It’s all relative. Your greatest fears are your most prevalent enemies. Think different. Dad of 3 boys. Lacrosse. Fishing. Finance. Austin, TXJoined December 2014
🚨 WARNING : The Crisis in Swap Spreads 🚨
(NOT Click-bait this is a big deal.)
1/ Have you been keeping an eye on interest rate swap spreads lately? If not, you should be!
They've been quietly building and building, and last week, they made a monumental move – the biggest…
JUST IN: Union of Auto Workers (UAW) officially begins strike with 12,700 workers at three plants.
This includes workers at Ford, General Motors, and Stellantis.
The strike could impact as many as 146,000 workers by next week.
What does this mean?
46% of US auto production is…
The Russian Civil War could be the world’s first nuclear civil war. Can the Russian military maintain command and control of Russia’s nuclear forces? Could the Wagner Group seize control of Russian tactical nuclear weapons? In the chaos, there is a risk of loose nukes.
1/14
$SVB fails two days after $SI fails. Why now? What was the catalyst?
tl:dr Their deposit rates are too low, and there is an effective run on the entire “low yielding” banking system.
The fix is simple – raise deposit rates to attract capital. But this hurts profits.
🧵
"In the 1990s, 15% of companies in the Russell 2000 had negative 12-month trailing EPS. Today that share is 40%...If the underlying uptrend continues, more than 50% of firms in the index will have negative earnings by the end of this decade:" Apollo's Torsten Slok
@GTCost @gregorymckenna
Sound familiar?
“The past two decades of low inflation and near-zero interest rates were an ‘aberration,’ BofA says. Get ready for an economic ‘regime change’”
finance.yahoo.com/news/past-two-…
U.S. spring #wheat planting is advancing at the slowest pace in more than 20 years and was only 49% complete as of Sunday. Average for the date is 83%. Minnesota is only 11% planted vs 90% avg. North Dakota 27% vs 80% avg. Those two states grow two-thirds of the U.S. crop.
“a dollar of cash from outside the stock market that is invested in equities will cause the combined market cap of all stocks to rise by about $5, while a dollar withdrawn from the market will have the opposite “multiplier effect,” the study says.”
apple.news/A54IriM7KS8Sxn…
'One theory holds that in a world where Treasuries struggle to hedge stock drawdowns, buying equity volatility is more appealing than ever. The co-movement between bonds and stocks hit the highest since 1999 last month -- a failure of diversification.' bloomberg.com/news/articles/…
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I DO NOT TRADE CRYPTO
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