Day: December 25, 2024

TKL: US existing home sales are set to close at 4.04 million in 2024, marking the worst year since 1995.

Sales are set to be even lower than during the 2008 Financial Crisis. The lack of demand for existing homes comes as home prices have jumped over 50% since 2020. Over the same time period, mortgage rates have nearly TRIPLED, making affordability even worse. The average rate on a 30-year mortgage is up 100 basis points since September alone, to 7.1%, despite the Fed cutting rates by 100 basis points. The US housing market is frozen. submitted by /u/XGramatik [link] [comments]

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📊🤓ETH/USD🔥Markets are closed today, so focus on crypto, guys. Ethereum retested a broken trendline and bounced. Buyside liquidity acts as a target for the price, driven by a stop hunt to trigger stop-losses above previous highs and capture liquidity.

📊🤓ETH/USD🔥Markets are closed today, so focus on crypto, guys. Ethereum retested a broken trendline and bounced. Buyside liquidity acts as a target for the price, driven by a stop hunt to trigger stop-losses above previous highs and capture liquidity. submitted by /u/Yuriy_UK [link] [comments]

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“Is Belarus on the Brink of Chaos? The US and the West Are Preparing a Regime Change – Insider Information from Russian Media”

Russian media reports that mass protests in Belarus are being planned for January 24-25, with the activation of so-called “sleeper cells” that could escalate into widespread unrest. The U.S. State Department has allegedly urged American citizens to leave Belarus, citing risks of protests and detentions, while advising against attending mass gatherings or engaging on social media. Training camps for activists, reportedly hosting 3,000 individuals, are said to be operating in Poland, with a total preparation budget of $380 million. Coordination centers in Poland and Lithuania are allegedly managing the operation, supported by 14,000 bots spreading information online. The operation, codenamed “Aurora Switch,” is rumored to be planned for early 2025, following Belarus’s presidential elections on January 26, where Alexander Lukashenko’s expected victory might trigger protests. Without support from Moscow, analysts suggest Lukashenko could face a scenario similar to Bashar al-Assad’s, with protests potentially escalating into an armed conflict. submitted by /u/glira31 [link] [comments]

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India Economy Growth Declined for Three Consequent Quarter, Reaching 5.4% in Jul-Sep Quarter, Lowest Rate in Last Seven Quarters

India economy growth declined for three consequent quarter, reaching 5.4% in Jul-Sep quarter, the lowest rate in last seven quarters since 2023. While services and construction sectors experienced high growth of 7.1% and 7.7%, respectively in one year ended Jul-Sep 2024 quarter, manufacturing, mining, and utilities sectors experienced low growth rate of 2.2%, -0.1%, and 3.3%. https://preview.redd.it/4h7dx58x5z8e1.png?width=900&format=png&auto=webp&s=088588d23609d29b353a949bcd427eb10246203f submitted by /u/Pllover12 [link] [comments]

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Risk appetite is skyrocketing.

There are now a record 48 million options contracts traded per day, on average. This volume has tripled over the last 7 years and has surpassed the 2023 record of 44 million. Furthermore, 0DTE options now reflect ~50% of the total volume. Meanwhile, a record $6.6 trillion worth of equity options expired on Friday, confirming rapidly growing volume. Risk appetite is incredibly strong. https://preview.redd.it/eywb6yaaqz8e1.png?width=848&format=png&auto=webp&s=a75c16a827380101d09e698ead917567f0a3a99f submitted by /u/Pllover12 [link] [comments]

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You don’t have to believe in Father Christmas to know that the Santa Claus rally is real.

Brian Swint, The Barron’s Daily – Gains in this period can be seen as more than a nice year-end bonus. It also sets up the market for the rest of the following year. First observed in the 1970s by Yale Hirsch in his seminal Stock Trader’s Almanac, the Santa Claus rally is usually defined as what happens to the S&P 500 in the last five trading days of December and the first two of January. This year, that means the period from now until Friday, Jan. 3. Just look at the data, which are compelling. Since 1950, the market has risen approximately 80% of the time in the seven-day window. And even though the S&P has already gained more than 25% this year, there’s no reason to think it can’t edge up a little higher now. There are plenty of theories for why this happens. Maybe it’s just good cheer. Maybe it has to do with thin volumes and the fact that institutional investors are taking time off, leaving the trading to retail investors who are more likely to buy than sell. It’s impossible to rule out that there might be a little holiday magic involved, too. Another possibility is the stock market, when left alone, tends to go up. There are very few scheduled events over the next few weeks–weekly jobless figures on both Thursdays and Case-Shiller house prices on New Year’s Eve are the highlights. The Santa rally could just be a reminder of why the stock market isn’t like a casino–when you invest, you’re more likely to win than to lose. There are, of course, still risks. Surprises always have the potential to steal Christmas gains, and an unguarded post from President-elect Donald Trump, or signs of retail gloom in the shopping malls would be all it takes. But as the market settles down for a “long winter’s nap,” investors should have visions of sugar plums dancing in their heads, at least until everyone returns to their desks. submitted by /u/FXgram_ [link] [comments]

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