WeWork Finally Files for Bankruptcy two Years after Going Public via SPAC. Office Landlords, CMBS Holders Face the Music, Stockholders Wiped Out by Wolf Richter • Nov 7, 2023 • 94 Comments Spent its entire life burning $13.8 billion of investor cash. Landlords got free manna from heaven and can’t complain. A good scheme while it lasted for everyone but investors.
Fed’s QE Giveth, Fed’s QT Taketh Away: Russell 2000 Hits 3-Year Low, Nasdaq Back to Dec 2020, S&P 500 Back to Apr 2021 by Wolf Richter • Oct 28, 2023 • 241 Comments Since QT started, stocks have been on their own, after having been babied by the Fed since 2008. And it’s not working out.
Prices of New Houses -15% from Peak on High Inventories. Sales Held Up with Lower Prices & Massive Mortgage-Rate Buydowns by Wolf Richter • Oct 25, 2023 • 153 Comments What homebuilder PulteGroup said about mortgage-rate buydowns. Homebuilders have figured out this market, homeowners have not.
Alphabet Shows the Mega-Layoff Announcements Were Just That, Headcount Dropped Far Less and is Rising Again by Wolf Richter • Oct 25, 2023 • 52 Comments But the layoff announcements across tech and social media were effective in re-explaining to workers who the boss is.
Teladoc’s Investors Came out of Consensual Hallucination and Smelled the Bad Breath? by Wolf Richter • Oct 24, 2023 • 65 Comments Down 94% from the infamous February 2021. These kinds of goofball charts are stunning — and now totally common.
EV SPAC VinFast Collapses 92% in 31 Trading Days, $213 Billion in Fake Market Cap Evaporated in Hilarious Manner by Wolf Richter • Oct 10, 2023 • 135 Comments Obviously, this kind of idiocy should never happen in a healthy stock market. But it has happened a lot.
My Take on What QT Has Done to Stocks, Bonds, Commercial Real Estate (Lots of Bloodletting) & What it’ll Do Going Forward by Wolf Richter • Oct 7, 2023 • 215 Comments Fundamentals boiled down to QE or QT since 2009. Now there’s lots of QT, globally, to battle the worst inflation in decades.
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.
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.
