The Money GPS

TOPICS AND TIMESTAMPS:

Around and Around 0:00

Sea of Red 0:10

Lost Decade for Stocks 7:20

S&P 500 Map

https://finviz.com/map.ashx?t=sec

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

https://www.cnbc.com/2022/05/17/stock-market-news-open-to-close.html

Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel | Daily Mail Online

https://www.dailymail.co.uk/news/article-10830591/Gas-stations-Washington-reprogram-pumps-prepare-10-gallon-fuel.html

High diesel prices are making inflation worse and raising the risk of a recession

https://www.freightwaves.com/news/diesel-costs-deliver-body-blow-to-trucking-industry

Chicken wings for $34? Pent-up inflation driving food costs higher – Orange County Register

https://www.ocregister.com/2022/05/18/chicken-wings-for-34-pent-up-inflation-driving-food-costs-higher/

(1) Danielle DiMartino Booth on Twitter: "“In reality, it was all the free money, eviction moratoriums, increased participants on SNAP & a stock market boom, now fading” 25% increase in food stamps was executive ordered into existence starting 10/1/21 & credit card spending growing at record rate https://t.co/KlCyFGdFI1" / Twitter

https://twitter.com/DiMartinoBooth/status/1526607333739991040?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1526607333739991040%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpersonal-finance%2Fhow-much-has-inflation-and-free-money-goosed-consumer-spending

TOPICS AND TIMESTAMPS:

Here We Go 0:00

What’s Going Down? 0:15

Bankruptcies Surge 4:45

What’s Going Up? 7:35

The crazy housing market is slowing but it's still out of reach for many buyers

https://www.axios.com/2022/05/16/the-crazy-housing-market-is-finally-slowing-down

Thinking about selling your home? This may be the time - CNN

https://www.cnn.com/2022/05/17/homes/us-real-estate-home-seller/index.html

FS-pTWaWIAEM9Pi (680×540)

https://pbs.twimg.com/media/FS-pTWaWIAEM9Pi?format=jpg&name=small

Bank of America Clients Hoard Cash at 2001 High as Stagflation Woes Surge - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-17/bofa-clients-hoard-cash-at-2001-high-as-stagflation-woes-surge

Thrifting is the new normal

https://www.axios.com/2022/05/17/resale-secondhand-americans-shopping

Canadian businesses face a wave of bankruptcy reckonings | The Star

https://www.thestar.com/business/2022/05/17/canadian-businesses-face-a-wave-of-bankruptcy-reckonings.html?utm_source=Twitter&utm_medium=SocialMedia&utm_campaign=Business&utm_content=canadianbusiness&utm_source=twitter&source=torontostar&utm_medium=SocialMedia&utm_campaign=&utm_campaign_id=&utm_content=

The Disinflationary Impact Of Fed Policy On Equities - RIA

https://realinvestmentadvice.com/the-disinflationary-impact-of-fed-policy-on-equities/

The next couple of months will be the most difficult of our lives, PM informs the nation - Top Story | Daily Mirror

TOPICS AND TIMESTAMPS: It Can’t Be Stopped 0:00 Helicopter Ben 0:29 Wild Swings 4:38 Inflation 10:17

TOPICS AND TIMESTAMPS:

Assets Fall 0:00

Global Bear Markets 0:39

Forbes Richest Family 2:49

Stable Assets 3:47

What Preserves Wealth? 8:03

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https://cms.zerohedge.com/s3/files/inline-images/bear%20market%20world.png?itok=dwuIa9vp

Charting the Global Economy: Growth Prospects Continue to Dim - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-14/charting-the-global-economy-growth-prospects-continue-to-dim?srnd=premium-canada

World's Richest Family Bet on Munis, Japanese Stocks, Coinbase - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-13/walton-family-investment-firm-bet-on-munis-small-caps-amid-drop?srnd=premium-canada

Bill Gates Sells $940 Million of CN Rail (CNR) Stock, Trimming Stake to 9% - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-13/bill-gates-sells-940-million-of-cn-rail-stock-cuts-stake-to-9?srnd=premium-canada

