Home sales fell in April to the lowest pace since the pandemic: Existing home sales declined 2.4% compared with March to a seasonally adjusted annualized rate of 5.61 million units, the…

The S&P 500 rose 0.5% at the end of trading after sliding closer to bear market territory: After logging its biggest drop since June 2020 in the last session, the…

Andy Sieg, president of Merrill Wealth Management, says he still sees consumer savings as substantial. “When we look at checking and savings accounts across Bank of America, we see our…

The GIC Weekly just came out. In it:  Morgan Stanley estimates a 27% chance of recession in the next 12 months, up from just 5% in March. Investor anxiety now…

Sri Lanka has officially defaulted on its debt payments: The grace period for Sri Lanka to avoid defaulting on its foreign debt expired on Wednesday, as the government scrambled for…

One of the steps in the progression of increased costs through the economy will be the effects as debt-utilization peaks: Here are the shocking numbers: in March, one month after…

The Russell 3000 Index Trucking Subsector (RGUSPTK) has dropped over 10%. Meanwhile,  the S&P 500 Trucking Index (SP500-20304020) down ~11% and the Nasdaq Combined Transportation Index (TRAN) down over 5%.…

Rail traffic down: The Association of American Railroads (AAR) has reported US rail traffic down 5.4% Y/Y to 505,120 carloads and intermodal units for the week ending May. 14, 2022.…

He feels they have farther to go: Famed investor Jeremy Grantham said that he expects the S&P 500 (SP500) and the Nasdaq (COMP.IND) to fall about double from recent levels.…

From the article: The world’s largest hedge fund led by billionaire Ray Dalio has parted ways with its stake in Tesla (TSLA) and placed new bets on meme-stocks AMC (AMC)…