Buffett T-bills & Chills: Piled up T-bills, Ditched Stocks, Bonds, and Share Buybacks in Q3 by Wolf Richter • Nov 2, 2024 • 102 Comments Oracle of Omaha will sit on lots of dry powder when the S hits the fan and there will finally be some stocks worth buying.
Fed’s ON RRPs Plunge to $155 Billion as QT Drains Liquidity, Nothing Blown Up Yet. SOFR & TGCR Spreads Begin to Move by Wolf Richter • Nov 1, 2024 • 62 Comments “Such temporary rate pressures can be price signals” that help markets redistribute liquidity to where it’s needed most: Fed’s Logan.
Hurricanes Helene & Milton and the Boeing Strike Make Mess of Jobs Report. And Wages Surge by Wolf Richter • Nov 1, 2024 • 30 Comments Upon the data’s implications for inflation, the bond market puckered its lips: 10-year Treasury yield jumped to 4.35%, highest since early July.
Dear Readers, Please Donate to WOLF STREET: Fall 2024 Reminder by Wolf Richter • Oct 31, 2024 • 32 Comments Thanks to your generous support, WOLF STREET is free and open to all, and not behind a paywall.
Super Micro Computer Becomes the First AI-Mania Highflyer in our Imploded Stocks by Wolf Richter • Oct 31, 2024 • 58 Comments -42% in two days, -76% from peak-AI-mania in March 2024. There is some dark humor in those kinds of charts.
Inflation Doesn’t Want to Cooperate: PCE Price Indices for Core, Core Services, and Durable Goods Worsen Further MoM by Wolf Richter • Oct 31, 2024 • 60 Comments The YoY “core” PCE price index, the Fed’s yardstick for its 2% target, rose 2.65%, with no progress over the past 5 months. But energy prices plunged.
Our Drunken Sailors Splurge in Q3, Phenomenally so on Durable Goods, Drive GDP Growth. But Debt-to-GDP Ratio Worsens by Wolf Richter • Oct 30, 2024 • 120 Comments Jump in government spending also boosted GDP growth. But surging Imports, falling residential fixed investments, and inventories dragged.
Hiring Jumps for 3rd Month, Workers Cling to Jobs, Layoffs & Discharges Jump but Remain Low, Job Openings Fall by Wolf Richter • Oct 29, 2024 • 57 Comments Hurricanes in September & October and the Boeing strike will mess with labor market data for a few months; the Fed won’t get clear answers.
Boeing Launches $22 Billion Share Offering to Get Breathing Room, Dodge Junk Credit Rating, after Having Wasted $64 Billion on Share Buybacks by Wolf Richter • Oct 28, 2024 • 130 Comments It will dilute the bejesus out of already beaten-up stockholders. Share buyback karma.
Treasury Yield Curve Un-Inversion Hits Milestone on Inflation Fears, Tsunami of Supply, QT. Mortgage Rates Near 7% by Wolf Richter • Oct 26, 2024 • 139 Comments The 10-year yield surged by 60 basis points in five weeks but may run out of steam by about right now.
