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.
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.
Sign of Tight Labor Market, Strength of Ecommerce: Amazon to Hire 250,000 for Holidays, up from 150,000 Last Year, Boost Wages, Offer Sign-on Bonuses by Wolf Richter • Sep 20, 2023 • 48 Comments While fewer and fewer Americans head to the malls.
Investment-Grade Corporate Giants Suddenly Sell Huge Amounts of Debt to Front-Run even Higher Long-Term Yields by Wolf Richter • Sep 11, 2023 • 175 Comments Further pressuring long-term Treasury yields, amid fears of bad inflation “surprises.” Share buybacks a lot more expensive, but no problem either.
Mortgage-Rate Buydowns by Homebuilders Are Now All the Rage to Prop Up Sales, Lowering Effective House Prices in a Big Way, but Don’t Get Picked Up by House Price Data by Wolf Richter • Sep 10, 2023 • 279 Comments Appraisers have not yet caught on to it either.
“Unrealized Losses” on Securities Held by Banks, Oh Dearie, the Whole Schmear: +8%, to $558 Billion by Wolf Richter • Sep 8, 2023 • 257 Comments How do you lose 47% on 30-year Treasuries? Buy at auction in Aug 2020. Or carry them at purchase price and hide the “unrealized loss” in the footnotes.
After some Wavering, Corporate Bond Market Adjusts to Tightest Monetary Policies in Decades and Returns to La-La-Land by Wolf Richter • Aug 30, 2023 • 67 Comments Record QT and big Rate Hikes no problem: Corporate Bond Market Distress Index drops to lowest level since before the Fed started tightening.
AMC Wipes Out its Meme Stock Groupies, Shares Plunge to New All-Time Low by Wolf Richter • Aug 28, 2023 • 89 Comments It’s hard to manipulate up a stock via even the best meme-stock tactics when a company sells hundreds of millions more shares into every rally.
EV Maker VinFast’s Market Cap Spikes to $159 Billion on 9th Day of Trading. This Stuff Would Be Hilarious if it Weren’t so Serious by Wolf Richter • Aug 25, 2023 • 121 Comments As an extra special for VinFast, I’m keeping a beautiful slot open in my increasingly packed pantheon of Imploded Stocks.
Peloton Pukes, Stock Sallies to New Record Low, -97% from Peak by Wolf Richter • Aug 23, 2023 • 138 Comments Consensual Hallucination was so much fun while it lasted.
