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Investors have begun to deleverage BofA smells bearish signals from margin debt
Original title: investors have begun to deleverage BofA smells bearish signals from margin debt analysts have found that the Fed is growing its balance sheet at a record pace and bubbles continue to inflate. This paper chooses margin debt as a starting point for research. Margin debt, which refers to the amount of money that individuals and institutions borrow against shares held by them, tracked by the Financial Industry Regulatory Authority, has soared to the highest level since the low point of the COVID-19 epidemic in 2020. Margin debt is a simple indicator of stock market leverage, and when leverage is removed, there will be a turning point in the market. Bank of America Corporation analyst
Blockbuster events and data Forecast of the week from August 2 to August 8: focus on July non-farm interest rate resolutions and two major central bank interest rate resolutions
Original title: blockbuster events and data Prospect for the week from August 2 to August 8: focus on July non-farm and two major central bank interest rate resolutions in the week from August 2 to August 8, the RBA and the Bank of England will release interest rate resolutions. In terms of data, the non-farm payrolls data and unemployment rate for July in the United States for a time in January will be released. Other data that need to be watched include China Caixin PMI, EIA, initial request, US manufacturing and non-manufacturing PMI and so on. Key words on Monday: data released jointly by China's PMI, US PMI, China's National Bureau of Statistics and the Federation of Logistics and Purchasing showed that the official manufacturing purchasing managers' index in June.
Inflation in the United States may be temporary, but the impact of the collapse in disposable income cannot be ignored.
The recent surge in core consumer and producer prices in the United States has masked deep-seated substantive problems in the economy. Inflation-adjusted disposable income is falling significantly. This has the potential to curb spending and pose a major threat to risky assets, especially the stock market. Disposable income is at its lowest level since before the financial crisis, and the boost from fiscal stimulus is fleeting. After the stimulus and subsidies are over, consumers' ability to boost the economy will be greatly reduced by the end of the third quarter. Retail sales figures for June, released on Friday, are likely to send the first signal. As long as inflation continues to rise, whether it is short-lived or not
The decline in US housing sales leads to the scarcity of market stock as a result of the scramble for buyers.
In the most competitive real estate market in American history, sales began to stagnate. The volume of u.s. home transactions fell 1.2% in June from a month earlier, the biggest monthly decline since records began in 2012, according to seasonally adjusted data from Redfin Corp. Inventories are at an all-time low, with an average of 14 days on the market, the fastest ever. Telecommuting, coupled with extremely low mortgage rates, has sent a large number of buyers to the suburbs and affordable cities of the United States. The median house price rose 25% in June from a year earlier to a record $386888. "We entered the premises.
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