Levi Strauss & Co. stuck with its full-year sales outlook, helped by demand for new denim and women’s clothing, but the jeans maker’s quarterly sales just missed expectations, and it said it expected higher costs from marketing and a change in how it plans to store and ship clothing.
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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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