Diamond Sales 2022: Precious Gems From Russia Banned, Boosting India Trade - Bloomberg

https://www.bloomberg.com/news/features/2022-05-12/luxury-brands-hunt-for-supply-as-russia-sanctions-hit-diamond-giants?sref=6uww027M

Why This Fund Manager Paid $15 Million for a Painting Estimated at $200,000 - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-13/why-this-fund-manager-paid-15-million-for-a-painting-estimated-at-200-000

So Who Bought Andy Warhol’s Marilyn for Nearly $200 Million? | Vanity Fair

https://www.vanityfair.com/style/2022/05/andy-warhol-marilyn-mystery-buyer

‘Lost’ Picasso spotted in Imelda Marcos’s home after son’s election win | Philippines | The Guardian

https://www.theguardian.com/world/2022/may/13/lost-picasso-spotted-in-imelda-marcos-home-after-son-bongbong-election-win

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https://hansenland.ca/wp-content/uploads/2021/06/horses-5716127_1280.jpg

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https://static.onecms.io/wp-content/uploads/sites/20/2020/05/01/pandemic-garden-1.jpg

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https://www.adamslibrary.org/sites/default/files/2021-07/rain%20barrel.jpg

Inside TikTok’s Explosive Growth - by Alex Kantrowitz

https://bigtechnology.substack.com/p/inside-tiktoks-explosive-growth?s=r

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https://imageio.forbes.com/specials-images/dam/imageserve/1201418831/960x0.jpg?fit=bounds&format=jpg&width=960

Highest US Inflation: 10% in Texas Town Hit by Surging Prices - Bloomberg

https://www.bloomberg.com/news/features/2022-05-11/where-is-inflation-highest-in-us-texas-city-hit-hard-by-price-hikes?utm_medium=social&cmpid=socialflow-twitter-business&utm_source=twitter&utm_content=business&utm_campaign=socialflow-organic

The Chinese Devaluation Continues | ZeroHedge

https://www.zerohedge.com/markets/chinese-devaluation-continues

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https://cms.zerohedge.com/s3/files/inline-images/china%20TSF%205.13.22.jpg?itok=G_kGIBsD

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https://cms.zerohedge.com/s3/files/inline-images/tsf%20deceleration.jpg?itok=v4DuYLq4

Dow suffers longest losing streak since 2001 as stocks benchmarks extend weekly losses despite closing sharply higher Friday - MarketWatch

https://www.marketwatch.com/story/u-s-stocks-futures-swing-higher-as-s-p-500-fights-off-bear-market-territory-11652427721

TOPICS AND TIMESTAMPS:

Economy 0:00

Consumers 0:42

Inflation 3:20

China Slowing 6:00

India Bans Wheat 8:27

(1) Alf on Twitter: "For 40+ years, sharp drops in the University of Michigan consumer sentiment index have preceded either recession or sharp slowdowns in economic activity. And this time will not be different: respect the cycle on the way up and on the way down. https://t.co/gpFf8j49G6" / Twitter

https://twitter.com/MacroAlf/status/1525897599584198657

ft_2022.05.12_nationalproblems_01.png (640×966)

https://www.pewresearch.org/wp-content/uploads/2022/05/ft_2022.05.12_nationalproblems_01.png?w=640

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https://cms.zerohedge.com/s3/files/inline-images/unnamed_412.png?itok=fovM4eTL

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https://cms.zerohedge.com/s3/files/inline-images/unnamed%20%281%29_349.png?itok=2yebyxhE

Oil giant Aramco reports record first quarter as oil prices soar

https://www.cnbc.com/2022/05/15/aramco-worlds-largest-company-reports-record-first-quarter-as-oil-prices-soar.html

Record-high gas prices are eating into Americans' spending, JPMorgan says - CNN

https://www.cnn.com/2022/05/13/economy/gas-prices-consumer-spending-jp-morgan/index.html

ERCOT again asks Texans to conserve power after generators fail

https://www.houstonchronicle.com/business/energy/article/ERCOT-again-asks-Texans-to-conserve-power-after-17172054.php#:~:text=May%2013%2C%202022%20Updated%3A%20May,14%2C%202022%2010%3A13%20a.m.&text=Texans%20are%20again%20being%20asked%20to%20scale%20back%20their%20electricity,Electric%20Reliability%20Council%20of%20Texas.

