⚠️🇺🇸#stocks #us #analogy #warning
another analogy:

SP500 (present days) vs. SP500 (1929)

❗️#stocks #us #opinion
S&P 500 would have to climb another 25% to reach dot-com-era 'irrational exuberance' — SocGen

🇺🇸#EQC #earningsseason
Equity Commonwealth: quarterly financial results ($, M)

- Price/Earnings ratio (4Y): 15
- Price/FFO (4Y): 35
- FFO/Interest Expense: No debt
- Dividend Yield: 4%
- Buyback Yield: 4%
- Industry: REIT

#watchlist

🇬🇷#DAC #earningsseason
Danaos Corp: quarterly financial results ($, M)

- Price/Earnings (4Y): 2
- Price/FreeCashFlow (4Y): 3
- Dividend Yield: 4%
- Buyback Yield: 4%
- Industry: Marine Transportation

#watchlist

⚠️🇺🇸#NVDA #bubble #analogy
Nvidia looks a lot like Cisco in the final phase of the dot-com bubble

⚠️🇺🇸#stocks #us #bubble #warning
Nobel laureate Robert Shiller has been warning for many years that the U.S. market is overvalued. Yet, despite his warnings, the markets continue to rise. Although his own model for assessing market value, known as the Excess CAPE Yield, suggests that the current American market is cheaper than it was before the dot-com and 2008 crises, indicating that the U.S. stock market still has room to grow.
————————
S&P 500 would have to climb another 25% to reach dot-com-era 'irrational exuberance' — SocGen

🇺🇸#realestate #us #inflation #macro
Bianco Research: US home prices are again advancing faster than inflation.
—————————
the surge in global real estate values has far exceeded the pace of inflation = historically, this has resulted in a significant correction in the real estate market, as property prices typically grow in the long term at the rate of inflation (chart)

🇺🇸#population #us #history
John Burns Research: US has experienced its largest one-year population growth ever, primarily attributed to illegal immigration

🛢#gas
U.S. natural gas prices fall to 30-year low despite record consumption
—————————
#forecast US Department of Energy expects spot gas prices to rise in 2024-2025

EAI: we expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00. We forecast increases in natural gas prices as demand for natural gas grows faster than supply in 2024.

🌎#economy #macro #history
richest countries in the world, from 1800 to today.

⚠️🇺🇸#realestate #us #office #warning
US commercial real estate delinquency rates hit 12-year high.
——————————
сommercial real estate prices in the U.S., with the exception of shopping malls, have plummeted over the past year (chart)

and the price decline may continue (chart)

#ONL #EQC #CIO

⚠️🇺🇸#realestate #banks #us #office #warning
FT: bad commercial real estate loans have overtaken loss reserves at the biggest US banks after a sharp increase in late payments (here) linked to offices, shopping centres and other properties.
—————————
BBG: fears of a systemic credit event are growing among fund managers as alarms sound in property markets around the world