The Swiss National Bank Began Unloading its Biggest US Stock Holdings, incl. Apple, Microsoft, Amazon, Alphabet, Meta by Wolf Richter • Nov 11, 2022 • 154 Comments It still bought Tesla though, which is down by 52%. It took massive losses. And it’s got a bunch of Imploded Stocks.
Cryptos Plunge, Contagion Sweeps Across DeFi: Trying to Go to Heaven Together, End Up Going to Heck Together? by Wolf Richter • Nov 9, 2022 • 228 Comments Binance-FTX deal now in doubt after revelations of huge black hole and investigations by the SEC and CFTC.
What a Day for Imploded Stocks: Affirm, Upstart, CarGurus, Lyft, MicroStrategy, Robinhood, Coinbase, and a Crypto Meltdown by Wolf Richter • Nov 9, 2022 • 131 Comments When a crypto-meltdown collides with earnings reports.
Shares of AI-Powered Home-Flipper Disruptor-SPAC Opendoor Get Annihilated by Wolf Richter • Nov 8, 2022 • 89 Comments Another big investor that pulls back from the housing market: it’s now a net-seller.
Used-Vehicle Wholesale Prices Plunged, but Not Retail Prices; They’re Still in the Ridiculous Zone by Wolf Richter • Nov 7, 2022 • 109 Comments Buyers’ strike is in effect. Used vehicle retail sales drop, dealers sing the blues but don’t want to cut prices from their ridiculous levels.
Imploded Stocks of the Day: Carvana, Twilio, Atlassian, Cloudflare by Wolf Richter • Nov 6, 2022 • 203 Comments The free-money virus turned investors’ brains to mush. But the healing has started, interest rates are recovering, QT is here, and look what we got.
Advertise on a Competitor’s Social Media Platform? Um, that Would Be a Hoot… GM “Paused” Ads on Musk’s Twitter by Wolf Richter • Oct 28, 2022 • 120 Comments Automakers are huge advertisers. Social media platforms are huge data collectors. And now Tesla’s Musk owns this data.
Amazon Makes Big Mess Afterhours. Intel Reports Fiasco but Mass-Layoffs Boost Battered Stock. Apple Hangs on Amid “Challenging and Volatile Macroeconomic Backdrop” by Wolf Richter • Oct 27, 2022 • 112 Comments One heck of an earnings season for tech and social media companies so far.
Meta Makes Huge Mess Afterhours, Enters my “Imploded Stocks,” after Tech & Social-Media Already Messed up the Day by Wolf Richter • Oct 26, 2022 • 191 Comments Meta shares plunge 19% after hours, for a total plunge of 24% for the day: metaverse woes, online advertising, expenses.
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4% by Now, but Now We’re at 7%. Wishful Thinking by Crushed Mortgage Lenders? by Wolf Richter • Oct 24, 2022 • 172 Comments This raging inflation will keep dishing up a lot more surprises.
