Animal Spirits: Do Valuations Matter?

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Posted August 9, 2023 by sean

In the present day’s Animal Spirits is dropped at you by YCharts:

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On in the present day’s present, we talk about:

Tropical Bros Shirts:

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Charts:

Tweets:

“The 2m return unfold between [Hedge Fund] VIP shares and Most Shorted shares has reached among the worst ranges within the final 5 years.”

– Goldman Sachs pic.twitter.com/s0uFkP3qNG

— Each day Chartbook (@dailychartbook) August 7, 2023

The common American bank card steadiness is at a report $7,300.

In the meantime, the median family has simply $5,300 in financial savings.

Delinquency charges are up 6 straight quarters, on monitor for the longest streak since 2008.

We’re “combating” inflation with bank cards.

(a thread)

1/7

— The Kobeissi Letter (@KobeissiLetter) August 1, 2023

There’s completely no signal of any surge in sellers.
📍61-62k new single household listings every week
📍No panicky traders, no distressed householders
📍A 12 months in the past is when this development began

In some unspecified time in the future sellers will return to the market and we’ll see it on this knowledge. Proper?!

2/7 pic.twitter.com/YfK1k6RgZM

— Mike Simonsen 🐉 (@mikesimonsen) August 7, 2023

Census in the present day says +2.1 million new households fashioned over the past 12 months.

Ignoring 2020-2021, that is the very best price of family formations since early 2019.

All indicators level to sturdy demand for houses this 12 months. Exceptional given the route of rents & mortgage funds. pic.twitter.com/OAoCvjXPuD

— Eric Finnigan (@EricFinnigan) August 2, 2023

Toyota Sequoia costs have gone parabolic 📈

Up by *20%* to $80,128 from $66,894 in 2022.

This is the craziest half: Customers DGAF.

The Sequoia noticed extra gross sales development in Q2 than *every other* Toyota on the market.

We deserve an asteroid.

(Knowledge by way of Cox Auto) pic.twitter.com/h6PWTI7lXo

— CarDealershipGuy (@GuyDealership) August 2, 2023

Fascinating chart displaying % of residents paying over $1,000/month for his or her automobiles.

Enjoyable reality: Greater than 1 in 5 buyers in Texas and Wyoming dedicated to a month-to-month fee over $1,000/mth in Q2 (pushed by purchases of huge vehicles) pic.twitter.com/gyWtVWmn5C

— CarDealershipGuy (@GuyDealership) August 5, 2023

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