports grew to $2 trillion, 10% was crude oil & petroleum products. Pharma & industrial machinery exports were #3 and #4.
Used-Vehicle Auction Prices Rise Again on Strong Retail Sales, after 2022 Plunge. Buyers’ Strike Over? “Core” Inflation at Risk by Wolf Richter • Feb 7, 2023 • 104 Comments These price increases “were not typical” for January: Manheim auction house.
After Spiking 92% Today, 350% in a Month, Bed Bath & Beyond Stock Collapses Afterhours on Share Offering That’ll Dilute the Bejesus out of the Meme-Stock Crowd by Wolf Richter • Feb 6, 2023 • 105 Comments Revenues collapsed. Bankruptcy filing hangs over it. This is a money-suck. But hey, it incinerated $11.6 billion on share buybacks.
Delayed Reaction? 2-Year & 10-Year Treasury Yields Jump, Mortgage Rates Spike 40 Basis Points in Two Days to 6.39% by Wolf Richter • Feb 6, 2023 • 101 Comments Last week sinks in, and WHOOSH go yields.
Cut the Price by 20% and They Will Come: Homebuilder Meritage Explains New Era after Sales Orders Collapse by 46% by Wolf Richter • Feb 5, 2023 • 154 Comments Cutting construction costs by “aggressively rebidding” projects, and “walking away” from land deals: executives in their own words.
Remember the Hullaballoo in December about “BLS ‘Overstated’ Jobs Growth by 1.1 million: Philadelphia Fed?” Oh Boy, Results Are In by Wolf Richter • Feb 4, 2023 • 84 Comments This is how the internet works. Someone comes up with a meme, and it takes on a life of its own. I’m going to have some fun with it.
