Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Liquidity To Collapse $1 Trillion In "3 Or 4 Months", Pushing Economy Into The Abyss
BY TYLER DURDEN
SATURDAY, JUN 03, 2023 - 09:35 AM
f you want to know why oil prices are falling it's because the global economy is slowing. It's a lack of demand. It's not the debt ceiling or whatever else the mainstream media is pumping.
If you want to know why oil prices are falling it's because the global economy is slowing. It's a lack of demand. It's not the debt ceiling or whatever else the mainstream media is pumping. pic.twitter.com/L4srEICkLw
— Steven Van Metre - AI 👑 (@MetreSteven) May 31, 2023
Gold prices hit 18-month high as investors seek safe haven. (ummm no)
Cryptocurrency prices tumble as investors sell off risky assets. (not sure about this one)
Treasury yields rise as investors expect more aggressive rate hikes from the Fed. (nope, sorry try again)
Gold prices hit 18-month high as investors seek safe haven. (ummm no)
— Steven Van Metre - AI 👑 (@MetreSteven) June 2, 2023
Cryptocurrency prices tumble as investors sell off risky assets. (not sure about this one)
Treasury yields rise as investors expect more aggressive rate hikes from the Fed. (nope, sorry try again)
The Fed really needs the NFP to come in soft so they have an excuse to pause in June. This is necessary to get MMFs to buy the deluge of T-Bills that are about to hit the market. Will the BLS do their part?
The Fed really needs the NFP to come in soft so they have an excuse to pause in June. This is necessary to get MMFs to buy the deluge of T-Bills that are about to hit the market. Will the BLS do their part? pic.twitter.com/wpZcmaw9LB
— Steven Van Metre - AI 👑 (@MetreSteven) June 2, 2023
In Nassau County, NY, investor home purchases fell 67.9% year over year in the first quarter, the largest decline among the 40 metros Redfin analyzed. Next came Atlanta (-66%) and Charlotte, NC (-66%), Phoenix (-64.2%) and Nashville, TN (-60.4%). Rounding out the top 10 are Las Vegas, Jacksonville, Philadelphia, Tampa, FL and Orlando, FL, which all saw declines of more than 50%.
All but two of the metros above (Nassau County and Philadelphia) are in Sun Belt states, which soared in popularity among homebuyers during the pandemic. Investors piled in to capitalize on surging rents and home values, and are now pulling back as Sun Belt housing markets slow relatively quickly after getting overheated in recent years.
In Phoenix, 30.7% of homes sold by investors in March sold at a loss—the highest share of the 40 metros Redfin analyzed and more than double the national rate, a separate Redfin analysis found. Next came Las Vegas (28%), Jacksonville (20.9%), Sacramento, CA (20.2%) and Charlotte (17.4%).
Redfin Reports Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
That outpaced a 41% drop in overall home purchases, as rising interest rates and falling home values caused investors to retreat
May 31, 2023 08:00 AM Eastern Daylight Time
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
“I rarely get offers from investors these days, and when I do, it’s a lowball offer on a house that’s been sitting for a while. Some smaller companies and mom-and-pop investors are still active in the market, but the big corporations aren’t buying anymore.”
Tweet this
That’s the largest annual decline on record, and outpaced the 40.7% drop in overall home purchases in the 40 major metros tracked by Redfin.
Investor purchases fell 15.9% on a quarter-over-quarter basis, comparable with the 14.7% quarterly drop in overall home purchases.
“While investors have pumped the brakes on home purchases, they’re still scooping up a bigger share of homes than they were before the pandemic, which can create challenges for individual buyers at a time when there are so few homes for sale,” said Redfin Senior Economist Sheharyar Bokhari. “Investors have gravitated toward more affordable properties due to still-high housing costs and rising mortgage rates, which has left first-time homebuyers with fewer starter homes to choose from.”
Investors bought up scores of homes during the pandemic because record-low mortgage rates and skyrocketing housing demand created opportunities for hefty returns. Now they’re pulling back in response to the rise in interest rates, which is causing housing values to continue falling in much of the U.S. as homebuyer demand falters. While many investors buy homes with cash, they’re still impacted by high interest rates because they often take out non mortgage loans to cover renovations and other expenses.
