The Money GPS

TOPICS AND TIMESTAMPS:

It’s On 0:00

Economy Stuck 0:19

Market Bottom? 6:51

See the Future 10:28

Adjustable-Rate Mortgages Are Back, But They’re Not Like You Remember - WSJ

https://www.wsj.com/articles/adjustable-rate-mortgages-are-back-but-theyre-not-like-you-remember-11653707480

Walmart, Gap and Others Amass $45 Billion in Extra Stuff to Sell - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-28/walmart-gap-and-others-amass-45-billion-in-extra-stuff-to-sell?srnd=premium-canada

Why One CIO Is Waiting for ‘a Solid Panic’ in the Stock Market - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-28/why-one-cio-is-waiting-for-a-solid-panic-in-the-stock-market?srnd=premium-canada

Fed Won’t Flinch as Labor Market Starts Tailing Off: Eco Week - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-28/fed-won-t-flinch-as-labor-market-starts-tailing-off-eco-week?srnd=premium-canada

US Wage Raises Show Signs of Peaking in Welcome Sign for Fed - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-27/us-wage-increases-show-signs-of-peaking-in-welcome-sign-for-fed?cmpid=BBD052722_OUS&utm_medium=email&utm_source=newsletter&utm_term=220527&utm_campaign=openamericas&sref=6uww027M

Will this fruit-picking robot transform agriculture? | Artificial intelligence (AI) | The Guardian

https://www.theguardian.com/us-news/2022/may/28/robot-agriculture-farming-artificial-intelligence

Terra's LUNA 2.0 crashes 86% after the airdrop

TOPICS AND TIMESTAMPS:

The Trap 0:00

Consumer Is Finished 0:19

Stocks Flip 5:34

Down Under 9:20

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https://cms.zerohedge.com/s3/files/inline-images/core%20PCE%202022-05-27_10-30-05.jpg?itok=2bMqp9dY

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https://cms.zerohedge.com/s3/files/inline-images/core%20PCE%20annualized.png?itok=tIQQlF_S

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https://cms.zerohedge.com/s3/files/inline-images/image%20-%202022-05-27T053613.513.png?itok=56Z9NUxu

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https://cms.zerohedge.com/s3/files/inline-images/2022-05-27_07-07-00.jpg?itok=356DPZj2

Consumer sentiment mired at 10-year low amid persistent inflation, UMich survey finds - MarketWatch

https://www.marketwatch.com/story/consumer-sentiment-mired-at-10-year-low-amid-persistent-inflation-umich-survey-finds-11653660319

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TOPICS AND TIMESTAMPS:

Upside Down 0:00

Economy Goes Down 0:23

Markets Up But Why 3:15

Insiders Buying 5:10

The Key 7:17

Interest on the debt is a huge threat | The Hill

https://thehill.com/blogs/congress-blog/3501223-interest-on-the-debt-is-a-huge-threat/

(1) Holger Zschaepitz on Twitter: "Is the recent stock rally real? The Smart Money Index sows doubt. https://t.co/Ls1a8NkNus" / Twitter

https://twitter.com/Schuldensuehner/status/1529951542366838784

Signs Are Pointing to a Slowdown in the Housing Market—At Last | Time

https://time.com/6178366/house-prices-us/

Now Even Chicken Is Getting Too Expensive? - The Washington Post

https://www.washingtonpost.com/business/now-even-chicken-is-getting-too-expensive/2022/05/26/7028b4d6-dd33-11ec-bc35-a91d0a94923b_story.html

Over $50 for a burrito? World's elite splash the cash on snacks at Davos

https://www.cnbc.com/2022/05/26/over-50-for-a-burrito-worlds-elite-splash-the-cash-on-snacks-at-davos-.html

Desire to Short Cathie Wood's ARKK ETF Is Dropping Almost as Fast as the Fund - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-25/desire-to-short-arkk-is-dropping-almost-as-fast-as-the-fund?srnd=premium

The Rise and Fall of Cathie Wood

https://nymag.com/intelligencer/2022/05/the-rise-and-fall-of-cathie-wood.html

TOPICS AND TIMESTAMPS:

Not So Fast! 0:00

The Fed Will Flip 0:28

Interest Rates 3:39

Economic Headwinds 9:46

Fed’s Inflation Fight Gets a Boost Amid the Wall Street Rout - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-25/fed-s-inflation-fight-gets-a-boost-amid-the-wall-street-rout?srnd=premium-canada

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https://cms.zerohedge.com/s3/files/inline-images/2022-05-24_13-03-53_0.jpg?itok=nzjU7NuK

Federal Funds Effective Rate (FEDFUNDS) | FRED | St. Louis Fed

https://fred.stlouisfed.org/series/FEDFUNDS

Fed Plans for Half-Point Interest Rate Hikes Won’t Be Shaken by Stocks Rout - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-19/fed-plans-for-half-point-hikes-won-t-be-shaken-by-stocks-rout

