⚠️THE S&P 500 AND THE NASDAQ JUST RECORDED THE WORST START TO SEPTEMBER IN 23 YEARS⚠️ US stocks were red for 4 consecutive days in a shortened week after plenty of job market data. NVIDIA IS DOWN BY 27% FROM ITS PEAK Is the AI hype coming to an end?👇 globalmarketsinvestor.xyz/p/breaking-nvi…

MAGNIFICENT 7 EARNINGS GROWTH PEAKED IN Q4 2023: Mag7 excl. NVIDIA profit grew by 3% year-over-year in Q2 2024, lowest expansion in a year. This is below 57% record seen in Q4 2023. It is expected to decline to 17% in Q3 2024. AI hype is behind us. 👇 globalmarketsinvestor.xyz/p/is-the-us-st…

USED CAR PRICES FALL AS IF THERE IS A CRISIS: Used car and truck prices fell by 10.1% Y/Y in June. This is in line with the +10% drop in the Great Financial Crisis of 2007-2009. Overall, US wholesale prices of used vehicles fell for 22 months straight. globalmarketsinvestor.xyz/p/s-and-p-500-…

INVESTORS SENTIMENT IS EUPHORIC: US households and professional Investors are all-in stocks. Fund Managers are the most bullish EVER. Insiders are selling shares like crazy. Retail investors YOLO-ing NVIDIA stock. What could possibly go wrong? globalmarketsinvestor.xyz/p/us-technolog…

THIS IS INSANE: US retail sales have been revised down in the last 7 out of 9 months Adjusted for inflation, retail sales have declined for 4 straight months and are down by ~3% from its April 2021 peak. The data is not as good as the headlines claim👇 globalmarketsinvestor.xyz/p/us-job-numbe…

US HOMEBUYER CONDITIONS FOR US CONSUMERS FELL TO LOWEST ON RECORD IN JULY The index of homebuyer confidence declined even below the 1980s levels when 30-year mortgage rates were between 12% and 19% Housing affordability is the worst in history👇 globalmarketsinvestor.xyz/p/s-and-p-500-…

“THE TIME HAS COME” for interest rate cuts in the US according to the Fed Chair Powell It would not be a surprise if we see a 0.50% reduction in Sept as Powell’s way of framing the comments about the labor market hinted at heightened urgency to act👇 globalmarketsinvestor.xyz/p/s-and-p-500-…

🔥CHART OF THE MONTH🔥 US credit card debt just hit a RECORD $1.14 trillion in Q2 2024! The total credit card balances skyrocketed by $400 billion or 50% since 2021 Meanwhile, the average credit card interest rate hit a new record in Q2 2024 of 22.76%👇 globalmarketsinvestor.xyz/p/chart-of-the…

US CONSUMERS STRUGGLE TO PAY OUT THEIR DEBT: Serious (90+ days) auto loan delinquency rate jumped to 2.9% in Q2 2024, the highest level since 2010. Serious auto loan delinquencies are now higher than in the 2001 recession and the 2020 COVID Crisis. 👇 globalmarketsinvestor.xyz/p/us-economy-i…

US 🚨HOUSEHOLD DEBT🚨 HIT A NEW RECORD US household debt jumped by $109 billion in Q2 2024 to an all-time high of $17.8 trillion. It has been driven by a $77 billion and $27B surge in mortgage and credit card debt This debt accounts for ~70% of US GDP👇 globalmarketsinvestor.xyz/p/chart-of-the…

NVIDIA’s CEO Jensen Huang sold a record $322.7 million worth of the chipmaker shares in July just before the rapid tech sell-off. He has sold a WHOPPING $500 million over the last 2 months. The chart below presents the timing of these transactions👇 globalmarketsinvestor.xyz/p/s-and-p-500-…

US GOVERNMENT SPENDS MONEY AS IF THERE IS A CRISIS: The deficit hit $1.5 trillion in the first 10 months of Fiscal 2024. This is larger than all years before the COVID Crisis including 2009 - last year of the Financial Crisis when deficit was $1.4T👇 globalmarketsinvestor.xyz/p/breaking-us-…

US TECHNOLOGY STOCKS HAVE GONE REALLY FAR: Information technology sector share of the total US stock market capitalization has exceeded 35% and hit an all-time record. This is even higher than ~32% seen during the 2000 Dot-Com Bubble. 👇 globalmarketsinvestor.xyz/p/is-the-us-st…

WHY GLOBAL CENTRAL BANKS ARE BUYING RECORD AMOUNTS OF GOLD? 1) No default risk (unlike bonds) 2) Performance during times of crisis - gold performs well unless there's a liquidity crash 3) Historical position 4) Long-term store of value/ inflation hedge👇 globalmarketsinvestor.xyz/p/us-technolog…

ARE CENTRAL BANKS CUTTING RATES TO FIGHT RECESSION? 80% of global central banks are expected to ease their monetary policy by the end of 2024 What to expect from central banks this year? Read the full analysis below 👇 globalmarketsinvestor.xyz/p/what-to-expe…

GLOBAL MANUFACTURING ACTIVITY IS CONTRACTING AGAIN The global manufacturing PMI index fell to 49.5 points in August, the lowest level since December 2023. The index has seen deteriorating business conditions for the 2nd consecutive month. 👇 globalmarketsinvestor.xyz/p/how-did-the-…

GERMAN ECONOMY HAS BEEN IN RECESSION FOR OVER 2 YEARS: The country's economy has shrunk in 5 out of the last 9 quarters. Truly incredible. Read more👇👇 globalmarketsinvestor.xyz/p/how-did-the-…

GLOBAL DEBT HIT A MASSIVE $315 TRILLION IN Q1 2024 It SKYROCKETED by $15 trillion in 12 months. As a % of world GDP, it is 333%. In other words, debt is more than 3 TIMES larger than the global economy. Since COVID, it has increased by $55 TRILLION 👇 globalmarketsinvestor.xyz/p/s-and-p-500-…

CHART OF THE WEEK: Gold demand jumped to near the highest level in 14 years in July Total gold demand has oscillated around 1,200-1,300 tonnes over the last 3 years. At the same time, gold prices have rallied by 42% beating the S&P 500 gain of 24% 👇 globalmarketsinvestor.xyz/p/chart-of-the…

FURTHER RATE HIKES IN JAPAN ARE STILL ON THE TABLE Core inflation rate (excluding fresh food) in Japan has been above the Bank of Japan’s 2% target for 28 MONTHS and in July came at a 2.7% year-over-year increase. Carry trade risk has not disappeared.👇 globalmarketsinvestor.xyz/p/s-and-p-500-…