“It’s been about eight months since one of my listings sold to an investor,” said Jacksonville, FL Redfin Premier real estate agent Heather Kruayai. “I rarely get offers from investors these days, and when I do, it’s a lowball offer on a house that’s been sitting for a while. Some smaller companies and mom-and-pop investors are still active in the market, but the big corporations aren’t buying anymore.”
Borrowing costs climbed even higher in May, meaning investors may pull back from the housing market further in the second quarter. Investor home purchases typically rise on a quarter-over-quarter basis in the spring, but they may fall flat or decline when second-quarter data comes in.
For investors who are landlords, slowing rent growth is also making it harder to reap profits. And investors who are in the business of flipping homes are finding it more challenging to make money because they’re increasingly likely to resell homes at a loss due to declining home prices. Roughly one of every seven homes (13.5%) sold by an investor in March sold for less than the investor bought it for, just shy of the seven-year high set in February. The share was even higher—20.8%—for home flippers.
Investor home purchases in the first quarter of 2022 were near their record high, which is another reason the year-over-year decline in 2023 was so dramatic. Investors bought 41,181 homes in the metros tracked by Redfin in the first quarter of 2023, down from 80,128 a year earlier, which wasn’t far from the record high of 95,124 in the third quarter of 2021.
Overall, investors bought $27.5 billion worth of homes in the metros tracked by Redfin in the first quarter, down 46.3% from $51.2 billion one year earlier and down 12.4% from $31.4 billion one quarter earlier. The typical home investors purchased cost $427,901, which means little changed from the prior quarter and a year earlier.
Investors Bought 18% of Homes Purchased in the First Quarter
While investors are purchasing fewer homes than they were before the pandemic, their market share remains relatively high; they bought 17.6% of homes purchased in the metros tracked by Redfin in the first quarter. That’s down from a peak of 20.4% a year earlier but higher than any quarter on record prior to the pandemic.
Investor market share is likely above pre-pandemic levels in part because so many individual homebuyers have been priced out of the market, Bokhari said. For it to come down substantially, investors would need to pull back much more than regular buyers; right now, both groups are retreating rapidly from the market.
Investor Home Purchases Plunged in the Sun Belt
In Nassau County, NY, investor home purchases fell 67.9% year over year in the first quarter, the largest decline among the 40 metros Redfin analyzed. Next came Atlanta (-66%) and Charlotte, NC (-66%), Phoenix (-64.2%) and Nashville, TN (-60.4%). Rounding out the top 10 are Las Vegas, Jacksonville, Philadelphia, Tampa, FL and Orlando, FL, which all saw declines of more than 50%.
All but two of the metros above (Nassau County and Philadelphia) are in Sun Belt states, which soared in popularity among homebuyers during the pandemic. Investors piled in to capitalize on surging rents and home values, and are now pulling back as Sun Belt housing markets slow relatively quickly after getting overheated in recent years.
In Phoenix, 30.7% of homes sold by investors in March sold at a loss—the highest share of the 40 metros Redfin analyzed and more than double the national rate, a separate Redfin analysis found. Next came Las Vegas (28%), Jacksonville (20.9%), Sacramento, CA (20.2%) and Charlotte (17.4%).
Investor purchases may also be declining in Atlanta, Charlotte, Las Vegas and Phoenix because those markets were popular among iBuyer investors. Many iBuying companies, including RedfinNow, ceased or slowed operations in recent years.
Baltimore saw the smallest decline in investor purchases, which fell 8.8% year over year in the first quarter. It was followed by Providence, RI (-9.6%), Seattle (-15.5%), Milwaukee (-21.6%) and Cleveland, OH (-23.2%).
Investors Lost Most Market Share in Charlotte, Atlanta and Phoenix
Investors lost market share in 17 of the 40 metros Redfin analyzed. Many of those are places where investor purchases dropped significantly. In Charlotte, investors bought 18.4% of homes purchased in the first quarter, down 14.1 percentage points from 32.5% a year earlier. That’s the largest percentage-point drop among the metros in this analysis. Next came Atlanta (-14 ppts), Phoenix (-11.1 ppts), Jacksonville (-10.7 ppts) and Nashville (-9.3 ppts).
Investors gained the most market share in Baltimore, where they bought 21.6% of homes purchased, up from 17% a year earlier (4.6 ppts). Next came Nassau County (4.3 ppts), New York (4 ppts), Providence (3.4 ppts) and Seattle (2.8 ppts).