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Here’s How the Fed Might Adopt Bostic’s Rate Pause in September - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-24/here-s-how-fed-might-adopt-bostic-s-fed-rate-pause-in-september

Bank of Korea’s Rhee Puts Inflation Battle Before Growth for Now - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-26/bank-of-korea-hikes-rate-as-rhee-shows-inflation-tackling-intent?srnd=premium-canada

How China Is Seeking to Revive a $2.4 Trillion Real Estate Market - Bloomberg

TOPICS AND TIMESTAMPS:

Cash is Trash 0:00

Markets 0:10

Economy 6:25

Meltdown 9:17

Tesla stock is trading below its S&P 500 inclusion price as investors worry about Elon Musk's Twitter deal and eye a bearish death cross | Business Insider India

https://www.businessinsider.in/stock-market/news/tesla-stock-is-trading-below-its-sp-500-inclusion-price-as-investors-worry-about-elon-musks-twitter-deal-and-eye-bearish-death-cross/articleshow/91772602.cms

S&P 500 falls, Snap warning drags tech as Nasdaq loses 2%

https://www.cnbc.com/2022/05/23/stock-market-futures-open-to-close-news.html

Market Reversal Boosts Big Dividend Stocks - WSJ

https://www.wsj.com/articles/there-is-a-rush-for-cash-on-wall-street-11653364425

Social media stocks sink to erase US$135 billion on Snap warning - BNN Bloomberg

https://www.bnnbloomberg.ca/social-media-stocks-set-to-erase-100-billion-on-snap-warning-1.1769807#:~:text=(Bloomberg)%20%2D%2D%20Social%20media%20stocks,growth%20and%20rate%2Dhike%20fears.

Snap Plunges, And There Goes Social Media’s Online Ad Biz - WSJ

https://www.wsj.com/articles/oh-snap-there-goes-socials-online-ad-biz-11653386581

New Zealand raises interest rates by 50 bps, signals more aggressive hikes

https://www.cnbc.com/2022/05/25/new-zealand-raises-interest-rates-by-50-bps-signals-more-aggressive-hikes.html#:~:text=New%20Zealand's%20central%20bank%20raised,higher%20level%20than%20previously%20forecast.

Great Resignation to continue, one in five likely to switch jobs: PwC

TOPICS AND TIMESTAMPS:

Flip 0:00

Bigger Than Big 0:15

Selloff or Buy In? 2:56

Fed Pause Hikes? 5:44

Inventory Madness 8:25

The Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year - WSJ

https://www.wsj.com/articles/the-top-50-richest-people-have-lost-more-than-half-a-trillion-dollars-this-year-11653323306

Stock Selloff to Intensify as Fresh 10% Plunge Looms, Survey Finds

https://www.yahoo.com/now/stock-selloff-intensify-fresh-10-233000022.html

Guggenheim’s Minerd believes fine art, real estate will outperform stocks, sees bitcoin bottoming at $8,000 - MarketWatch

https://www.marketwatch.com/story/guggenheims-minerd-believes-fine-art-real-estate-will-outperform-stocks-sees-bitcoin-bottoming-at-8-000-11653329958

Fed Rate-Hike Pause in September May ‘Make Sense,’ Raphael Bostic Says - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-23/fed-rate-hike-pause-in-september-may-make-sense-bostic-says?srnd=premium-canada

Corporate Insiders Put Recession Angst Aside to Binge on Their Own Stocks - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-23/insiders-put-recession-angst-aside-to-binge-on-their-own-stocks?srnd=premium-canada

(3) Danielle DiMartino Booth on Twitter: ""Amazon first announced it was going to be laying off 100,000 workers, and we really did get validation of the slowdown with Target, Walmart, Kohl’s saying we’re sitting on way too much inventory, demand is not there." @Quillintel #DiMartinoBooth https://t.co/5swSQRNX55" / Twitter

TOPICS AND TIMESTAMPS:

The Test 0:00

China Lockdown 0:23

WHAT YOU NEED TO KNOW 6:34

Walmart Amazon Layoffs  7:49

Markets and Economies 12:41

Massive levels of inventory has been built up

Anticipation of higher prices and longer shipping times

Recession risk likely reduces demand

Companies are suggesting too many workers

Mass layoffs could be next

Global leaders warn of economic dangers as crises multiply

https://www.msn.com/en-us/news/world/global-leaders-warn-of-economic-dangers-as-crises-multiply/ar-AAXywy0

Shanghai district to require all shops to shut, residents to stay home | Reuters

https://www.reuters.com/world/china/shanghai-district-require-all-shops-shut-residents-stay-home-2022-05-21/

