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Banking, Economy

“Warren Buffett’s Selling Over $3.8 Billion Worth of Bank of America Stock in 2 Weeks Is an Ominous and Unmistakable Warning for Wall Street”

https://finance.yahoo.com/news/warren-buffetts-selling-over-3-092100064.html While the timing is good lets be honest here. Selling that much stock would cause a flash crash even in a strong economy. At a certain point one has to ask does removing so much money from a sock… Continue Reading…

Stocks

“Nvidia’s stock flashes key warning sign” [Mon, Jun 17, 2024]

“…Nvidia stock’s Friday close at $131.88 put its relative strength index at 80. RSI is a measure of how fast a stock, a commodity or an index is rising — or falling… For Nvidia, 80 is a high reading and, more… Continue Reading…

Economy, Stocks

“JPMorgan’s Marko Kolanovic braces for 20% market plunge, delivers recession warning”

“JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money… Continue Reading…

Banking, Economy

“UK Money Supply Stops Growing in Possible Recession Warning”

“Britain’s broad money supply has stopped growing for the first time in at least 13 years, a reading that will deepen concerns among monetarists urging the Bank of England to show restraint in its battle against inflation… King warned in… Continue Reading…

Economy, Precious Metals

“China Controls Minerals That Run the World—and It Just Fired a Warning Shot at U.S.”

“China’s decision this week to restrict the export of two minerals used in semiconductors, solar panels and missile systems was more than a trade salvo. It was a reminder of its dominant hold over the world’s mineral resources—and a warning of its… Continue Reading…

Economy

“Macy’s and Costco sound a warning about the economy”

“Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy. Macy’s (M) on Thursday cut its annual profit and sales forecast after customer… Continue Reading…

Economy

“Yuan Slides Past Seven in New Warning Sign for China’s Economy”

“The yuan slid past the key level of 7 per dollar for the first time this year in a further sign the recovery of the world’s second-largest economy from its Covid restrictions is grinding to a halt. The currency weakened… Continue Reading…

Economy

“Japan Insurer’s Plan to Sell Foreign Debt Flashes Market Warning”

“A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may become a renewed wave of selling by some of the biggest investors in global bond markets… Fukoku Mutual Life Insurance… Continue Reading…

Business

“Billionaire investment guru Warren Buffett issues stark inflation warning: ‘Fiscal deficits have consequences’ – after rate rose to 5.4% and Wall Street saw its worst week of 2023”

“Billionaire investor Warren Buffett sent out a clear warning to his shareholders as the Fed‘s inflation measure jumped to 5.4 percent over the last month. In his much acclaimed annual letter to Berkshire Hathaway shareholders, Buffett, 92, warned that ‘huge and entrenched… Continue Reading…

Real Estate

“The world’s bubbliest housing markets are flashing warning signs”

“As central banks around the globe rapidly increase interest rates, soaring borrowing costs mean people who were already stretching to buy property are finally reaching their limits. The effects are being seen in countries such as Canada, the United States… Continue Reading…