Overall, investors had the highest market share in Miami, where they bought 30% of homes purchased in the first quarter. Rounding out the top five are Cleveland (24%), Anaheim, CA (22.6%) Detroit (22%) and Jacksonville (22%).
Investors had the lowest market share in Warren, MI (10.6%), Montgomery County, PA (10.6%), Washington, D.C. (10.6%), Minneapolis (11.1%) and Portland, OR (11.5%).
Low-Priced Homes Made Up Increasing Share of Investor Purchases
Low-priced homes made up nearly half (48.7%) of investor purchases in the first quarter, the highest share in two years. Meanwhile, mid-priced homes represented about one-quarter (23.6%) of investor purchases, the lowest share in two years. High-priced homes made up 27.7%, little changed from the prior several quarters.
Investors bought 24.9% of all low-priced homes that were purchased in the metros tracked by Redfin in the first quarter, comparable with the 25.3% record high set a year earlier. Meanwhile, they bought 12.5% of mid-priced homes that were purchased, the lowest share in two years, and 15.3% of high-priced homes.
The investors who are still in the market have gravitated toward more affordable properties due to still-high home prices and elevated interest rates. A record 41.1% of investor purchases in the first quarter were starter homes— homes with 1,400 or fewer square feet—up from 37.2% a year earlier.
To view the full report, including charts, metro-level data, and methodology, please visit: https://www.redfin.com/news/investor-home-purchases-q1-2023
BNKU closed over 50 dma (D). DPST 1/10 split Monday.
They are going to self-destruct.
yep got the ihousing on the wishlist
I think the AI market machines are starting to exhibit irrational exuberance :>
LMAO. Don't forget ihousing.
#Never Ending pump job.
I've been patient with Boil as well. Took a starter yesterday.
Road trips are perfect to keep the head on straight during this manipulated BS
always nice to unplug markets a few days
more trips planned
I'm waiting on the new I-phone, I-stimulus check and i-AI-brain chip implant before the next road trip
and waiting on NG to pull a ripper this month, in at 2.32's
weee, svxy off the charts
now trading outside of top bollie and top weekly regression channel
we like bubbles, but its different this time, yeah lol
Taking another stab at 7.41 Uturd. Also picked up some boil at 2:35. Packing everything away for safekeeps. Happy Friday all. I'll be at the rest of the day
New vix motto. Buy now, pay later
Welcome back. I hope you enjoyed your road trip.
America is still thriving from the $1,200 stimulus checks. Not to worry!
Follow the government and raise your credit limit. Easy as
1
2
3
SVXY SVIX FNGU SOXL DPST bubble it up some more everything is AI where no consumers will be left as jobs disappear lol…and then SPY 430 approaches because they suddenly reach a debt deal.
Don’t forget if some more Banks go down then there is an excuse to print some more money…
UUP. What happened to USD today? Time to find a short fund. Ideas?
I forgot about the Lulu crowd lol
Lulu buyers, who else.
The only question I have
If top 3% own 97% of all the money, who's going to buy all these upcoming nifty I-AI gadgets?
I suppose the crowd with maxed credit cards at 20% apr will buy them soon, ok got it
checking in, back from shorty road trip, no pun lol
was on trade screens today, in for a Boil starter earlier 2.30s area scale, room to grow if NG does lower bollie 1.94, but I liked 2.15 pivot potential so jumped in with one foot. trillion dollar tech companies and energy thrown in the backseat, seen this movie before not too long ago before RU/U conflict
Schiller PE, fool me once, fool me twice, shame on that long term Mean reversion, in hot 30 zone
https://www.longtermtrends.net/sp500-price-earnings-shiller-pe-ratio/
Svxy-weeeee! now outside top weekly linear regression channel, have my trade plan tomorrow (U) get that follow-thru blow off candle, never seen a sustained continuation higher outside the top channel, maybe wrong this time and the AI neural network has taken over the market levers
I know I shouldn't be surprised, but can't believe what I'm seeing with this VIX crush today. UVIX in the 7s, insane
$DPST a nice buy today to go along with market pump
Indeed follow FNGU SOXL for gains flip them also..but ultimately the Big Banks want to demolish the small banks so BNKD flip the dips and DRV buy the dips on them wanting to crash housing also..
This just in: apple to launch ihousing. Just add water.
