Margin Debt Drops Further amid Imploded Highfliers & Broad Stock Market Sell-Off: Not a Good Sign for Stocks

Sep 30, 2022

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. By Wolf Richter for WOLF STREET. Margin debt – the only type of stock market leverage that is reported regularly – dropped by another $36 billion, or by 4.3%, in March from February, and by 12.4% over the past three months, to $800 billion, according to FINRA which collects this data from member brokers. Margin debt has now fallen below the ...read more

UK shoppers head to Aldi and Lidl amid cost of living squeeze

Sep 30, 2022

Show caption Aldi won its biggest share of the UK grocery market to date, Kantar said. Photograph: Daniel Leal-Olivas/AFP/Getty Images Supermarkets Discount supermarkets gaining record market share as price inflation soars, Kantar survey finds UK shoppers are choosing to shop at discount supermarkets in greater numbers as grocery price inflation reaches its highest level in a decade amid a mounting cost of living crisis. Aldi grabbed its biggest share of the grocery marke ...read more

With ‘Stealth Politics,’ Billionaires Make Sure Their Money Talks

Sep 30, 2022

Magazine | With ‘Stealth Politics,’ Billionaires Make Sure Their Money Talks https://www.nytimes.com/2022/04/06/magazine/billionaire-politics.html Billionaires are neither good nor bad for the country — at least that’s what more than half of Americans think, according to a poll published by the Pew Research Center last year. Maybe this is because they don’t know how billionaires affect their lives or what political power they wield; maybe it’s just because a billion ...read more

Marketmind: Inflation or growth? - Reuters.com

Sep 30, 2022

A person uses a petrol pump, as the price of petrol rises, in Lisbon, Portugal, March 7, 2022. REUTERS/Pedro Nunes Register now for FREE unlimited access to Reuters.com A look at the day ahead in markets from Sujata Rao A JPMorgan survey shows a record high 86% of its clients planned to raise equity exposure. It is unclear if those plans will have come unstuck after the latest spurt in oil and commodity, and galloping inflation expectations. The bank itself is warning central banks face a ...read more

Oil Prices Jump Again, Hello Mr. President, What Will You Do For an Encore?

Sep 30, 2022

On March 31, president Biden announced release from the Strategic Petroleum Reserves to lower gas prices. Relief was short lived. Chart courtesy of Trading Economics, anecdotes in red by Mish Crude Notes Russia invaded Ukraine on February 24, 2022. The price of WTI closed at $90.44 Crude prices spiked as high as $126.52 on March 7 but closed at $115.80.  The highest closing price was $119.65 on March 8.  On March 31, Biden announced release from the Strategic Pe ...read more

(VIDEO) Inflation Breaks 40-Year Record [New Numbers Released]

Sep 30, 2022

Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Pr ...read more

Record Inflation Will Jack up the Price of Your Next Phone

Sep 30, 2022

U.S. Sen. Todd Young (R-ID) references a chart on rising costs during a press conference on inflation, at the Russell Senate Office Building on February 16, 2022 in Washington, DC Photo: Kevin Dietsch (Getty Images) If you’re already struggling with pain at the pump and rising prices of everything from ramen to rent , buckle up for some more unpleasant news. The fastest inflation increase in four decades means a year of pricier phones, laptops, and other gadgets as well ...read more

Hello Fed, Inflation Expectations Are Unglued, No Longer Well Anchored

Sep 30, 2022

Inflation Expectations data from New York Fed, chart by Mish Today the New York Fed released Survey of Consumer Expectations for March. I created the above chart from a data download. Well Anchored? The Fed keeps repeating its line inflation expectations are well anchored. Let's tune in to the March 2022 FOMC Minutes for examples. A few participants commented that both survey- and market-based measures of short-term inflation expectations were at historically high levels. ...read more

Fed's Evans: can see some 'positive' developments in inflation - Reuters

Sep 30, 2022

Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo Register now for FREE unlimited access to Reuters.com April 19 (Reuters) - Chicago Federal Reserve Bank President Charles Evans on Tuesday said the Fed could raise its policy target range to 2.25%-2.5% by year end and then take stock of the state of the economy, but if inflation remains ...read more