U.S. and ECB M2 money supply growth rates have fallen to their lowest year-over-year levels ever recorded.
Since the data began to be collected in 2008, the cost to hedge S&P 500 downside protection has never been cheaper.
US 30-Year fixed-rate mortgage reached 7.53% on Friday, the highest rate since October 2000.
The comeback of bond vigilantes: US 10y real rates have jumped to 1.77%, almost the highest level since 2009.
These are levels not seen since the peak of the pandemic, but more importantly the height of the great financial crisis of 2008.
Only 8% of companies have beaten consensus expectations at the top line, the lowest reading since 1Q18. Meanwhile, only 14% of companies have beaten consensus EPS expectations this quarter, below Q1 at 35%. Consumer Staples have been underwhelming.
Tech valuations got back to those crazy 2020/21 pandemic liquidity frenzy levels.
https://www.zerohedge.com/political/raskin-hunter-biden-did-really-unlawful-and-wrong-things
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