The homeless will be fine
Only Nvidia matters and big tech. Housing collapse meaningless. Iphones, internet and AI at any cost. USA!
Why BNKD housing market under complete collapse check the stats…
https://twitter.com/nickgerli1/status/1663962767567593486?s=20
Investors officially abandon Housing Market in 2023 (49% Drop in Purchases)
Nick Gerli
Nick Gerli
May 31, 2023
Investors officially abandon Housing Market in 2023 (49% Drop in Purchases)
It's official: real estate investors have abandoned the Housing Market in 2023.
With data from Redfin reporting a colossal 49% YoY decline in investor home purchases in the first quarter of 2023. This is the biggest annual decline in investor demand in US history (at least going back to 2000).
Investors purchased 41,000 homes in the counties that Redfin tracks in Q1 2023. Which is not only a 49% drop from last year, but also a significant decline from pre-pandemic levels.
Overall investors purchased 18% of the homes that sold in the quarter. Which is a slightly higher share than they were doing before the pandemic. However, the overall drop in absolute sales indicates that the short-lived era of investor domination of the US Housing Market is over.
Rising Interest Rates nuked Investor Demand
Going back 12 months ago I was predicting that Wall Street Investors would exit the US Housing Market.
And my logic was simple: higher interest rates were going to make being a landlord unprofitable. And cause the Wall Street buyers to drop out. A reality which you can see clearly on the graph below, which compares the 30-Year Mortgage Rate in America to the Cap Rate for investors (the unlevered profit yield from the rental).
From 2015 to early 2022 the Cap Rate was higher than the Mortgage Rate. Meaning that Wall Street investors had a big incentive to take out debt and buy up homes. Since they were guaranteed to make money after paying their lender (in the business we call this spread "accretive leverage").
Real estate investors have stopped buying because interest rates have gone up so much.
The 6.9% Mortgage Rate is significantly higher than the 4.6% Cap Rate in 2023
But now this dynamic has completely shifted. Mortgage Rates started to skyrocket in early 2022. And by April 2022 the Mortgage Rate was officially higher than the Cap Rate. Which is precisely the point in time that investors began to make fewer offers on home.
Fast forward to spring 2023 and the situation is completely untenable for investors. The Mortgage Rate is 6.9% and the Cap Rate is 4.6%. Meaning that any investor who takes out debt to buy rental homes is guaranteed to lose money after paying their lender (we call this "negative leverage").
(Note: some people think mortgage rates don't matter for Wall Street investors because they "buy in cash". However, the underlying source of the cash is usually debt. Often raised from the Mortgage Backed Security market. With the debt priced at a similar interest rate to the prevailing 30-year Mortgage.)
Investors bailed everywhere. But especially in the Sun Belt.
The other interesting trend revealed in this Redfin report is about where investors bought fewer homes.
Metros with Biggest Decline in Investor Purchases
Atlanta: -66% decline
Charlotte: -66% decline
Phoenix: -64% decline
Las Vegas: -60% decline
Nashville: -60% decline
Jacksonville: -57% decline
Tampa: -54% decline
The investors bailed most on all the hot Sun Belt markets they piled into in 2020 and 2021. The markets they said were great long-term places to buy because of "all the people moving in".
Well, that was a bunch of baloney. All it took was some Jerome Powell rate hikes to sour investors on the idea of buying in Sun Belt boomtown cities. So much for these investors having a "long-term strategy".
What's even more interesting are the markets that experienced the lowest decline in investor purchases. It's basically the reverse of the above list.
Metros with Lowest Decline in Investor Purchases
Baltimore: -9% decline
Providence: -10% decline
Seattle: -16% decline
Milwaukee: -22% decline
Cleveland: -23% decline
Cincinnati: -25% decline
With the exception of Seattle, the markets that held investor demand the best were Northeast and Midwest "rust belt" areas. These areas largely go ignored in the national real estate discussion with very few big institutional players raising capital to buy homes there.
Which is precisely why they held up better. These markets are less reliant on the ebbs and flows of where Wall Street wants to put its capital. Rather, they're supported by local investors with a firmer knowledge base and tie to the area.
Going forward: it's all about Cap Rate
If you are an investor, or someone who wants to be an investor in the future, I'll say this: all hope is not lost. There are still opportunities out there and some markets where you can find success.
