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Hey friends! Today's Mayhem in the Markets video goes in-depth on the markets and economy, talking about what I'm watching, why it matters, and more.
00:00 Introduction
00:41 Debts up, savings down
01:46 Mortgage costs are the highest in decades
04:30 Cooked to perfection? Chinese bank books
05:06 ARKK bleeds as the old economy leads
09:02 The NASDAQ is extremely overbought
12:25 Banks are sitting on enormous unrealized losses
14:02 You can practically hear the vacuuming sound (from central banks)
14:43 Money supply growth is collapsing
16:55 Liquidity continues to drain from the financial system
17:30 Used vehicle prices have fallen the most on record
18:13 Existing home sales are dropping fast
20:20 Chart analogs are a fool's errand
I appreciate your feedback in the comments section! Questions are welcome, too.
Thanks for the information and perspective Mayhem. I would be interested in what you are looking at to shape your view on inflation going forward. It's clear you think it will be sticky and this is treated almost axiomatically. You mention services, but the biggest inflationary component there is shelter and we know that data lags, and then you do a very thorough job of showing why this is actually deflationary now. In other words, what would change your mind on inflation going forward? Thanks!
Very articulate and clear presentation, Mayhem. Well done. Thanks so much!