November 6: Buffett's Cash Pile Tops Record With $149.2 Billion On Hand— Sven Henrich (@NorthmanTrader) December 9, 2021
Also November: pic.twitter.com/MzEALT33pw
Do the internet stocks catch up? Or does the Metaverse catch down? https://t.co/xROuFLIEBF pic.twitter.com/vbPK2zHMIU— J.C. Parets (@allstarcharts) December 9, 2021
Equal weighted $qqqe Nasdaq is the cleanest chart pic.twitter.com/0pRMFWMXVA— Jack (@alphacharts365) December 9, 2021
Fed's Flow of Funds: Household Net Worth Increased $2.4 Trillion in Q3 https://t.co/Xv7fgJH6Ow— Bill McBride (@calculatedrisk) December 9, 2021
This graph shows household net worth as a percent of GDP. pic.twitter.com/PS6VkWpOKK
Consolidation Day: (1) SPX moved sideways most of the day, before sliding to 4667. (2) I would bet the black TL at 4642 would stop the drop. (3) it is worth noting that 12/17 is a major cycle for a bottom; so, that may be the w-2 low after FED's decision and presser.
AAII Investor Sentiment Supports Bull Case: (1) Though not accurate every time, but AAII's weekly sentiment data has more predictive power than most chart-based indicators. (2) simply put, when Bullish > 40%, closer to top; if <30%, closer to bottom. (3) Dec. 8=29.7%, more UP.
🇨🇳 #China M1 money supply (usually a leading indicator) rose 3.0% YoY in Nov. (v +2.8% YoY prior)— Christophe Barraud🛢 (@C_Barraud) December 9, 2021
*Real M1 (adjusted for CPI) rose 0.7% YoY in Nov. (lowest since March 2020; v +1.3% YoY prior) pic.twitter.com/estvrdCLZW
Hotels: Occupancy Rate Down 9% Compared to Same Week in 2019 https://t.co/neSZBb8b02 pic.twitter.com/rXEoiCPhor— Bill McBride (@calculatedrisk) December 9, 2021
"Interest expense" on US off-balance sheet debt was 67% of US tax receipts last year, per the US Treasury.— Luke Gromen (@LukeGromen) December 9, 2021
Entitlement pay-go's (HHS & SSA below) totaled ~$2.7 trillion, v. $4.05 trillion in estimated tax receipts (per the Cato Institute.)
These obligations have grown > GDP. pic.twitter.com/DUv4rugf13
As a reminder, this is a problem as we are facing a huge CAPEX deficit— Tracy (𝕮𝖍𝖎) (@chigrl) December 9, 2021
Global Oil Capex needs to rise by a cumulative $750bn to 2030 to meet demand (35% above prevailing spend) pic.twitter.com/PUqPbwr5mR