Investment Chronicles Archives - Page 49 of 77 - Porter & Co.

Bitcoin is even scarcer than you probably realize (from Bitcoin_apex via Twitter on August 13)…

Posted onThursday, August 31, 2023Thursday, September 28, 2023AuthorPorter & Co.

This is what drives Bitcoin’s “parabolic” rallies (from Joe Burnett via Twitter on August 14)…

Posted onThursday, August 31, 2023Thursday, September 28, 2023AuthorPorter & Co.

“On-chain” data show 75% of all Bitcoin in circulation is held by long-term holders (LTH). The last time this was the case was in late 2015, when Bitcoin went on to soar nearly 8,000% over the next two years (from Root via Twitter on August 14)…

Posted onThursday, August 31, 2023Thursday, September 28, 2023AuthorPorter & Co.

Several highly reliable signals suggest a recession is imminent. The Institute of Supply Management (ISM) Purchasing Managers Index (PMI) fell to 46 in June. Over the last 70 years, similar levels have indicated the U.S. was already in a recession with very few false positives (from Charlie Bilello via Twitter on July 3)…

Posted onThursday, July 27, 2023Tuesday, August 8, 2023AuthorPorter & Co.

And as Michael Kantro – Chief Investment Strategist at investment bank Piper Sandler – reminds us, every impending recession looks like a “soft landing,” until it doesn’t (from Kantro via Twitter on July 22)…

Posted onThursday, July 27, 2023Tuesday, August 8, 2023AuthorPorter & Co.

The LEI has also now contracted for 15 consecutive months, a streak that has only occurred twice before: during the severe recession of 1973-1974 and the Great Financial Crisis of 2007-2009 (from Liz Ann Sonders via Twitter on July 21)…

Posted onThursday, July 27, 2023Tuesday, August 8, 2023AuthorPorter & Co.

The Federal Reserve’s preferred measure of the U.S. Treasury yield curve has never been this inverted without a severe recession following (from Ian Harnett via Twitter on July 5)…

Posted onThursday, July 27, 2023Tuesday, August 8, 2023AuthorPorter & Co.

The Conference Board’s Leading Economic Index (LEI) – which tracks a basket of indicators whose changes tend to precede changes in the real economy – also declined again in June, bringing its current “peak-to-trough” drawdown to -9.9%. Since 1960, contractions of this magnitude have only occurred when the economy was already in a recession (from Liz Ann Sonders via Twitter on July 21)…

Posted onThursday, July 27, 2023Tuesday, August 8, 2023AuthorPorter & Co.

U.S. households’ net worth is declining sharply for only the second time in 35 years (from Game of Trades via Twitter on July 7)…

Posted onThursday, July 27, 2023Tuesday, August 8, 2023AuthorPorter & Co.

U.S. shale production is set to fall next month for the first time this year (from Reuters via Nasdaq.com on July 17)…

Posted onSunday, July 23, 2023Tuesday, August 8, 2023AuthorPorter & Co.

U.S. shale oil production is set to fall to nearly 9.40 million barrels per day (bpd) in August, which would be the first monthly decline since Dec. 2022, data from the Energy Information Administration showed on Monday. Output from the Permian basin, the top oil producing region in the country, is set to fall to