China’s Covid Zero Policy Is an Anchor on Commodities Prices - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-23/china-s-covid-zero-policy-is-an-anchor-on-commodities-prices-l3i72f6v?srnd=premium-canada

China Covid News: Beijing Logs Record Cases, Reviving Lockdown Concerns - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-23/beijing-sees-record-new-covid-cases-reviving-lockdown-concerns?srnd=premium-canada

TOPICS AND TIMESTAMPS:

The Best 0:00

Economic Flip 0:25

Food Crisis 6:56

Tripled Investment 8:38

Financial Tip 9:31

Global leaders warn of economic dangers as crises multiply

https://www.msn.com/en-us/news/world/global-leaders-warn-of-economic-dangers-as-crises-multiply/ar-AAXywy0

Walmart's Troubles Signal Tough Times for Entire US Economy - Bloomberg

https://www.bloomberg.com/opinion/articles/2022-05-21/walmart-s-troubles-signal-tough-times-for-entire-us-economy-l3ftjppn?srnd=premium-canada

Treasuries’ Fierce Rally Gets Reality Check in Hawkish Fed Talk - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-21/treasuries-fierce-rally-gets-reality-check-in-hawkish-fed-talk?srnd=premium-canada

Are Americans Getting Richer or Poorer? US $5 Trillion ‘Wealth Shock - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-21/a-5-trillion-wealth-shock-is-cracking-americans-nest-eggs?srnd=premium-canada

China Hedge Fund Manager Bullish on Mainland Shares - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-22/hedge-fund-up-138-this-year-is-turning-bullish-on-china-stocks?srnd=premium-canada

Top Rolex Seller Says Supply Issues Now Hitting Other Brands - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-18/top-uk-rolex-seller-says-demand-boom-lifting-other-watch-brands?utm_medium=social&utm_content=markets&utm_source=twitter&cmpid%3D=socialflow-twitter-markets&utm_campaign=socialflow-organic

Indonesia Palm Oil Export Ban Lifted in Relief to Global Market - Bloomberg

TOPICS AND TIMESTAMPS:

Down 0:00

Markets Down 0:21

The Only Chart Needed 4:53

Euro Dollar Parity 6:25

Global Economy 9:04

S&P 500 Pares Losses After Hitting Bear-Market Territory - WSJ

https://www.wsj.com/articles/global-stocks-markets-dow-update-05-20-2022-11653032201

S&P 500 Briefly Plunges Into Bear Market As Stocks Fall For Seventh Week In A Row

https://www.forbes.com/sites/sergeiklebnikov/2022/05/20/sp-500-plunges-into-bear-market-as-stocks-fall-for-seventh-week-in-a-row/?sh=12fdb0a7722c&utm_campaign=socialflowForbesMainTwitter&utm_medium=social&utm_source=ForbesMainTwitter

Major Outflows Hit Most Asset Classes as Recession Woes Mount - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-20/outflows-hit-every-asset-as-bofa-signal-flashes-buy-for-stocks

Sven Henrich on Twitter: "The S&P 500 sure hasn't been the same since the Fed started tapering... https://t.co/NvVI0Olo9M" / Twitter

https://twitter.com/NorthmanTrader/status/1527395785196838913/photo/1

Wall Street Is as Baffled by Stocks Now as It Has Ever Been - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-20/wall-street-is-as-baffled-by-stocks-now-as-it-has-ever-been?srnd=premium-canada

US growth seen outpacing China’s for first time since 1976 - Moneyweb

https://www.moneyweb.co.za/news/international/us-growth-seen-outpacing-chinas-for-first-time-since-1976/

Existing home sales fell in April to lowest level since start of pandemic

TOPICS AND TIMESTAMPS:

Here We Go Again 0:00

Consumers Off 0:46

Subprime 1:58

Higher Than US 5:38

Recession Or Not? 7:48

THIS Is What You Need To Know 13:53

Consumer is being hurt

Consumer taking step back

Stocks have dropped

Investors parking cash

Uncertain future determined soon

Gas could rise above $6 per gallon by end of summer: Experts | Washington Examiner

https://www.washingtonexaminer.com/news/gas-could-rise-above-6-per-gallon-by-end-of-summer-experts

U.S. may be barreling toward recession in next year, more experts say

https://www.adn.com/nation-world/2022/05/19/us-may-be-barreling-toward-recession-in-next-year-more-experts-say/#:~:text=The%20U.S.%20economy%20could%20be,counting%20on%20sustained%20economic%20momentum.

More Subprime Borrowers Are Missing Loan Payments - WSJ

https://www.wsj.com/articles/more-subprime-borrowers-are-missing-loan-payments-11652952602

Existing home sales fell in April to lowest level since start of pandemic

https://www.cnbc.com/2022/05/19/existing-home-sales-fell-in-april-to-lowest-level-since-start-of-pandemic.html