US Creditcard Balances Moved Up To 16.27%

Buckle up:The average interest rate on #USA #CREDITCARD balances moved up to 16.27% in the 3rd quarter. With data going back to 1994, that is the highest rate we have ever seen.

Germany’s factory orders accelerate drop 4% MoM

Germany’s factory orders accelerate drop, adding to concerns that Germany slipping into recession. September orders down 4% month over month. Full article in first comment —Source: Holger Zschaepits, Bloomberg, Economy Ministry

Fed approves 0.75-point hike

#Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead. The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. In a well-telegraphed move that markets had been […]

Blackrock’s Q4 2022 investment themes – back to a volatile future:

Bracing for volatility – The Great Moderation, the four-decade period of steady growth and inflation, is over, in our view. Economies’ production capacity took a lasting hit in the pandemic. Central banks now face a starker trade-off: crush economic growth down to this capacity level or live with higher inflation. For now, the inflation side […]

How The Markets Have Performance YtD

The markets have had a rough start so far in 2022, #Nasdaq is down nearly -30% (29.88%), S&P500 down -18.67%, Dow Jones down only -10%, Gold -20%, and finally, #Bitcoin down -56.50%. #investing, #stocks, #nasdaq, #Ycharts

German Food CPI jumped to 20.3% YoY in October

Some “food” for thought: Supermarket prices in #Germany are rising at a higher pace than other Eurozone countries. German Food CPI jumped to 20.3% YoY in October, #inflation? Source: @ycharts #CPI #Stocks #Investing

Meta (Facebook) Q3 2022 Results

Yesterday #Meta has announced their third quarter 2022 results. Key data points: Daily active people 2.93B (+4% Y/Y). Revenue -4% Y/Y to $27.7B ($27.4B expected). Operating margin 20% (-15pp Y/Y). Operating cash flow margin 35% (-14pp Y/Y). EPS $1.64 ($1.85 expected). Q4 guidance: Revenue -7% Y/Y. Stock price from Oct 2021, $312.20, to Oct 2022, […]

YtD Chip Stocks Price Performance

The largest chip manufacturers are all in decline since the start of 2022, see below an YtD overview of Intel, AMD, Nvidia, Qualcommm and Micron Technologies.