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“Fast food restaurants are expensive” are a sign of a *good* economy, not a bad one.
We want labor to be expensive! Fast food was inexpensive in the 2010s because of a slack labor market. https://t.co/abAIZ0dHX2
— Matt Darling ??️ (@besttrousers) May 2, 2024
Auto insurers are crushing the S&P. I would fade this.
Yes, there is more to auto insurance than the value of the car (bodily injury, etc.)
But KBB says new car prices are near a 2-year low, used cars down 4% from last year. Tesla cutting prices. pic.twitter.com/39ZxZ57ibN
— Jeff Weniger (@JeffWeniger) May 1, 2024
Encouraging news on the auto insurance inflation front from Allstate — higher premiums and slowing cost growth have improved profitability, making future large premium increases less likely: @TheStalwart @IrvingSwisher @carlquintanilla @talmonsmith pic.twitter.com/PsOqL8zQ3a
— Conor Sen (@conorsen) May 3, 2024
This is amazing. pic.twitter.com/5BPsCo8rlY
— Car Dealership Guy (@GuyDealership) May 2, 2024
Wow – Lumber is all the way back to 2019 levels pic.twitter.com/rSbhISNIQi
— Tom Hearden (@followtheh) May 4, 2024
Torsten Slok with some more cool weekend charts:
Inflation adjusted pandemic savings are up big time for the upper middle class. in % terms these folks that didnt get the 20% raises $15/hr folks did. but btwn savings and smaller % bumps on MUCH bigger base salaries? theyre fine pic.twitter.com/vy9ZfxJaTH
— talmon joseph smith (@talmonsmith) May 5, 2024
What just happened to construction jobs? pic.twitter.com/IbPxaAJffy
— Tracy Alloway (@tracyalloway) May 1, 2024
Feel free to push back on this, but going back 50 years most US recessions played out as an energy price shock followed by an investment collapse. We had the setup for that in Q2 2022 but that’s long gone, so what’s the thing going to be now?
— Conor Sen (@conorsen) May 5, 2024
1/11
The more data we get, the more I worry about the risks involved with Spot ETF.
?to update
—
Investment Advisors hold about 35% of all ETFs. However, they hold less than 1% of the new Spot BTC ETF.“Here come the boomers” was/is a myth. https://t.co/H5CQev7BBR
— Jim Bianco (@biancoresearch) April 28, 2024
Wow. Grayscale. pic.twitter.com/DRoZ4sGZVU
— Alex Krüger (@krugermacro) May 4, 2024
Whatever one insists crypto is – store of value, a claim on scarce digital real estate, a fun spec, a scam – since mid-2023 it’s traded purely as “The Next Big Thing” along with AI plays.
Bitcoin in lockstep with $NVDA, with $MSTR and $SMCI acting as leveraged versions of same. pic.twitter.com/XAdZjasrdc
— Michael Santoli (@michaelsantoli) May 1, 2024
Interesting stat from Freddie Mac. Even with higher rates and sticky prices, first-time homebuyers remain the dominant force in the for-sale housing market, representing 58.2% of all home sales.
This is a deflating stat for the conspiracy theorists who continue to falsely claim… pic.twitter.com/LoYJKtkhWn
— Jay Parsons (@jayparsons) May 3, 2024
‼️NEW DCG POLL‼️ released today reveals 1 in 5 battleground state voters consider crypto a key issue in 2024 U.S. elections. In a survey conducted with @HarrisPoll, swing state voters call for greater discourse on digital assets from political candidates. (1/4) pic.twitter.com/wdfWOePuUw
— DCG (@DCGco) May 7, 2024
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