Over Half US Markets Record Housing Price Declines
"More than half of the 20 major U.S. housing markets recorded year-over-year price declines in March, reflecting a broadening and deepening housing slowdown. ... With consumer inflation accelerating to roughly 3.3% in March, U.S. home values have now fallen in real terms for the 10th consecutive month, underscoring an ongoing erosion of inflation-adjusted housing wealth." @SPDJIndices
Investors Forecast Oil at $85 by 2026, 39% Rise
"On oil prices…FMS investors expect oil to trade at $85/bbl (on a weighted-average basis) by end '26 (vs $84/bbl a month ago); this would be a 39% increase from $61/bbl Brent at the start of 2026. 26% of investors expect...
AI Writes 90% of Its Own Code
"...within the company, 90-plus percent of our code is actually written by Claude Code. A lot of Claude Code’s code is written by Claude Code.” - Anthropic CFO Krishna Rao @TheTranscript_ https://t.co/LAclZvbtVg
Credit Card Balances Slip $25B, Delinquencies Ease Slight
"Credit card balances fell by $25 billion and stood at $1.25 trillion... Transitions into early delinquency...ticked down for credit cards, from 8.7% annually to 8.6%..."
Spaghetti Bolognese Leads Growth, Tomatoes Surge 15%
Spaghetti bolognese is outperforming Pasta up 1.3% Uncooked ground beef up 2.7% Tomatoes up 15.1%
AI Growth Offsets Shock, Markets Remain Consistent
“No market disconnect … A common narrative is that markets are disconnected as equities and credit hold firm while oil, commodities and yields rise. We see no inconsistency. The AI buildout is offsetting the shock’s drag on growth, while energy...
Higher Gas Prices Shrink Trips, Boost Spend per Visit
Walmart comps traffic vs ticket. $5 gas in 2022. You could kinda sorta say when gas prices are up, shoppers make fewer trips and spend more per trip https://t.co/AqEj8V9yqY
S&P Target Raised to 8250 Amid Record Earnings Surge
“We are raising our year-end S&P 500 target from 7700 to 8250. We've been bullish on earnings but not as bullish as the recent consensus of industry analysts. We've never seen consensus earnings expectations rise so quickly for the current...
JPM Boosts KOSPI Targets, Korea Remains Top Market
"Korea remains our most preferred market in the region and we raise our base/bull/bear case KOSPI targets to 9,000/10,000/6,000." - JPM
Start Saving Early: Mistakes Pay Off Later
If I had a time machine, I'd tell my younger self that most mistakes are worth making. Except not saving aggressively for retirement while in your 20s. Compound interest is much more fun when you're an old guy who saved...
Goldman Delays Final Fed Cuts to Late 2026, Early 2027
“We are pushing back the final two Fed rate cuts in our forecast by one quarter to December 2026 and March 2027.” - Goldman
BofA Delays Fed Rate Cuts to 2027
"We push the two cuts in our Fed forecast out from Sep-Oct '26 to Jul-Sep '27. The data simply don't warrant cuts this year." - BofA
Income Outlook Dims as Gas Prices, Tariffs Concern Consumers
"Real income expectations continued a decline that began in March. About one-third of consumers spontaneously mentioned gasoline prices and about 30% mentioned tariffs." - UMich consumer sentiment
Price Worries Rise for Everyone, Less for the Rich
"Concerns Over High Prices Climbing for All but Remain Far More Moderate for Wealthy Consumers" - UMich consumer sentiment survey https://t.co/U26k1ps8DR
Chipotle’s Margins Under Pressure; Volume May Rescue
Chipolte margins gonna collapse. Can they make it up in volume? Lines probably gonna slow down too https://t.co/Z1iGjFplOf