NATO assures Ukraine open-ended military support against Russia

https://news.yahoo.com/fierce-fighting-ukraines-east-eurovision-040818401.html

Goldman’s Blankfein Says US Should Prepare for Recession - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-15/goldman-s-blankfein-says-companies-should-prepare-for-recession?srnd=premium-canada

China Economy Contracts Sharply as Covid Zero Curbs Output - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-16/china-s-economy-contracts-sharply-as-covid-zero-curbs-output?srnd=premium-canada

TOPICS AND TIMESTAMPS:

U.S. Dollar 0:00

It’s Strong 0:39

Sky High Prices 3:23

Oil and Energy 4:06

Russia 5:42

Inflation 8:57

What’s Next? 13:17

Dollar’s Strength Pushes World Economy Deeper Into Slowdown - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-14/dollar-s-strength-pushes-world-economy-deeper-into-slowdown

Egg Prices Surge in US Inflation Data as Bird Flu Wipes Out Hens - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-11/egg-prices-surge-in-us-inflation-data-as-bird-flu-wipes-out-hens?sref=6uww027M

Covid: Rumours of Beijing lockdown spark panic, supply chain fears | news.com.au — Australia’s leading news site

https://www.news.com.au/world/asia/fears-of-supply-chain-chaos-grow-amid-rumours-beijings-first-ever-covid-lockdown-looms/news-story/245294f05f8c18502b78bb43737a4a0d

If you think gas prices are bad, diesel is in its worst crisis since the 1970s and has even raised fears of localized rationing

https://ca.finance.yahoo.com/news/think-gas-prices-bad-diesel-123000201.html

EU Drafts Plan for Buying Russian Gas Without Breaking Sanctions - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-14/eu-drafts-plan-for-buying-russian-gas-without-breaking-sanctions

European Oil Majors Report ‘Exceptional’ Trading Profits | OilPrice.com

https://oilprice.com/Energy/Energy-General/European-Oil-Majors-Report-Exceptional-Trading-Profits.html

Iran Says It Can Double Oil Exports If Market Needs More Barrels - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-14/iran-says-it-can-double-oil-exports-if-market-needs-more-barrels?srnd=premium-canada

TOPICS AND TIMESTAMPS:

Is This the Beginning? 0:00

Recession Is On 0:46

The Battle 3:13

Earth Is Rumbling 6:13

Get Prepared Now 12:06

UK economy shrank by 0.1% in March as cost of living crisis bites – as it happened | Business | The Guardian

https://www.theguardian.com/business/live/2022/may/12/uk-gdp-economy-growth-recession-services-manufacturing-stock-markets-ftse-business-live

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https://cms.zerohedge.com/s3/files/inline-images/2022-05-12_06-06-25.jpg?itok=Im4dWY5j

India blocks all wheat exports with immediate effect

https://www.cnbc.com/2022/05/14/india-blocks-all-wheat-exports-with-immediate-effect.html

Clint Ehrlich on Twitter: ""NATO expansion" is such a powerful euphemism. Would the Senate ratify a brand-new treaty that required America to go to war for Finland & Sweden? Probably not. But the "NATO" label makes it an easy sell!" / Twitter

https://twitter.com/ClintEhrlich/status/1524800611916472321?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1524800611916472321%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Ffinland-will-become-nato-backwater-russia-threatens-military-technical-measures-if-it-joins

Samuel Ramani on Twitter: "Russia's Deputy UN Ambassador Dmitry Polyanskiy threatens Sweden and Finland: "As soon as Finland and Sweden become members of NATO and military units of the alliance are there, these territories will become a possible target for the Russian military"" / Twitter

TOPICS AND TIMESTAMPS:

Markets Pounded 0:00

Why Markets Bounced 2:36

Markets Normalizing? 4:09

Inflation Summation 5:35

Central Bank Crisis 9:01

Americans lament the state of their 401k plans as stock market plunges | Daily Mail Online

https://www.dailymail.co.uk/news/article-10810299/Americans-lament-state-401k-plans-stock-market-plunges.html

