Markets

China’s economy is transitioning away from previous growth drivers, UBS analyst Tao Wang wrote. That means Beijing is unlikely to launch the type of stimulus that earlier downturns saw. “Large stimuli cannot address deep-rooted structural issues,” the economist wrote in the Financial Times. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading China’s economy is undergoing a structural transition, so don’t expect a massive stimulus package, analyst says

A rolling recession in the economy has turned into a rolling expansion, according to market veteran Ed Yardeni.He said the resilience of underlying sectors of the economy should help limit stock market downside. “We expect that consumers will have enough purchasing power to keep the economy growing.” Loading Something is loading. Thanks for signing up! Access… Continue reading A rolling recession in the economy is turning into a rolling recovery that should help limit downside in the stock market

China is looking into hidden, unpaid debt across local governments, sources told Bloomberg. Officials have launched nationwide inspections in a sign that Beijing is trying to minimize financial risk. China has more than 3,000 administrative units, with many relying on “local government financing vehicles.” Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading China is trying to dig up hidden, unpaid government bills in an attempt to minimize financial risk

The median home price in the US is around $419,000, or 44% higher than January 2020, Redfin data shows. The real estate group also said there are 39% fewer total homes for sale compared to pre-pandemic. Freddie Mac estimates that the US housing market faces a shortfall of about 3.8 million units of housing.  Loading… Continue reading The housing market is so tight that home prices are 44% higher than before the pandemic

Home prices will fall for a brief period before trending higher, according to Black Knight analyst Andy Walden. That’s because housing stock levels are plunging, recently falling to their lowest level since April 2022. “Even with demand suppressed, I think you’re going to continue to see prices firm up and trend higher,” Walden told CNBC.… Continue reading Brace for a short drop in house prices before dwindling supply drives the market back up, analyst says

An indicator tied to the NYSE just flashed a bullish signal that suggests more upside ahead, according to Fairlead Strategies.The firm highlighted the recent breakout in the Advance-Decline line as breadth begins to improve.”Expansion in breadth should contribute to the sustainability of the uptrend,” Fairlead Strategies said. Loading Something is loading. Thanks for signing up!… Continue reading The stock market just signaled that the ongoing rally is broadening and has more room to run

China’s crude imports from Russia hit an all-time high of 2.29 million barrels per day in May. Shipments were up 15.3% last month compared to the same time last year. Meanwhile, Europe has slashed Russian oil imports by 90% since the war in Ukraine began. Loading Something is loading. Thanks for signing up! Access your… Continue reading China is now importing more Russian oil than ever before – and Europe has almost entirely stopped buying crude from Moscow

A massive debt wall is about to hit Corporate America, Chamath Palihapitiya tweeted. That’s as hundreds of billions worth of debt issued during the pandemic is about to mature. “Expect a bunch of articles about potential corporate bankruptcies starting this fall,” he wrote. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading A massive debt wall is about to hit Corporate America, and equity values will be ‘incinerated,’ Chamath Palihapitiya says