The Bear-Market Rally in Stocks, Bonds, Mortgages Wiped Out: Why This Nails the Parallel to the Dotcom Bust by Wolf Richter • Sep 25, 2022 • 336 Comments But this time, there’s over 8% inflation.
The Day Wall Street’s Narrative of “Inflation is Over” Fell Apart: A Sea of Red by Wolf Richter • Sep 13, 2022 • 221 Comments But for yield investors: Short-term Treasury yields near 4%. Six-month CD yields at 3.5%, if you shop around.
Mortgage Lender Woes by Wolf Richter • Sep 7, 2022 • 114 Comments Mortgage volume collapsed. And the stocks of the biggest mortgage lenders collapsed after IPO or SPAC merger.
The Holy-Moly 6.25% Mortgage is Back, Treasury Yields Spike, Summer Bear-Market Rally Unwinds by Wolf Richter • Sep 6, 2022 • 204 Comments In terms of diversification between stocks and bonds, there is none. Not anymore. They even nailed the bear market rally in lockstep.
EV SPAC Faraday Future Breaks the Buck, 14 Months after Going Public. Consensual Hallucination Was so Bad it Was Funny by Wolf Richter • Sep 6, 2022 • 98 Comments Never a boring day in the SPAC & IPO hype-and-hoopla clown show.
Formerly Sacred Now Rotting Silicon Valley Dictum of “Growth at All Costs” Crushes Okta: Shares Collapse 80% from Peak by Wolf Richter • Sep 1, 2022 • 101 Comments Huge losses, but now revenue growth is slowing. Hilariously, executives refer to the huge losses as “profitability.”
Sales of New Houses Collapse (in the West by 50%!) Inventories & Supply Spike to High Heaven, Worst since Peak of Housing Bust 1 by Wolf Richter • Aug 23, 2022 • 223 Comments Forget “housing shortage.” It’s about crazy prices: For sales to revive at these mortgage rates, prices have to come down a lot, and they’re starting to.
Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments by Wolf Richter • Aug 22, 2022 • 118 Comments Meme-stock crowd got crushed, shares collapsed 69% in 4 days. Billionaire hedge-fund hero, who might have known about unpaid bills, got out in time.
Another Collapsed SPAC, Lottery.com, Discloses WTF Horror List and Says it Will Liquidate Unless Miracle Happens by Wolf Richter • Aug 16, 2022 • 124 Comments The years 2020 and 2021 will go down as the greatest era ever of consensual hallucination and financial gangsterism.
Compass Prepares for 25% Downturn in Housing Market, Plans Serious Cost Cutting, Pukes All Over the Place by Wolf Richter • Aug 15, 2022 • 117 Comments Because suddenly the SoftBank-backed company, which blew $1.73 billion since 2017, is running out of runway.