Home prices could fall in some cities following sharp increases. : NPR

https://www.npr.org/2022/05/12/1097979009/home-prices-could-fall-in-some-u-s-cities-heres-where-and-why

Wholesale inflation climbs 11% in April, remaining near 40-year high | Fox Business

https://www.foxbusiness.com/economy/wholesale-prices-producer-inflation-april-2022

Fed Chair Powell: Controlling inflation will 'include some pain' - Marketplace

https://www.marketplace.org/2022/05/12/fed-chair-jerome-powell-controlling-inflation-will-include-some-pain/

Maja Wallengren on Twitter: "BREAKING #COFFEE FROST: Intense new cold front starting to move into ALL main 2022 Arabica coffee regions in Brazil THIS week with temp potentially as low as -5 C° from southern Parana, all SM + AM to NW Cerrado + NE Matas in Minas Gerais. R $JO buyers really going to stay short? https://t.co/pPivamLzXc" / Twitter

https://twitter.com/SpillingTheBean/status/1524270909351251968

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https://cms.zerohedge.com/s3/files/inline-images/2022-05-12_12-55-16.jpg?itok=svtEmbxg

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https://cms.zerohedge.com/s3/files/inline-images/2022-05-12_12-37-35.jpg?itok=w5EPNQ6F

TOPICS AND TIMESTAMPS:

Impossible. Or Is It? 0:00

Inflation Hot 0:21

Stocks Not 2:34

Layoffs Pop 4:37

Real Estate Drop 10:45

CPI April 2022: Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs

https://www.cnbc.com/2022/05/11/cpi-april-2022.html

US inflation slowed last month for the first time since August  - CNN

https://www.cnn.com/2022/05/11/business/consumer-price-inflation-april/index.html

Fed’s Raphael Bostic Backs ‘Moving More’ on Rates If Inflation Persists - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-11/fed-s-bostic-backs-moving-more-on-rates-if-inflation-persists?srnd=premium-canada

BlackRock’s Star Trader Goes Short as Hedge Fund Loss Mounts - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-10/blackrock-s-star-trader-goes-net-short-as-hedge-fund-loss-mounts?sref=6uww027M

Layoffs Are Sweeping the US. See Who's Making Cuts

https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2022-5

Stock Turmoil Spreads to Junk Bonds, Hurts Deals - WSJ

https://www.wsj.com/articles/stocks-turmoil-spreads-to-junk-bonds-hurts-deals-11652261581

Coinbase admits users may lose crypto if exchange goes bankrupt | Fortune

https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/

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TOPICS AND TIMESTAMPS:

SandP500 0:00

Why It Flipped 0:34

Inflation Hits 4:46

Market Chaos 9:17

Fed's Waller promises to tackle inflation, says mistakes of the '70s won't be repeated

https://www.cnbc.com/2022/05/10/feds-waller-promises-to-tackle-inflation-says-mistakes-of-the-70s-wont-be-repeated.html

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https://cms.zerohedge.com/s3/files/inline-images/CPI%20yoy%20may%202022.jpg?itok=aSbaC84H

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https://cms.zerohedge.com/s3/files/inline-images/goldman%20inflation%20expectations%2023.jpg?itok=JhQVaWRJ

Food Inflation Hits Taco Prices at Mexican Restuarant Using Price Stickers - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-10/food-inflation-hits-taco-prices-at-mexican-restuarant-using-price-stickers

Skipping meals. Racking up debt. How inflation is squeezing single parents. - CNN

https://www.cnn.com/2022/05/10/economy/single-parent-inflation-economy/index.html

Amazon stock has lost all of its gains from the pandemic

https://www.cnbc.com/2022/05/10/amazon-stock-has-lost-nearly-all-of-its-gains-from-the-pandemic.html

Household debt nears $16 trillion despite rising rates and inflation

https://www.cnbc.com/2022/05/10/household-debt-nears-16-trillion-despite-rising-rates-and-inflation.html

Partners Group (PGHN) to Buy US Rental Homes for Over $1 Billion - Bloomberg