Eyepopping Factory Construction Boom in the US Reaches New Highs amid Big Corporate & Strategic Rethink by Wolf Richter • Aug 1, 2024 • 70 Comments One of the big changes that came out of the chaos of the pandemic. And robots cost nearly the same anywhere.
Magnificent 7 Down by $2.09 Trillion from Peak, then Microsoft Comes Out and Makes Further Mess Afterhours by Wolf Richter • Jul 30, 2024 • 86 Comments Nvidia -7% today, -23% since July 10. But afterhours, it rose when Microsoft outlined what it’s spending on AI infrastructure.
Winemaker SPAC with Dozens of Brands, Result of PE-Firm Backed Rollup, Files for Bankruptcy 3 Years after SPAC Merger by Wolf Richter • Jul 25, 2024 • 53 Comments Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out?
Magnificent 7 Got on Elevator to the Moon but Someone Pushed a Wrong Button: -$1.77 Trillion in 10 Days. Tesla Blows Fuse by Wolf Richter • Jul 24, 2024 • 136 Comments Nvidia is our double-WTF chart of the year, giving up $512 billion in 10 days.
CRE Gets Strangled, Corporate Bankruptcies Highest since 2010, but Junk Bonds & Broad Financial Conditions in La-La-Land by Wolf Richter • Jul 22, 2024 • 89 Comments The big divergence.
Small Stocks Keeled Over after Brief Super-Hyped “Rotation” Spike. Magnificent 7 lost $1.3 trillion in Seven Days by Wolf Richter • Jul 20, 2024 • 104 Comments That $1.3 trillion just sort of came and went within a month, and people didn’t really notice – amazing.
Non-Tesla EV Sales +45% in Q2 YoY in California, Tesla -24%: People Have Had it with Musk’s Bullshit about California and San Francisco? by Wolf Richter • Jul 19, 2024 • 290 Comments Oh Elon, trying to wreck Tesla? Consumer boycotts work, see Bud Light. Don’t mess with American consumers!
Magnificent 7 Stocks Lose $1.1 Trillion in Five Days, and It’s Barely a Blip. Trillions Don’t Even Matter Anymore by Wolf Richter • Jul 17, 2024 • 111 Comments Nvidia, after gaining $2.1 trillion YTD through July 10, gave up $418 billion or 12.6% since. Meta -13.6% in 5 days. Tesla should be kicked out of the Mag 7.
Who Made or Lost What between Brookfield, Starwood, MetLife? An Office CRE Deal of the Low-Interest-Rate Era Gets Shredded in Foreclosure by Wolf Richter • Jul 8, 2024 • 59 Comments One thing’s for sure: Low interest rates turned investors’ brains into mush.
What’s the Cost of Mortgage-Rate Buydowns and Other Incentives to Homebuilders? Lennar Discloses the Numbers by Wolf Richter • Jul 4, 2024 • 82 Comments And they’re big. That assumes their hedges don’t blow up, but that’s precisely what hit D.R. Horton.
