Margin Debt Drops Further amid Imploded Highfliers & Broad Stock Market Sell-Off: Not a Good Sign for Stocks by Wolf Richter • Apr 18, 2022 • 136 Comments There are other types of stock market leverage, and no one knows how much leverage there is in total. Margin debt is the only reported indicator.
After Blowing $328 Billion on Share Buybacks since 2017, JPMorgan, BofA, Wells Fargo, Citi, Goldman Sachs Stocks Drop by Wolf Richter • Apr 15, 2022 • 175 Comments Q1 was crappy as IPOs imploded, investment banking took a hit, mortgage activity fizzled, other stuff happened.
CarMax Reported, Shares Plunged Further. Shares of Online Used-Car Startups Vroom, Carvana, and Shift Already Collapsed by Wolf Richter • Apr 12, 2022 • 107 Comments CarMax ran into resistance against ridiculous prices. The used-car startups face an existential crisis. Vroom shares collapsed 97%.
Amazon Issues Another “Callable” 40-Year Bond: Buyers Beware. Have a Look at the Prior Deals by Wolf Richter • Apr 11, 2022 • 137 Comments What’s good for Amazon is not good for the gander.
As Treasury Yields Spiked, Junk Bonds Did the Opposite: Still Maniacally Chasing Yield in Riskiest La-La Land by Wolf Richter • Apr 10, 2022 • 105 Comments Junk bond yields actually fell over the past month and are historically low.
After Robinhood Shares Collapsed 87% from Peak and 70% from IPO, Goldman Sachs, IPO Lead Underwriter, Cuts Stock to “Sell” by Wolf Richter • Apr 8, 2022 • 133 Comments It would be funny – if it weren’t so serious – how this stuff is imploding, and Wall Street, which created it, is now washing its hands of it.
After GM, Ford, FCA Abandoned Cars, Toyota, Now #1 in the US, Rubs In their Monumental Blunder Publicly by Wolf Richter • Apr 7, 2022 • 216 Comments There’s demand for cars, often lower priced. Abandoning them was an idiotic move to please Wall Street that’s now haunting the Big Three US automakers.
New Vehicle Sales Plunge as Chip Shortages, Production Cuts, Low Inventories Drag On. Back Where They’d Been in 1979 by Wolf Richter • Apr 4, 2022 • 134 Comments Toyota, whose sales plunged less than GM’s and Ford’s, was #1 in Q1.
After Having Blown $31 Billion on Share Buybacks to Prop Up its Shares, Starbucks Ends Them, to Invest in “Our People and Our Stores.” The New Old CEO Gets It. Shares Tank by Wolf Richter • Apr 4, 2022 • 106 Comments Great news, but not for the stock. Share buybacks gutted Starbucks. The SEC should again rule them illegal market manipulation, as it had until 1982.
Another Miracle-IPO Stock Collapsed by 82% since the IPO. Wall Street Hype & Hoopla Machine Screeches to a Halt by Wolf Richter • Mar 25, 2022 • 154 Comments The end of a truly amazing era.
