Oil futures ended Wednesday with a modest gain, with hopes for a rebound in demand during the summer driving season providing support — even as official U.S. data revealed weekly gains in crude and gasoline supplies, and a decline in gasoline consumption.
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China is panicking:
Last week ALONE, China ETFs saw $2 billion of outflows, marking the largest weekly outflow in history.
Despite deploying pandemic-like stimulus, recent data suggests that China's economy is WORSENING.
Is China entering an economic depression?
(a thread)
BREAKING: Retail investors bought ~$42 million worth of MicroStrategy stock, $MSTR, on Wednesday, marking the largest daily retail buy on record.
This is ~8 TIMES higher than the daily average seen in October.
In total this week retail has bought a MASSIVE ~$87 million of the… https://x.com/i/web/status/1859968078571802745
China is panicking:
Last week ALONE, China ETFs saw $2 billion of outflows, marking the largest weekly outflow in history.
Despite deploying pandemic-like stimulus, recent data suggests that China's economy is WORSENING.
Is China entering an economic depression?
(a thread)
US credit rejection rates are spiking:
The average rejection rate for credit hit 22.9% in October, the most in at least 11 years according to the Fed credit access survey.
Meanwhile, the credit card rejection rate rose to 20%, the highest since 2014.
Credit card limit increase… https://x.com/i/web/status/1859737201078161412
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