However, your main guidepost for finding these markets and deals needs to be about Cap Rate. That is, how much rental profit you earn from the property (net income / purchase price). Because in this higher interest rate environment, cash flow is going to become the key measure of success.
High cap rate markets/deals give investors this cash flow from Day 1. You can actually buy a rental and start putting money in the bank right away. Rather than having to hope and pray for rent growth and appreciation into the future to "save your investment".
The map below shows the metros in America color-coded by their Cap Rate. And what you can immediately see is that the highest Cap Rates (rental profits) are found in the Midwest and Deep South.
Whereas the lowest Cap Rates are in the Mountain / West regions of America, as well as select Northeast markets. You can access this data for yourself by going on Reventure App and selecting "Cap Rate" under premium data points.
And just so you can understand these differences practically, let's compare two markets: Pittsburgh, PA and Phoenix, AZ.
An investor looking to buy a home in Pittsburgh would be looking at paying around $200k for the typical house and could expect to earn around $14k in net income before paying interest. Good for a 7.2% unlevered return.
Metro: Pittsburgh, PA
Purchase Price: $198,928
Net Income: $14,285
Cap Rate: 7.2%
Now, let's compare that to the experience of an investor who wants to buy in Phoenix. They would have to pay around $435,000 for the typical house and they'd take home $21,000 in net income before interest. For a measly 4.9% cap rate.
Metro: Phoenix, AZ
Purchase Price: $435,984
Net Income: $21,367
Cap Rate: 4.9%
If this investor is using mortgage debt to facilitate the transaction, they will likely be losing money in Phoenix after paying their lender. And desperately praying that rents in Phoenix will surge in coming years to bail out their investment and make it profitable.
Low Cap Rate Markets at the start of a long Bear Market?
No wonder investors are bailing on Phoenix. It just doesn't make sense to buy there. And ultimately I think we could be at the start of a long bear market for these expensive, low Cap Rate markets.
Especially across California. Where you can see that metros like San Jose, Los Angeles, and San Diego offer investors miniscule cap rates ranging from 2.5 to 3.5%. Those returns are less than what someone could get by buying a treasury bond.
Other markets with low cap rates include Austin, Seattle, Salt Lake City, Portland, and Denver. I suspect these areas are in for an investor bear market so long as interest rates remain elevated.
These markets will also likely have lower regular homebuyer demand going forward. Because a low cap rate essentially means that home prices have grown a lot faster than rents. Indicating that it's cheaper for households to rent in low cap rate markets than it is to buy (something you can confirm on Reventure App by clicking "Rent v Buy Calculator" under premium data points).
So long as it remains significantly cheaper to rent than to buy, households will sit on the sidelines and wait for home prices and mortgage rates to drop further.
Wall Street bailing is a WIN for Regular Homebuyers
Lastly - we need to acknowledge how this collapse in investor home-buying is a WIN for the regular homebuyer in America. Especially in metros like Charlotte, Atlanta, Phoenix, and Jacksonville, where investors lost the most market share according to Redfin.
In a metro like Charlotte investors went from purchasing 33% of the homes one year ago to only 18% of the homes in Q1 2023. Similar declines in investor share (gains for regular buyers) occurred throughout much of the Sun Belt.
Of course - homebuyers in these cities are still unhappy. Because they see prices and mortgage payments that are way too high. Far beyond what they can afford in many cases. They also see low inventory levels and are frustrated from 2+ years of searching for the right home.
And ultimately this frustration is understandable. The Housing Market is frozen right now and a tough slog for both buyers and sellers. However, the thing to remember is that housing downturns take time to play out. Often 4-5 years. And we are just now exiting Year 1 of this housing downturn.
Note that back in the mid-2000s bubble the investor purchases peaked in 2005, a good three years before prices began declining substantially. The decline in investor purchases was a leading indicator about what was coming for the market overall.
Investor purchases in the mid-2000s bubble peaked in 2005, three years before prices began declining meaningfully (Source: Redfin)
Ultimately home prices and mortgage rates still have a long way to go down before they reach levels where they entice both investors and regular buyers to come back into the market.
Are you an investor?
I'm curious - are you an investor? If so, how are you looking at the market right now? Are you buying with a mortgage or planning to pay cash? What markets are you interested in? Let me know in the comment section below.
-Nick
https://www.reventure.app/blog/investors-officially-abandon-housing-market-49-drop-in-purchases
Buy BNKD on dips under $14 as the regional banks fall further on commercial real estate ongoing crisis may be also be a safe bet on failing economy along with DRV dips. Unemployment report 830 am as ADP just reported crap Numbers
Nice move on miners today. Pincher play starting on daily for miner etfs
I would imagine "their" market "plan" will be to hold the market up through end of month and we will see a late day buying session
Bought 8.65 uvix this am. Will add tomorrow same price if available. Just holding for the meltdown and rush for the door selloff of the ridiculous over valuations.
FNGU SOXL SVIX the AI bubble continues ring the register in the way up to Bubbleland
The CBOE Gold ETF Volatility Index (GVZ) measures the market's expectation of 30-day volatility implicit in the prices of near-term Gold ETF options. The SPDR GLD ETF, the largest physically backed gold ETF in the world, is sponsored by World Gold Trust Services and listed since 2004.2 On May 26, 2023, the CBOE Gold ETF Volatility Index (GVZCLS) was retrieved from FRED, Federal Reserve Bank of St. Louis.0 The VIX risk index rose, while Gold remained unchanged. The S&P 500 and Nasdaq 100 were off in morning trade as debt ceiling talks have yet to produce much progress, despite positive rhetoric from both sides. The Ukraine war looks to be hotter, with the risk that commodity prices and inflation will spike.1
I've just been sitting on my uvix and adding. Not willing to let them go anytime soon. Started accumulating uvxy a few weeks ago as a flipper. Keeps it simple for my simple brain. At some point I'll miss the run with uvxy from flipping but will do my best to hold uvix close to my heart for the very needed waterfall correction.
I hope you enjoy your time off. Things should look a bit different once you return I would imagine. Safe travels
Looking back at a mistake
On the right chart, I was scaling into etf dapp between 2.75-3.00 for 2700 shares in Dec2022 based on Fib's. As markets do, they bring max pain to get you out of a position, lost patience and got concerned when it broke below my lowest 2.75 entry (stop) down to 2.50s, I exited at breakeven. In subsequent 2 months Fib retraced for 100% upside, these are weekly charts. On the left side is the U's. with a uvix high gap of 19.62 on 3/27, Fibs below
.50 retrace 20.22
.62 retrace 21.75
Staying flexible and objective, at the same time, see if I can learn from the past mistakes of max pain and patience. I plan on being away from the board for a few weeks, some time off and traveling, will pop in occasionally, best of luck with trades to everyone
Yeah, not behaving like it's a go yet. Next week will be interesting. I think a contract rollover is next week too. There was a rogue bullish blast today, I noticed, as I was flipping KOLD and saw the big dip there. Man, those moves happen so fast, it's almost literally in the blink of an eye. Wasn't holding at that point, thankfully. What a crazy rally in the market today. Never saw a move of that magnitude coming. No words anymore for the disconnect, but there ya have it.
you switched to the uvxy deleveraged : )
I think after today the top ten techs will be over 10 trillion in market cap
completely ridiculous but is until its not
have good weekend, got my handful today to cherish over the long weekend
Will watch for boil back at the 2.70 level
Reloaded all uvxy today. Also grabbed a sizable stash of fngd. Run for the Hills. The owners will be pulling the plug soon
Billionaires cashing in on Covid.
https://www.marketplace.org/2023/01/16/how-the-worlds-richest-people-became-much-richer-during-the-pandemic/amp/
thxs, will take a look later today
about 1/2 thru, he post his daily chart of Fed liquidity injections, of course, while they talk of QT and are injecting in the backdoor, it baffles me to think a 2% inflation target can be achieved while continuing to print, maybe I'm wrong and were heading for deflation, who knows
<www.youtube.com/watch?v=Znea69w0nYw>
could be a good plan
I'd like to see NG 2.30-2.35 which seems to be a buy demand zone from my amateur chart read
at some point I will make a Boil entry, could be sooner than later, however, watching it daily
You would definitely enjoy todays episode with Michael Pento on Wealthion..
https://youtube.com/@Wealthion
AI bubble winners SVIX FNGU SOXL cash in those gains ..rinse and repeat.
Find cheaper UVIX DRV when the time is right
SOXL up 7% after 20% yesterday NVDA the AI pump of the year keeps the market bubble going. Print print more money…
Followers
|
230
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
29816
|
Created
|
04/24/12
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |