2026-09-16T11:21:51Z https://njump.me Wolf Street (RSS Feed) https://njump.me/npub1x3qv54aw3f2efdsah60kcfqu839qavz8nlddtqxyv5567es65qmsqu9auk https://wolfstreet.com/favicon.ico https://wolfstreet.com/favicon.ico https://njump.me/nevent1qqs9q3cw7k6cvf0tv8n7854kczzyhkph7f9yf3sza8f0qu6eneqqqlgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwcx9ggp US Government Sold $743 Billion of Treasury Securities this Week, 30-Year Yield at 5.06% on Inflation, Lax Fed, Supply Fears<br/><br/>Lots of new supply: Treasury debt of notes and bonds outstanding ballooned by $70 billion this week.<br/><br/><a href="https://wolfstreet.com/2026/07/10/us-government-sold-743-billion-of-treasury-securities-this-week-30-year-treasury-yield-at-5-06-on-fears-of-inflation-lax-fed-new-supply/">https://wolfstreet.com/2026/07/10/us-government-sold-743-billion-of-treasury-securities-this-week-30-year-treasury-yield-at-5-06-on-fears-of-inflation-lax-fed-new-supply/</a> 2026-07-11T01:58:29Z https://njump.me/nevent1qqs2ekftupf3kmemmzvqr2hxejq89ecgy2a8psc75hyqg9y7qscas6czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwu5xs4s Gasoline Price Spike Triggered Massive Price Surge of Used EVs as Auto Dealers Bid them up at Auctions<br/><br/>The wholesale price index for used EVs hits $31,156, now 61% higher than for ICE vehicles. Consumers are splurging to buy used EVs.<br/><br/><a href="https://wolfstreet.com/2026/07/10/gasoline-price-spike-triggered-massive-price-surge-of-used-evs-as-auto-dealers-bid-them-up-at-auctions/">https://wolfstreet.com/2026/07/10/gasoline-price-spike-triggered-massive-price-surge-of-used-evs-as-auto-dealers-bid-them-up-at-auctions/</a> 2026-07-10T20:28:55Z https://njump.me/nevent1qqswc08fv3n2wussgvvchgjfrcu2cc0c9hrvj2usdf0fn2hvs6f2yvgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwjxtu8j The US, Largest Crude Oil Producer in the World, Produced 42% More than Saudi Arabia and 37% More than Russia in 2025<br/><br/>The strategic and economic importance for the US of US oil &amp; gas production cannot be overemphasized. Canada is #4.<br/><br/><a href="https://wolfstreet.com/2026/07/09/the-us-largest-crude-oil-producer-in-the-world-produced-42-more-than-saudi-arabia-and-37-more-than-russia-in-2025/">https://wolfstreet.com/2026/07/09/the-us-largest-crude-oil-producer-in-the-world-produced-42-more-than-saudi-arabia-and-37-more-than-russia-in-2025/</a> 2026-07-10T01:50:47Z https://njump.me/nevent1qqswrjv6cffg3haj3dh4xqvr2zudxplxmsc4gntraln7q78ed7w92ggzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwghrd29 Supply of Existing Single-Family Homes Jumps to 10-Year High, Condo Supply to 14-Year High. Sales Slip Deeper into Deep Freeze. Mortgage Rates Rise to 6.49%<br/><br/>Spring selling season was a dud. But mortgage rates are not high; inflation is high.<br/><br/><a href="https://wolfstreet.com/2026/07/09/supply-of-existing-single-family-homes-jumps-to-10-year-high-condo-supply-to-14-year-high-sales-slip-deeper-into-deep-freeze-mortgage-rates-rise-to-6-49/">https://wolfstreet.com/2026/07/09/supply-of-existing-single-family-homes-jumps-to-10-year-high-condo-supply-to-14-year-high-sales-slip-deeper-into-deep-freeze-mortgage-rates-rise-to-6-49/</a> 2026-07-09T17:59:36Z https://njump.me/nevent1qqsfw09hapf36wylqxzfffyp4qyvkj7s56fzgjyg4k76dyutyzmmtlczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwzerpu0 AI Dominated the Fed’s Meeting as Driver of “Persistent Inflationary Pressures” &amp; Demand Growth<br/><br/>The AI investment mania has begun to percolate through the economy, and the Fed has begun to fret about the effects.<br/><br/><a href="https://wolfstreet.com/2026/07/08/ai-dominated-the-feds-meeting-as-driver-of-persistent-inflationary-pressures-demand-growth/">https://wolfstreet.com/2026/07/08/ai-dominated-the-feds-meeting-as-driver-of-persistent-inflationary-pressures-demand-growth/</a> 2026-07-08T22:02:33Z https://njump.me/nevent1qqs9p3etq5374xn68w3sq7wvmedq24rkvncqjephqnvmgjlpmtfv4pgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw0uqfqc QT plus Rate Hikes: ECB Sheds €149 billion of QE Assets in Q2, -52% since mid-2022, Marks Gold Down by €160 Billion<br/><br/>The Fed’s anti-QT faction needs to take a look: The ECB has shed €3.70 trillion ($4.22 trillion) of its QE assets, nearly double the Fed’s QT, and nothing bad has happened.<br/><br/><a href="https://wolfstreet.com/2026/07/08/qt-plus-rate-hikes-ecb-sheds-e149-billion-of-qe-assets-in-q2-52-since-mid-2022-marks-gold-down-by-e160-billion/">https://wolfstreet.com/2026/07/08/qt-plus-rate-hikes-ecb-sheds-e149-billion-of-qe-assets-in-q2-52-since-mid-2022-marks-gold-down-by-e160-billion/</a> 2026-07-08T16:04:20Z https://njump.me/nevent1qqsdpfc5ywlgtkzpz6uv5dfr4le2p22wenx3s5r7asmec0pk86xjl9gzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwkze7gu Consumer “Inflation Expectations” Throw the Fed another Curveball<br/><br/>The Fed watches inflation expectations closely. It wants them to remain “anchored.” But consumer inflation expectations have become unanchored.<br/><br/><a href="https://wolfstreet.com/2026/07/07/consumer-inflation-expectations-throw-the-fed-another-curveball/">https://wolfstreet.com/2026/07/07/consumer-inflation-expectations-throw-the-fed-another-curveball/</a> 2026-07-07T18:48:46Z https://njump.me/nevent1qqszhr3z0lfu673hwz2ec3qqn6nzcqxuu0sqwwldy45he2tkwc3du9czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwls7ddy Home Prices in the Largest Countries of Europe in Q1 2026, from Splendid Housing Bubbles to a Market that’s Back to 2010<br/><br/>Prices for Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czechia, Finland, Portugal, Slovakia, Hungary, Bulgaria.<br/><br/><a href="https://wolfstreet.com/2026/07/06/home-prices-in-the-largest-countries-of-europe-in-q1-2026-from-splendid-housing-bubbles-to-a-market-thats-back-to-2010/">https://wolfstreet.com/2026/07/06/home-prices-in-the-largest-countries-of-europe-in-q1-2026-from-splendid-housing-bubbles-to-a-market-thats-back-to-2010/</a> 2026-07-07T03:42:10Z https://njump.me/nevent1qqsgy880yl0ly8t5px9cvz5lgyrdx5aptnkygxnj4j0q88vkzyfmnlszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw5m7g3d My Take on the Zero-Sum New-Vehicle Market in the US: Decades of Stagnation &amp; Decline Interrupted by Steep Plunges<br/><br/>But not all automakers are losers in this tough market.<br/><br/><a href="https://wolfstreet.com/2026/07/06/my-take-on-the-zero-sum-new-vehicle-market-in-the-us-decades-of-stagnation-decline-interrupted-by-steep-plunges/">https://wolfstreet.com/2026/07/06/my-take-on-the-zero-sum-new-vehicle-market-in-the-us-decades-of-stagnation-decline-interrupted-by-steep-plunges/</a> 2026-07-06T18:49:25Z https://njump.me/nevent1qqsq47vhupyqzjg9xsc27jygg74en6l4v2l4ckvhm396y4lueey20lgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwjxlvkp Six-Month Treasury Yield Rises to 4%: Bond Market Tells the Fed to Get on with the Rate Hikes<br/><br/>Even banks are raising the yields on their brokered CDs to 4% and over. The coming rate hikes are getting real for investors.<br/><br/><a href="https://wolfstreet.com/2026/07/04/six-month-treasury-yield-rises-to-4-bond-market-tells-the-fed-to-get-on-with-the-rate-hikes/">https://wolfstreet.com/2026/07/04/six-month-treasury-yield-rises-to-4-bond-market-tells-the-fed-to-get-on-with-the-rate-hikes/</a> 2026-07-05T01:01:23Z https://njump.me/nevent1qqs9sqzsxq0unhc98j43rt6eprg67rzyyczk9hm6g536xazjq843tvgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw94zp9y QT instead of Rate Hikes to Put a Floor under Plunging Yen: Bank of Japan Sheds 15.6% of its Massive Assets<br/><br/>Late to the QT game, it’s even selling its equity holdings outright. Nothing on its balance sheet is sacred.<br/><br/><a href="https://wolfstreet.com/2026/07/03/qt-instead-of-rate-hikes-to-put-a-floor-under-plunging-yen-bank-of-japan-sheds-15-6-of-its-massive-assets/">https://wolfstreet.com/2026/07/03/qt-instead-of-rate-hikes-to-put-a-floor-under-plunging-yen-bank-of-japan-sheds-15-6-of-its-massive-assets/</a> 2026-07-03T22:20:15Z https://njump.me/nevent1qqsy3qt3rvqs054j066p5k88lnvxs6kl4uqgy062fzv0pkekamj255gzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwhg2xh3 Labor Market Tightens despite Tepid Job Growth as Labor Force Declines further amid Crackdown on Illegal Immigration<br/><br/>A highly unusual labor market for the US, marked by a shrinking supply of labor.<br/><br/><a href="https://wolfstreet.com/2026/07/02/labor-market-tightens-despite-tepid-job-growth-as-labor-force-declines-further-amid-crackdown-on-illegal-immigration/">https://wolfstreet.com/2026/07/02/labor-market-tightens-despite-tepid-job-growth-as-labor-force-declines-further-amid-crackdown-on-illegal-immigration/</a> 2026-07-02T19:29:18Z https://njump.me/nevent1qqswpavw2r9h3vxdng4tarp8plz9x6refca0prp82ge956dx76p5pngzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw5l4ylv Tesla’s Deliveries Spike 25% in Q2, despite End of Federal EV Incentives, as Gasoline Prices Soared. Shares Plunge<br/><br/>But forget the Model S and X, and the Cybertruck.<br/><br/><a href="https://wolfstreet.com/2026/07/02/teslas-deliveries-spike-25-in-q2-despite-end-of-federal-ev-incentives-as-gasoline-prices-soared-shares-plunge/">https://wolfstreet.com/2026/07/02/teslas-deliveries-spike-25-in-q2-despite-end-of-federal-ev-incentives-as-gasoline-prices-soared-shares-plunge/</a> 2026-07-02T16:10:48Z https://njump.me/nevent1qqsxaeh9e9uqzl4ce0qqfuqpylrxnt4zpfaa7j5p0y73gp6l470mhrszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwfvax7s Unwinding the “Lock-in Effect” Suddenly Stalls as Homeowners Stopped Paying Off Below-3% Mortgages<br/><br/>Those ultra-low mortgages wrecked the housing market, but homeowners had nevertheless been paying them off steadily – until now.<br/><br/><a href="https://wolfstreet.com/2026/07/01/unwinding-the-lock-in-effect-suddenly-stalls-as-homeowners-stopped-paying-off-below-3-mortgages/">https://wolfstreet.com/2026/07/01/unwinding-the-lock-in-effect-suddenly-stalls-as-homeowners-stopped-paying-off-below-3-mortgages/</a> 2026-07-01T20:30:41Z https://njump.me/nevent1qqs8v6g747l3xl2t6jtyd3tlx875zkaamkvwnzxpczurl5ay88n55lczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw4e2k2w Yen Craters to 4-Decade Low, JGB Yields at 3-Decade Highs: Monetary Policy Mess Comes Home to Roost<br/><br/>The collapse of a currency is nothing to be trifled with. But the BOJ&#39;s pussyfooted rate hikes &amp; QT are too little too late.<br/><br/><a href="https://wolfstreet.com/2026/07/01/yen-craters-to-4-decade-low-jgb-yields-at-3-decade-highs-monetary-policy-mess-comes-home-to-roost/">https://wolfstreet.com/2026/07/01/yen-craters-to-4-decade-low-jgb-yields-at-3-decade-highs-monetary-policy-mess-comes-home-to-roost/</a> 2026-07-01T14:55:15Z https://njump.me/nevent1qqs9k7we7qnzplt5sejhcyhq6q5w6m2e48njtru0due4eenkf04k4kgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwgl462e Inflation &amp; Nominal Economic Growth to the Rescue: The US Government’s Ugly Fiscal Mess<br/><br/>US Government interest payments, tax receipts, tariffs, average interest rate on the debt, and Debt-to-GDP ratio in Q1 2026.<br/><br/><a href="https://wolfstreet.com/2026/06/30/inflation-nominal-economic-growth-to-the-rescue-the-us-governments-ugly-fiscal-mess/">https://wolfstreet.com/2026/06/30/inflation-nominal-economic-growth-to-the-rescue-the-us-governments-ugly-fiscal-mess/</a> 2026-06-30T06:52:30Z https://njump.me/nevent1qqs9yy7766yya8rd5p8gg9k6qc4jcgx24yle659txkkjed68urpcwwczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwtchdn5 Inflation in “Core Services” Surges, plus AI’s Impact on Electricity &amp; Goods: Inflation beyond Gasoline<br/><br/>The 6-Month &#34;core services&#34; PCE price index jumped 4.2% annualized, pushed the 6-month core PCE to 4.1%, worst since June 2023.<br/><br/><a href="https://wolfstreet.com/2026/06/25/inflation-in-core-services-surges-plus-ais-impact-on-electricity-goods-inflation-beyond-gasoline/">https://wolfstreet.com/2026/06/25/inflation-in-core-services-surges-plus-ais-impact-on-electricity-goods-inflation-beyond-gasoline/</a> 2026-06-25T21:32:34Z https://njump.me/nevent1qqs8f9kmtfqa8tnpxpc63sjhjyacv5ezt8q0faq9rh7l9xne74zddkqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwy3hsy3 Out Hiking in Europe. Shop (Partially) Closed through June<br/><br/>I’ll have sporadic access to the internet and will read the comments; if I turn into a night owl, I might write an article.<br/><br/><a href="https://wolfstreet.com/2026/06/20/out-hiking-in-europe-shop-partially-closed-through-june/">https://wolfstreet.com/2026/06/20/out-hiking-in-europe-shop-partially-closed-through-june/</a> 2026-06-20T17:13:57Z https://njump.me/nevent1qqsprd9jkq0cl5nqxrnhk6qqularsuzkkhyxk3gqc92jf543keprhvszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srweul2yn US Government Sold $518 Billion of Treasury Securities this Week. 6-Month to 2-Year Treasury Yields Spike on Warsh’s “Regime Change” at the Fed<br/><br/>The 1-year Treasury yield spiked by 16 basis points, to 4.0%, highest since July, three rate cuts ago, as the bond market now expects multiple rate hikes.<br/><br/><a href="https://wolfstreet.com/2026/06/19/us-government-sold-518-billion-of-treasury-securities-this-week-6-month-to-2-year-treasury-yields-spike-on-warshs-regime-change-at-the-fed/">https://wolfstreet.com/2026/06/19/us-government-sold-518-billion-of-treasury-securities-this-week-6-month-to-2-year-treasury-yields-spike-on-warshs-regime-change-at-the-fed/</a> 2026-06-19T13:25:56Z https://njump.me/nevent1qqsy3cmmulewxs50aw2s7r3un4r3cf9zjmat5nyens8lp9xtjvqsphgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwdsjdqg “Regime Change” at the Fed: Fed Chair Warsh Makes the First Moves<br/><br/>Everything is up for review. “There’s a taskforce for that,” he said. Dot plot, possibly the last one, turns hawkish.<br/><br/><a href="https://wolfstreet.com/2026/06/17/regime-change-at-the-fed-fed-chair-warsh-makes-the-first-moves/">https://wolfstreet.com/2026/06/17/regime-change-at-the-fed-fed-chair-warsh-makes-the-first-moves/</a> 2026-06-17T19:17:53Z https://njump.me/nevent1qqswjx5afyq3vq9cv3q5an5uatph6828ahr5ah9tl8r7zjukz5fdsrszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwcmpg2d The Most Splendid Housing Bubbles in America: Price Drops &amp; Gains in 33 Big Expensive Cities, May 2026<br/><br/>Home prices fell from peaks in prior years in 28 of the 33 cities, led by Austin -27% and Oakland -26%, while AI mania in San Francisco trickled down from “mansion shortage” to mid-tier.<br/><br/><a href="https://wolfstreet.com/2026/06/16/the-most-splendid-housing-bubbles-in-america-price-drops-gains-in-33-big-expensive-cities-may-2026/">https://wolfstreet.com/2026/06/16/the-most-splendid-housing-bubbles-in-america-price-drops-gains-in-33-big-expensive-cities-may-2026/</a> 2026-06-16T20:57:34Z https://njump.me/nevent1qqsx8zrx38x4lyqum09asp7skhrvgs2kw3awl39gaj4d05l6saudrkszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwyccma5 Government Uses Strategic Petroleum Reserve as Cudgel to Beat Down Oil-Price Mania: Worked for Second Time<br/><br/>A new role for the SPR. It wasn’t designed for that.<br/><br/><a href="https://wolfstreet.com/2026/06/15/government-uses-strategic-petroleum-reserve-as-cudgel-to-beat-down-oil-price-mania-worked-for-second-time/">https://wolfstreet.com/2026/06/15/government-uses-strategic-petroleum-reserve-as-cudgel-to-beat-down-oil-price-mania-worked-for-second-time/</a> 2026-06-15T20:15:10Z https://njump.me/nevent1qqsx82sex4as6v6gmds2ta5kvf58vpeq5g7j3f07rlf6p5ek7ganzpszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw0p74pl US Government Sold $646 billion of Treasury Securities this Week. 2nd Wave of Inflation Approaches 10-Year Treasury Yield<br/><br/>How the long-term Treasury debt grows: Treasury notes &amp; bonds outstanding rose on net by $59 billion this week.<br/><br/><a href="https://wolfstreet.com/2026/06/13/us-government-sold-646-billion-of-treasury-securities-this-week-2nd-wave-of-inflation-of-approaches-10-year-treasury-yield/">https://wolfstreet.com/2026/06/13/us-government-sold-646-billion-of-treasury-securities-this-week-2nd-wave-of-inflation-of-approaches-10-year-treasury-yield/</a> 2026-06-13T22:48:38Z https://njump.me/nevent1qqspcpczxdhst4emedfenynagsltc3a320e7pvpqtjf02gq4pp53h2czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srww2d986 Money-Market Funds &amp; CDs: Americans and their Piles of Interest-Earning Cash as “Real” Yields Turn Negative<br/><br/>Inflation surged past these yields, though they&#39;ve started to rise again. Households nevertheless poured more money into them.<br/><br/><a href="https://wolfstreet.com/2026/06/12/money-market-funds-cds-americans-and-their-piles-of-interest-earning-cash-as-real-yields-turn-negative/">https://wolfstreet.com/2026/06/12/money-market-funds-cds-americans-and-their-piles-of-interest-earning-cash-as-real-yields-turn-negative/</a> 2026-06-12T21:31:07Z https://njump.me/nevent1qqsvy4z9dfw0qfaexhl8xjw82nm5k60d6lkc9q3azwsl90j2qq3cmsszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srws5rtvc What Homebuilder Lennar Said about the Tough Housing Market: Average Sales Price Down 24% from Peak, back to 2017<br/><br/>Cut the price, and they will buy. Dealing with the affordability crisis. Sales volume is up, but shares have plunged by nearly 50%.<br/><br/><a href="https://wolfstreet.com/2026/06/11/what-homebuilder-lennar-said-about-the-tough-housing-market-average-sales-price-down-24-from-peak-back-to-2017/">https://wolfstreet.com/2026/06/11/what-homebuilder-lennar-said-about-the-tough-housing-market-average-sales-price-down-24-from-peak-back-to-2017/</a> 2026-06-12T01:16:29Z https://njump.me/nevent1qqs889n4px49ed9ru9w3gmadkp5prcqp7jzlnjxkfk79vltdl2yau0czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw045xp9 Producer Price Inflation beyond Energy: 6-Month Services PPI, “Core” Goods PPI &amp; “Core” PPI Blow by 6%, Worst since 2022<br/><br/>The surge in energy costs is bad, but there&#39;s a lot of inflation from other sources.<br/><br/><a href="https://wolfstreet.com/2026/06/11/producer-price-inflation-beyond-energy-6-month-services-ppi-core-goods-ppi-and-core-ppi-all-blow-by-6-worst-since-mid-2022/">https://wolfstreet.com/2026/06/11/producer-price-inflation-beyond-energy-6-month-services-ppi-core-goods-ppi-and-core-ppi-all-blow-by-6-worst-since-mid-2022/</a> 2026-06-11T18:18:03Z https://njump.me/nevent1qqstw20dvl23halltjan56cc6jqu9lfur3l907q7wqnf9vrkvr7pjqgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwztzf2j Supply of Existing Single-Family Homes at 10-Year High, Condo Supply at 12-Year High, Sales still in Freezer<br/><br/>Compared to May 2019, sales were down the most in the West (-32%) and Northeast (-31%), less so in the South (-15%) and Midwest (-17%).<br/><br/><a href="https://wolfstreet.com/2026/06/09/supply-of-existing-single-family-homes-at-10-year-high-condo-supply-at-12-year-high-sales-still-in-freezer/">https://wolfstreet.com/2026/06/09/supply-of-existing-single-family-homes-at-10-year-high-condo-supply-at-12-year-high-sales-still-in-freezer/</a> 2026-06-09T19:30:03Z https://njump.me/nevent1qqs92jsqkzr39mq8zcsg4m8fwq3ut8ctmz6ju3ls646hfgt2evtr3qgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwr2duz2 As Home Sellers Grapple with Reality, Listing Prices Fall by Most in at Least a Decade<br/><br/>But each market dances to a different drummer, and declines have been far bigger in many markets.<br/><br/><a href="https://wolfstreet.com/2026/06/08/as-home-sellers-grapple-with-reality-listing-prices-fall-by-most-in-at-least-a-decade/">https://wolfstreet.com/2026/06/08/as-home-sellers-grapple-with-reality-listing-prices-fall-by-most-in-at-least-a-decade/</a> 2026-06-08T20:48:43Z https://njump.me/nevent1qqsq7tf8drmnfkwd4pt8n56uwe2c3samd53wqgnzl5cgdyndm5pmfsqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw9cf60v Semiconductor Stocks Roll Over, Micron &amp; Broadcom Tank 20% in 2 Days, Drag Rest of Market Along<br/><br/>We’re looking for culprits.<br/><br/><a href="https://wolfstreet.com/2026/06/05/semiconductor-stocks-roll-over-micron-broadcom-tank-20-in-2-days-drag-rest-of-market-along/">https://wolfstreet.com/2026/06/05/semiconductor-stocks-roll-over-micron-broadcom-tank-20-in-2-days-drag-rest-of-market-along/</a> 2026-06-05T22:20:02Z https://njump.me/nevent1qqstn359yvmp0pgpzk4zfpztm3renlapmn9azm65rfjnskhnszsggsszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwxfy2xv Job Growth Trend Turns Around Decidedly after Weakening for Years, while Immigration Crackdown Caps Supply of Labor<br/><br/>Some industries hired, others cut jobs: we zoom out with charts by major industry categories.<br/><br/><a href="https://wolfstreet.com/2026/06/05/job-growth-trend-turns-around-decidedly-after-weakening-for-years-while-immigration-crackdown-caps-supply-of-labor/">https://wolfstreet.com/2026/06/05/job-growth-trend-turns-around-decidedly-after-weakening-for-years-while-immigration-crackdown-caps-supply-of-labor/</a> 2026-06-05T17:27:27Z https://njump.me/nevent1qqsd0scgsvkjlzcjwxdp0m0pwuj8jeuhpxwgsnkmhsfr37eez349vmgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srww0sd4q Who Needs Bitcoin &amp; Cryptos (-50%) amid the Semiconductor &amp; Miracle IPO Mania?<br/><br/>Rotating from mania to mania?<br/><br/><a href="https://wolfstreet.com/2026/06/04/who-needs-bitcoin-cryptos-50-amid-the-semiconductor-miracle-ipo-mania/">https://wolfstreet.com/2026/06/04/who-needs-bitcoin-cryptos-50-amid-the-semiconductor-miracle-ipo-mania/</a> 2026-06-04T20:18:32Z https://njump.me/nevent1qqsd5hjawl6ys4fdlxxgaucmtrfypxzlclu6mcgnnl70l35knkm200qzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw4x26ez AI Investment Boom Sucks Up Hoarded Cash from Stock Market Investors &amp; Companies, Sprays it into the Real Economy<br/><br/>It could break the stock market. But it’ll stimulate the economy. Just don’t expect inflation to cool on its own.<br/><br/><a href="https://wolfstreet.com/2026/06/03/ai-investment-boom-sucks-up-hoarded-cash-from-stock-market-investors-companies-sprays-it-into-the-real-economy/">https://wolfstreet.com/2026/06/03/ai-investment-boom-sucks-up-hoarded-cash-from-stock-market-investors-companies-sprays-it-into-the-real-economy/</a> 2026-06-04T02:00:08Z https://njump.me/nevent1qqszdj05zutkrkafn7z3g5mr4e8k0rlm9antf6yhuq9ukxk88lmdhtczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwgnw58e Housing Market’s Crucial “Spring Selling Season” Winds Down with a Whimper. So Maybe Next Year?<br/><br/>But mortgage rates are not high historically, and “real” mortgage rates, amid resurging inflation, are relatively low.<br/><br/><a href="https://wolfstreet.com/2026/06/03/housing-markets-crucial-spring-selling-season-winds-down-with-a-whimper-so-maybe-next-year/">https://wolfstreet.com/2026/06/03/housing-markets-crucial-spring-selling-season-winds-down-with-a-whimper-so-maybe-next-year/</a> 2026-06-03T17:34:46Z https://njump.me/nevent1qqs0cvxs0epd6z0z93qax2vv2fmyklefz2cly68c8pz05f62n2fxqgszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwzghkqr And More Data Showing a Weirdly Decent Labor Market<br/><br/>But this dynamic makes it harder for young people to find a job.<br/><br/><a href="https://wolfstreet.com/2026/06/02/and-more-data-showing-a-weirdly-decent-labor-market/">https://wolfstreet.com/2026/06/02/and-more-data-showing-a-weirdly-decent-labor-market/</a> 2026-06-02T17:26:12Z https://njump.me/nevent1qqszms2w5yvw67svdavsz30qke0x6yhsjx5v9zlvcuvh79jkpg6yl7szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwhvle4g As Prices Spike, Manufacturing Expands at Fastest Rate in 4 Years, Orders Surge, Supplier Deliveries Slow<br/><br/>Amid improved automation and efficiencies, production rises, but employment doesn’t, or only a little.<br/><br/><a href="https://wolfstreet.com/2026/06/01/as-prices-spike-manufacturing-expands-at-fastest-rate-in-4-years-orders-surge-supplier-deliveries-slow/">https://wolfstreet.com/2026/06/01/as-prices-spike-manufacturing-expands-at-fastest-rate-in-4-years-orders-surge-supplier-deliveries-slow/</a> 2026-06-01T22:14:52Z https://njump.me/nevent1qqswc0e6gjsvu8p97y9ng7xpvtma5kjle2urg7hqhyv7ep780980suczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw5yevvg US Government Sold $742 billion of Treasury Securities last Week. T-bill Yields now Below Surging Inflation. Bond Market Bets on Rate Hikes<br/><br/>The Fed is behind the curve, the bond market is saying, and it’s going to hike belatedly starting later this year, whether it wants to or not.<br/><br/><a href="https://wolfstreet.com/2026/05/31/us-government-sold-742-billion-of-treasury-securities-last-week-t-bill-yields-now-below-surging-inflation-bond-market-bets-on-rate-hikes/">https://wolfstreet.com/2026/05/31/us-government-sold-742-billion-of-treasury-securities-last-week-t-bill-yields-now-below-surging-inflation-bond-market-bets-on-rate-hikes/</a> 2026-05-31T19:09:35Z https://njump.me/nevent1qqs9dju9604ahxu3ssqsvt942txzqdfwm8adaj45354y3nvxctz8wsczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwagum37 The Magnitude of the Numbers Is just Mindboggling: 12 U.S. Companies, $30 Trillion<br/><br/>But if they pop: There are only so many trillions that can vanish from portfolios before it triggers a recession.<br/><br/><a href="https://wolfstreet.com/2026/05/29/the-magnitude-of-the-numbers-is-just-mindboggling-12-companies-30-trillion/">https://wolfstreet.com/2026/05/29/the-magnitude-of-the-numbers-is-just-mindboggling-12-companies-30-trillion/</a> 2026-05-30T01:18:34Z https://njump.me/nevent1qqs8l6aqxlk505h809rznsq0wa857n9x80nf9nqzwsdjh5r73sgu5fgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srww4z0vr PCE Inflation Surges Further Away from Fed’s Target, now Nearly Double the Fed’s Target, and 5+ Years above Target<br/><br/>Trend reversal started a year ago. Services inflation stuck at high rate for a year. Now prices of food, energy, computers &amp; software (inflationary AI boom), and gold jewelry (gold price spike) all surged.<br/><br/><a href="https://wolfstreet.com/2026/05/28/pce-inflation-surges-further-away-from-feds-target-now-nearly-double-the-feds-target-and-over-5-years-above-target/">https://wolfstreet.com/2026/05/28/pce-inflation-surges-further-away-from-feds-target-now-nearly-double-the-feds-target-and-over-5-years-above-target/</a> 2026-05-28T18:35:52Z https://njump.me/nevent1qqsr689tl58t5ejhf7xp40ygkll43wh0y6yvam29w2f08rpng4uujwczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwsnfqn0 Oh Dear, Condo Prices already Dropped by 15% to 33% in 24 Bigger Markets, Some Back to Where They’d Been 20 Years Ago<br/><br/>Plus, in another 44 bigger cities, condo prices dropped by 7% to 14% so far, as the mindboggling Condo Bubble comes unglued.<br/><br/><a href="https://wolfstreet.com/2026/05/25/oh-dear-condo-prices-already-dropped-by-15-to-33-in-24-bigger-markets-some-back-to-where-theyd-been-20-years-ago/">https://wolfstreet.com/2026/05/25/oh-dear-condo-prices-already-dropped-by-15-to-33-in-24-bigger-markets-some-back-to-where-theyd-been-20-years-ago/</a> 2026-05-25T06:57:27Z https://njump.me/nevent1qqswv9gfl7cd0dtygunfly5szee7z4sace5dvr8gp39928l4nlsxdpszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwjdeqau 10-Year TIPS v. 10-Year Treasury Securities: Bond Market Has Long Been Delusional about Actual CPI Inflation<br/><br/>There&#39;s no indication the bond market is better now in figuring future inflation; its expectation of 2.4% annual CPI over 10 years seems woefully low.<br/><br/><a href="https://wolfstreet.com/2026/05/24/10-year-tips-v-10-year-treasury-securities-bond-market-has-long-been-delusional-about-actual-cpi-inflation/">https://wolfstreet.com/2026/05/24/10-year-tips-v-10-year-treasury-securities-bond-market-has-long-been-delusional-about-actual-cpi-inflation/</a> 2026-05-24T07:15:16Z https://njump.me/nevent1qqsdpgzl8phnel30nf6g0eudfh8ggxvw5pgfc7ug3pkwvgsp8hj8ctszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwfl7zg9 Prices of Single-Family Homes already Down 10% to 26% in these 15 Bigger Cities: Every Market is Different<br/><br/>San Francisco &amp; Portland came off the list. Fort Worth &amp; Aurora (CO) come on the list.<br/><br/><a href="https://wolfstreet.com/2026/05/22/prices-of-single-family-homes-already-down-10-to-26-in-these-15-bigger-cities-every-market-is-different/">https://wolfstreet.com/2026/05/22/prices-of-single-family-homes-already-down-10-to-26-in-these-15-bigger-cities-every-market-is-different/</a> 2026-05-22T07:44:43Z https://njump.me/nevent1qqs9c4a2n6hrxtshclnyw6j9y9rzayhld320zu3kxsj369wvls5tnmgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwj0prw8 Credit Card Delinquencies, Balances, Debt-to-Income, Credit Limits, and Collections in Q1 2026: Americans and their Revolving Credit<br/><br/>The free-money hangover is getting worked off.<br/><br/><a href="https://wolfstreet.com/2026/05/20/credit-card-delinquencies-balances-debt-to-income-credit-limits-and-collections-in-q1-2026-americans-and-their-revolving-credit/">https://wolfstreet.com/2026/05/20/credit-card-delinquencies-balances-debt-to-income-credit-limits-and-collections-in-q1-2026-americans-and-their-revolving-credit/</a> 2026-05-21T00:43:39Z https://njump.me/nevent1qqsdsj0p7v7kgqjjmx6mckhm7xh0d7q22yqa6sruspn562hqwffzr3czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwdr8at8 Bond Bloodbath Worsens on Inflation, Lax Fed, and Flood of New Debt. Mortgage Rates hit 6.75%<br/><br/>Ugly trifecta that spooks the bond market. To soothe bond yields and mortgage rates, the Fed needs to hike, not “look through” inflation.<br/><br/><a href="https://wolfstreet.com/2026/05/20/bond-bloodbath-worsens-on-inflation-lax-fed-and-flood-of-new-debt-mortgage-rates-hit-6-75/">https://wolfstreet.com/2026/05/20/bond-bloodbath-worsens-on-inflation-lax-fed-and-flood-of-new-debt-mortgage-rates-hit-6-75/</a> 2026-05-20T06:22:27Z https://njump.me/nevent1qqspt9wr90dfmnpvgquj7633wcx8ftzg7827awxn88g8urw2venttgqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwuew3gl Auto Loan Balances, Debt-to-Income Ratio, and Delinquencies of Subprime &amp; Prime Auto Loans in Q1 2026. How Bad Is it?<br/><br/>Several subprime-specialized dealer-lender chains collapsed, and shares of America&#39;s Auto Mart imploded. Subprime lending is not for the squeamish. But it’s only a small part of auto finance.<br/><br/><a href="https://wolfstreet.com/2026/05/19/auto-loan-balances-debt-to-income-ratio-and-delinquencies-of-subprime-prime-auto-loans-in-q1-2026-how-bad-is-it/">https://wolfstreet.com/2026/05/19/auto-loan-balances-debt-to-income-ratio-and-delinquencies-of-subprime-prime-auto-loans-in-q1-2026-how-bad-is-it/</a> 2026-05-19T07:22:18Z https://njump.me/nevent1qqsvpuc8snchr8n47wdw27secc4k4err5x9cfpcguxhe7xkfz470xxczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwwyqqf2 Food Inflation in America by Product: It Boils down to a Sharp Acceleration on Top of Already Very High Prices<br/><br/>Ground beef, steak, chicken, fruit &amp; veggies, coffee, dairy, eggs, other foods, and total.<br/><br/><a href="https://wolfstreet.com/2026/05/18/food-inflation-in-america-by-product-it-boils-down-to-a-sharp-re-acceleration-on-top-of-already-very-high-prices/">https://wolfstreet.com/2026/05/18/food-inflation-in-america-by-product-it-boils-down-to-a-sharp-re-acceleration-on-top-of-already-very-high-prices/</a> 2026-05-18T08:04:33Z https://njump.me/nevent1qqsxk9crhg8mj94ys3lktnces7sw6nfgytqxmwp7law608uqdj28s0szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwfpvjcd The Most Splendid Housing Bubbles in America: Price Drops &amp; Gains in 33 Big Expensive Cities, April 2026<br/><br/>Home prices fell year-over-year in 25 of the 33 big expensive cities in April, a bunch set multi-year lows, led by Oakland &amp; Austin, down by 26% from 2022. Two set new highs.<br/><br/><a href="https://wolfstreet.com/2026/05/16/the-most-splendid-housing-bubbles-in-america-price-drops-gains-in-33-big-expensive-cities-april-2026/">https://wolfstreet.com/2026/05/16/the-most-splendid-housing-bubbles-in-america-price-drops-gains-in-33-big-expensive-cities-april-2026/</a> 2026-05-17T04:17:47Z https://njump.me/nevent1qqsrnefsvqu58qsp5kp9z8djklwzusrvu2fydk3kra2tmvugaysn89szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw4zfdqq US Government Sold $691 Billion of Treasury Securities this Week, 10-Year Yield Spikes to 4.6%, 30-Year Yield to 5.12% as 2nd Wave of Inflation Takes Off<br/><br/>The Fed is “behind the curve,” and the bond market is getting very nervous.<br/><br/><a href="https://wolfstreet.com/2026/05/15/us-government-sold-691-billion-of-treasury-securities-this-week-10-year-yield-spikes-to-4-6-30-year-yield-to-5-12-as-2nd-wave-of-inflation-takes-off/">https://wolfstreet.com/2026/05/15/us-government-sold-691-billion-of-treasury-securities-this-week-10-year-yield-spikes-to-4-6-30-year-yield-to-5-12-as-2nd-wave-of-inflation-takes-off/</a> 2026-05-16T02:54:47Z https://njump.me/nevent1qqs22edc265d6a4f7hzz7j55kh4vm6te7cvxm9e7medv9xxqvpx7ykszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw6llezm Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q1 2026<br/><br/>Mortgage balances barely ticked up, but HELOCs soared.<br/><br/><a href="https://wolfstreet.com/2026/05/14/here-come-the-helocs-mortgages-housing-debt-to-income-ratio-serious-delinquencies-and-foreclosures-in-q1-2026/">https://wolfstreet.com/2026/05/14/here-come-the-helocs-mortgages-housing-debt-to-income-ratio-serious-delinquencies-and-foreclosures-in-q1-2026/</a> 2026-05-15T04:52:52Z https://njump.me/nevent1qqsdrvylf34yhaj8tkgvnzh3tkpcvph38tey303ewpd9l4ad0aar4zszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwtkt5cu Producer Price Inflation Explodes as the Services PPI Blows Out on Top of the Energy Price Spike<br/><br/>This is a massive amount of inflation that companies are passing on to each other through much of the economy.<br/><br/><a href="https://wolfstreet.com/2026/05/13/producer-price-inflation-explodes-as-the-services-ppi-blows-out-on-top-of-the-energy-price-spike/">https://wolfstreet.com/2026/05/13/producer-price-inflation-explodes-as-the-services-ppi-blows-out-on-top-of-the-energy-price-spike/</a> 2026-05-13T14:12:44Z https://njump.me/nevent1qqs9yklqnqpdvj4ll6fvs9r7ahez43k24n92zaq03xqwgpv3f2x6pkczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwzhvtl0 Household Debts, Debt-to-Income Ratio, Serious Delinquencies, Foreclosures, Collections &amp; Bankruptcies in Q1 2026<br/><br/>Americans and their Debts: Student loans that suddenly have to be repaid again fueled overall delinquency rates.<br/><br/><a href="https://wolfstreet.com/2026/05/12/household-debts-debt-to-income-ratio-serious-delinquencies-foreclosures-collections-bankruptcies-in-q1-2026/">https://wolfstreet.com/2026/05/12/household-debts-debt-to-income-ratio-serious-delinquencies-foreclosures-collections-bankruptcies-in-q1-2026/</a> 2026-05-13T02:31:36Z https://njump.me/nevent1qqsvcuz45zl740ae28vwp37qf252uc6mfnha735qlf6quhrxw7z7srqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw7x8uuy CPI Inflation Blows Past Fed Rates as Core Services, Gasoline, Electricity, and Food Spike. Fed’s “Real” Rates Are now Negative<br/><br/>The Bureau of Labor Statistics finally corrected part of the CPI distortions in September, October, and November.<br/><br/><a href="https://wolfstreet.com/2026/05/12/cpi-inflation-blows-past-fed-rates-as-core-services-gasoline-electricity-and-food-spike-feds-real-rates-are-now-negative/">https://wolfstreet.com/2026/05/12/cpi-inflation-blows-past-fed-rates-as-core-services-gasoline-electricity-and-food-spike-feds-real-rates-are-now-negative/</a> 2026-05-12T18:05:31Z https://njump.me/nevent1qqsz8egusx4tg92fv46dyx75d038c7axgcpymj6dqdp45s3vfa6a93czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwrr2z6q Supply of Existing Single-Family Homes Rises to Highest in 10 Years, Condo Supply Highest since 2012, Sales in Deepfreeze<br/><br/>April was another bad dud for spring selling season as supply continued to pile up.<br/><br/><a href="https://wolfstreet.com/2026/05/11/supply-of-existing-single-family-homes-rises-to-highest-in-10-years-condo-supply-highest-since-2012-sales-in-deepfreeze/">https://wolfstreet.com/2026/05/11/supply-of-existing-single-family-homes-rises-to-highest-in-10-years-condo-supply-highest-since-2012-sales-in-deepfreeze/</a> 2026-05-11T19:27:29Z https://njump.me/nevent1qqsy0cpeq7p220vrzkla8gx4s3990d5stzen7muaxvvqelgaactnv3szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw7d4mvw Housing Bubble &amp; Bust #1 and #2 as Seen through Employment at Mortgage Lenders and Mortgage Brokers<br/><br/>Nonbank mortgage lenders shed 40% of their jobs this time, and loan brokers 38%. They react to demand, which collapsed.<br/><br/><a href="https://wolfstreet.com/2026/05/08/housing-bubble-bust-1-and-2-as-seen-through-employment-at-mortgage-lenders-and-mortgage-brokers/">https://wolfstreet.com/2026/05/08/housing-bubble-bust-1-and-2-as-seen-through-employment-at-mortgage-lenders-and-mortgage-brokers/</a> 2026-05-09T02:01:05Z https://njump.me/nevent1qqs8ykqslykc0e853pzg20krm5aacnlqawtzlfgf80as4pvmxe57j6qzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwzx8p5v Weirdest U.S. Labor Market I’ve Ever Seen: Supply of Labor Shrinks Further while Private-Sector Jobs Grow<br/><br/>Federal government sheds more jobs, now down to 1968 levels. This labor market isn’t bad, just weird.<br/><br/><a href="https://wolfstreet.com/2026/05/08/weirdest-u-s-labor-market-ive-ever-seen-supply-of-labor-shrinks-further-while-private-sector-jobs-grow/">https://wolfstreet.com/2026/05/08/weirdest-u-s-labor-market-ive-ever-seen-supply-of-labor-shrinks-further-while-private-sector-jobs-grow/</a> 2026-05-08T16:33:22Z https://njump.me/nevent1qqs0urngy4gjc5qs5456rlrfg0g6fp2dtwsmunqgh4f52z973g8e7kqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwfhgftl Prices of Used EVs Spike, from already Lofty Levels, as Gasoline Prices Spike. But Electricity Prices also Soared<br/><br/>High gasoline prices tilt operating costs in favor of EVs. But soaring electricity prices eat into that math.<br/><br/><a href="https://wolfstreet.com/2026/05/07/prices-of-used-evs-spike-from-already-lofty-levels-as-gasoline-prices-spike-but-electricity-prices-also-soared/">https://wolfstreet.com/2026/05/07/prices-of-used-evs-spike-from-already-lofty-levels-as-gasoline-prices-spike-but-electricity-prices-also-soared/</a> 2026-05-08T00:46:15Z https://njump.me/nevent1qqsq68mcycgr3046aphww7xctqsg6aujnh3nlerjct84qxc4279tutgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwdwadpc Construction Spending on Data Centers, Factories, Chip Plants, Powerplants, Office Buildings: Boom one End, Bust the Other<br/><br/>AI investment mania and the second wave of semiconductor plants.<br/><br/><a href="https://wolfstreet.com/2026/05/07/construction-spending-on-data-centers-factories-chip-plants-powerplants-office-buildings-boom-at-one-end-bust-at-the-other/">https://wolfstreet.com/2026/05/07/construction-spending-on-data-centers-factories-chip-plants-powerplants-office-buildings-boom-at-one-end-bust-at-the-other/</a> 2026-05-07T19:31:55Z https://njump.me/nevent1qqs8xzlrqgp0y4xwy9e7ykh3gp6r50jxce0awglgr8a2zzcnmlm0c3czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwdn4p6j Housing Market’s Crucial “Spring Selling Season” Is in Tatters<br/><br/>For the 4th year in a row: Normal-ish mortgage rates, too-high prices, and the &#34;lock-in effect&#34; from the Fed’s reckless interest-rate repression.<br/><br/><a href="https://wolfstreet.com/2026/05/06/housing-markets-crucial-spring-selling-season-is-in-tatters/">https://wolfstreet.com/2026/05/06/housing-markets-crucial-spring-selling-season-is-in-tatters/</a> 2026-05-06T17:55:48Z https://njump.me/nevent1qqsxur8cksvrnplr5yhepxh2mf05xfp9d7ut0gl6stqywvyz3krrtdszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwmketdw New Single-Family Home Prices Drop Further amid Inventory Glut. But Lower Prices Beget Higher Sales<br/><br/>Inventory in the South still sky-high, up 60% from March 2019. But homebuilders understand what it takes: lower prices and big incentives.<br/><br/><a href="https://wolfstreet.com/2026/05/05/new-single-family-home-prices-drop-further-amid-inventory-glut-but-lower-prices-beget-higher-sales/">https://wolfstreet.com/2026/05/05/new-single-family-home-prices-drop-further-amid-inventory-glut-but-lower-prices-beget-higher-sales/</a> 2026-05-05T19:24:07Z https://njump.me/nevent1qqszf29mum93qsxtl6w5pry3m5ewxv59wnt0fdxmd7xak8dn26cwtdszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw7td8gt Bond Market on Edge: Treasury Yields Spike, 30-Year to 5.03%, Mortgage Rates to 6.52%, as Gulf War Reheats<br/><br/>Which raises a question: How many more Fed rate cuts would it take in this inflationary era to drive the 30-year Treasury yield to 6%?<br/><br/><a href="https://wolfstreet.com/2026/05/04/bond-market-on-edge-treasury-yields-spike-30-year-to-5-03-mortgage-rates-to-6-52-as-gulf-war-reheats/">https://wolfstreet.com/2026/05/04/bond-market-on-edge-treasury-yields-spike-30-year-to-5-03-mortgage-rates-to-6-52-as-gulf-war-reheats/</a> 2026-05-04T18:42:11Z https://njump.me/nevent1qqsxkqj9npkwt9mtcuempk4lwap8ycyy22utdtmtlm2wsjylyhpds7qzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwcng7pf The US Government sold $723 billion of Treasury Securities this Week. Inflation Jumped and Met T-bill Yields<br/><br/>30-year Treasury yield looks like it’s setting up to break out past 5%. A rate cut while inflation is heating up could do it.<br/><br/><a href="https://wolfstreet.com/2026/05/03/the-us-government-sold-723-billion-of-treasury-securities-this-week-inflation-jumped-and-met-t-bill-yields/">https://wolfstreet.com/2026/05/03/the-us-government-sold-723-billion-of-treasury-securities-this-week-inflation-jumped-and-met-t-bill-yields/</a> 2026-05-03T05:05:36Z https://njump.me/nevent1qqs950t7pryn2zaavx755ehggfnucgm0ctlvkqzxy92gqyrl9fhf79szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwxmx8wd Inflation in the Entire US economy Is Rocking and Rolling, and It’s Not Just Energy<br/><br/>The 6-month core services PCE inflation index, accelerating since August, hit 3.7% annualized. Chip prices and software wreak havoc amid consumer electronics.<br/><br/><a href="https://wolfstreet.com/2026/04/30/inflation-in-the-entire-us-economy-is-rocking-and-rolling-and-its-not-just-energy/">https://wolfstreet.com/2026/04/30/inflation-in-the-entire-us-economy-is-rocking-and-rolling-and-its-not-just-energy/</a> 2026-04-30T21:51:23Z https://njump.me/nevent1qqspq2t43x3ss4deesz0f3xy3j0xtw2fm7x3cx9fj6tda3f884f3knqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwzez5j7 Without Government Spending &amp; Trade, GDP Rose by 2.5% in Q1, Boosted by AI Investments<br/><br/>Consumer Spending Was OK-ish. Federal government spending spiked back partially after collapsing during the shutdown. Trade worsened.<br/><br/><a href="https://wolfstreet.com/2026/04/30/without-government-spending-trade-gdp-rose-by-2-5-in-q1-boosted-by-ai-investments/">https://wolfstreet.com/2026/04/30/without-government-spending-trade-gdp-rose-by-2-5-in-q1-boosted-by-ai-investments/</a> 2026-04-30T17:06:39Z https://njump.me/nevent1qqsfhyd4ygh50cw0yn8vz0ft9klmw2u0jnw8sxsn6yn5qp2crrecplczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwvc54y7 Regime Change: Powell, Chair of Mega-QE &amp; “Ample Reserves Regime,” to Be Replaced by Warsh, who Wants a Smaller Balance Sheet<br/><br/>But Powell said he’d stay on as governor until “the investigation is well and truly over,” and promised “to keep a low profile” and support the new chair.<br/><br/><a href="https://wolfstreet.com/2026/04/29/regime-change-powell-chair-of-mega-qe-ample-reserves-regime-to-be-replaced-by-warsh-who-wants-a-smaller-balance-sheet/">https://wolfstreet.com/2026/04/29/regime-change-powell-chair-of-mega-qe-ample-reserves-regime-to-be-replaced-by-warsh-who-wants-a-smaller-balance-sheet/</a> 2026-04-29T22:07:29Z https://njump.me/nevent1qqs98k3x8kgjh5j4m3yeunj2fjyjtex20w2n7hy9zzd78k3k9gmslagzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwjqrne0 This Fed Meeting Must Have Been a Hoot. Fed Holds Rates amid 4 Dissents, most since 1992: 1 Dovish, 3 Hawkish<br/><br/>“Inflation is elevated, in part reflecting the recent increase in global energy prices.” In part. And in part for other reasons.<br/><br/><a href="https://wolfstreet.com/2026/04/29/this-fed-meeting-must-have-been-a-hoot-fed-holds-rates-amid-4-dissents-most-since-1992-1-dovish-3-hawkish/">https://wolfstreet.com/2026/04/29/this-fed-meeting-must-have-been-a-hoot-fed-holds-rates-amid-4-dissents-most-since-1992-1-dovish-3-hawkish/</a> 2026-04-29T18:31:38Z https://njump.me/nevent1qqs8ware64sxw76fpfgr0qe2spc6ryk72t4szcpx7f43nkp5a54xcyszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwqj2mzh Housing Unit Growth Far Outruns Population Growth: Vacant Units on the Market and the “Accidental Landlords”<br/><br/>These dynamics are now moving in the right direction.<br/><br/><a href="https://wolfstreet.com/2026/04/28/housing-unit-growth-far-outruns-population-growth-vacant-units-on-the-market-and-the-accidental-landlords/">https://wolfstreet.com/2026/04/28/housing-unit-growth-far-outruns-population-growth-vacant-units-on-the-market-and-the-accidental-landlords/</a> 2026-04-28T21:42:42Z https://njump.me/nevent1qqsdt0d5us9n7h7ucvs20taywd4wukmfc8nhv2z6vreacuq543x0r8szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwyjpcy5 Two More Imploded Real-Estate Brokerage Stocks Tie the Knot: REMAX -85% from Peak, Real Brokerage -70%<br/><br/>Been brutal for real-estate stocks plunging from overhyped or meme-stock valuations amid thick losses, lots of debt, and a frozen housing market: Compass, Redfin, Anywhere Real Estate, eXp, and Douglas Elliman.<br/><br/><a href="https://wolfstreet.com/2026/04/27/two-more-imploded-real-estate-brokerage-stocks-tie-the-knot-remax-85-from-peak-real-brokerage-70/">https://wolfstreet.com/2026/04/27/two-more-imploded-real-estate-brokerage-stocks-tie-the-knot-remax-85-from-peak-real-brokerage-70/</a> 2026-04-27T22:47:25Z https://njump.me/nevent1qqsxda9lren86jel96295ljc7058sz5zz933764lxpqp7y28pwk046czyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwktlt2l THANK YOU 💖 for Your Wonderful Support of WOLF STREET!!! If You Missed the Spring Reminder: Please Donate<br/><br/>Your wonderful support is what keeps Wolf Street open to all, without paywall, to reach the largest possible audience.<br/><br/><a href="https://wolfstreet.com/2026/04/27/thank-you-%f0%9f%92%96-for-your-wonderful-support-of-wolf-street-if-you-missed-the-spring-reminder-please-donate/">https://wolfstreet.com/2026/04/27/thank-you-%f0%9f%92%96-for-your-wonderful-support-of-wolf-street-if-you-missed-the-spring-reminder-please-donate/</a> 2026-04-27T14:29:28Z https://njump.me/nevent1qqswpt8c2gwhh5qufm9y7jkrtflvdtg4dkamg5hz6ajwrnrfczgc63qzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwfgvc3j US Government Sold $524 Billion of Treasury Securities this Week. Inflation to Surpass T-Bill Yields. Brutal Bond Math<br/><br/>The effects of Tax Day. The 10-Year Treasury yield rose to 4.31%, 30-Year Treasury yield to 4.91%.<br/><br/><a href="https://wolfstreet.com/2026/04/25/us-government-sold-524-billion-of-treasury-securities-this-week-inflation-on-track-to-surpass-t-bill-yields-brutal-bond-math/">https://wolfstreet.com/2026/04/25/us-government-sold-524-billion-of-treasury-securities-this-week-inflation-on-track-to-surpass-t-bill-yields-brutal-bond-math/</a> 2026-04-25T15:48:50Z https://njump.me/nevent1qqspm2xe5ak7m0mlr5jnkuyse6l5shmllldm7d7pk390xeee6njry9szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwdjn8yj Senate Confirmation of Warsh, who Wants to Reduce the Fed’s Balance Sheet, Gets Unstuck as DOJ Ends Powell Investigation<br/><br/>Even during the Senate hearings, Warsh stuck to his guns: the Fed should have a smaller balance sheet.<br/><br/><a href="https://wolfstreet.com/2026/04/24/senate-confirmation-of-warsh-who-wants-to-reduce-the-feds-balance-sheet-gets-unstuck-as-doj-ends-powell-investigation/">https://wolfstreet.com/2026/04/24/senate-confirmation-of-warsh-who-wants-to-reduce-the-feds-balance-sheet-gets-unstuck-as-doj-ends-powell-investigation/</a> 2026-04-24T17:09:33Z https://njump.me/nevent1qqsy8z6x2wkw2jal3659zprhyg3308g7e8ynwlp7k542fprftxdu2dszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwy2xe5t Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours<br/><br/>“Stairs up, express elevator down” as hedge funds sock it to each other.<br/><br/><a href="https://wolfstreet.com/2026/04/23/hedge-fund-meme-stock-short-squeeze-queen-avis-budget-car-implodes-by-72-in-26-hours/">https://wolfstreet.com/2026/04/23/hedge-fund-meme-stock-short-squeeze-queen-avis-budget-car-implodes-by-72-in-26-hours/</a> 2026-04-23T16:06:20Z https://njump.me/nevent1qqs9u4hrmfxmrsqxqd7mhxltvw5hmfd5khheyrjx4w3pnqanzqyqzaszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwxgn6gx RTO Languishes Despite Efforts to Force it to Happen, only Minuscule Reduction in WFH since Early 2023<br/><br/>The share of “full paid days worked from home” has been declining by only about 1 percentage point per year.<br/><br/><a href="https://wolfstreet.com/2026/04/22/rto-languishes-despite-efforts-to-force-it-to-happen-only-minuscule-reduction-in-wfh-since-early-2023/">https://wolfstreet.com/2026/04/22/rto-languishes-despite-efforts-to-force-it-to-happen-only-minuscule-reduction-in-wfh-since-early-2023/</a> 2026-04-22T20:15:47Z https://njump.me/nevent1qqsg3lxmz9cutpke734tp9ysyh0uuz5ta5rau0fa2q8ygp8uxlkyt7szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw2756lw As Gasoline Prices Spiked, Did Americans Scrimp at Other Retailers to Buy Gas? Nope, not Americans. Born to Splurge<br/><br/>Even without gas stations, retail sales jumped, powered by ecommerce, auto dealers, general merchandise stores, and other retailers.<br/><br/><a href="https://wolfstreet.com/2026/04/21/as-gasoline-prices-spiked-did-americans-scrimp-at-other-retailers-to-buy-gas-nope-not-americans-born-to-splurge/">https://wolfstreet.com/2026/04/21/as-gasoline-prices-spiked-did-americans-scrimp-at-other-retailers-to-buy-gas-nope-not-americans-born-to-splurge/</a> 2026-04-21T21:55:40Z https://njump.me/nevent1qqsd5ezt035new0y5cuuzevqx96jezju3dlqpm2v29hyn5jpacm5rvszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw2ysaa8 Pending Home Sales Still in the Deepfreeze, Drop in the West &amp; Midwest, Tick up in the South &amp; Northeast<br/><br/>Down by 35% from 2021, by 30% from 2019, and by 31% from 2018. The housing market is in the 4th year of this relentless mess.<br/><br/><a href="https://wolfstreet.com/2026/04/21/pending-home-sales-still-in-the-deepfreeze-drop-in-the-west-midwest-tick-up-in-the-south-northeast/">https://wolfstreet.com/2026/04/21/pending-home-sales-still-in-the-deepfreeze-drop-in-the-west-midwest-tick-up-in-the-south-northeast/</a> 2026-04-21T16:17:58Z https://njump.me/nevent1qqsx9xlaq2p75fsyem04wary6se4crs7yvc4de5nwas8wartzxn3mhqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwfpvfkx Condo Prices Dropped by 12% to 31% in 31 Bigger Markets. Some Are where They’d Been 20 Years ago, such as Oakland<br/><br/>Condos face some special challenges. Oakland (-31%), St. Petersburg, FL (-28%), Austin (-26%) … the names pile up.<br/><br/><a href="https://wolfstreet.com/2026/04/20/condo-prices-dropped-by-12-to-31-in-31-bigger-markets-some-are-where-theyd-been-20-years-ago-such-as-oakland/">https://wolfstreet.com/2026/04/20/condo-prices-dropped-by-12-to-31-in-31-bigger-markets-some-are-where-theyd-been-20-years-ago-such-as-oakland/</a> 2026-04-20T23:40:29Z https://njump.me/nevent1qqsd5f4w9apkyqak3e7mhgeym287s5gnrxxpy33l2xqmp4a289ydxzgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwaa66pd Nasdaq up by 60% since Liberation Day Selloff and by 100% in 3 Years. People Are Just Having Fun<br/><br/>While the Nasdaq gained 100%, the economy grew by 15% not adjusted for inflation. Who needs cryptos when stocks are so much fun.<br/><br/><a href="https://wolfstreet.com/2026/04/17/nasdaq-up-by-60-since-liberation-day-selloff-and-by-100-in-3-years-people-are-just-having-fun/">https://wolfstreet.com/2026/04/17/nasdaq-up-by-60-since-liberation-day-selloff-and-by-100-in-3-years-people-are-just-having-fun/</a> 2026-04-18T00:37:24Z https://njump.me/nevent1qqs2v783vx6gx8rp6lkw5zpdgazjyukkt37jl04wwrenqkuaeyase4szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwx6q5en The Most Splendid Housing Bubbles in America: Price Drops &amp; Gains in 33 Big Expensive Cities, March 2026<br/><br/>From the “Mansion Shortage” in AI-bubble-epicenter San Francisco infecting mid-tier home prices, to Austin &amp; Oakland where prices plunged over 25% since 2022.<br/><br/><a href="https://wolfstreet.com/2026/04/16/the-most-splendid-housing-bubbles-in-america-price-drops-gains-in-33-big-expensive-cities-march-2026/">https://wolfstreet.com/2026/04/16/the-most-splendid-housing-bubbles-in-america-price-drops-gains-in-33-big-expensive-cities-march-2026/</a> 2026-04-17T01:44:06Z https://njump.me/nevent1qqswzcjphfxtzs2zxzznk4q6wu46nldz6gmazjchmd75zf47lrwkk4qzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwh68lnc The Largest Foreign Holders of US Treasury Securities and the “Basis Trade”: April 2026 Update<br/><br/>Foreign demand for the ballooning US Treasury debt is an increasingly important issue. But how much of that demand is actually “foreign?”<br/><br/><a href="https://wolfstreet.com/2026/04/15/the-largest-foreign-holders-of-us-treasury-securities-and-the-basis-trade-april-2026-update/">https://wolfstreet.com/2026/04/15/the-largest-foreign-holders-of-us-treasury-securities-and-the-basis-trade-april-2026-update/</a> 2026-04-16T01:58:10Z https://njump.me/nevent1qqsftameckzxyhaw33kzzlemxw04vrte65lxps6luqe539w3p4r7pvczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw7qs5ac Car &amp; Truck Inflation in America: Cost of Vehicle Ownership Soared by 36% since 2020<br/><br/>Prices of new &amp; used vehicles, insurance, gasoline, maintenance &amp; repairs, parts &amp; accessories, and fees.<br/><br/><a href="https://wolfstreet.com/2026/04/14/car-truck-inflation-in-america-cost-of-vehicle-ownership-soared-by-36-since-2020/">https://wolfstreet.com/2026/04/14/car-truck-inflation-in-america-cost-of-vehicle-ownership-soared-by-36-since-2020/</a> 2026-04-15T02:22:13Z https://njump.me/nevent1qqszl5397ttvslcejj7kzwtxnt2vdr7d4m56eqkvyvgahf36tp9cspczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwnlrzr5 PPI Jumps by over 6% Month-to-Month Annualized for 3rd Month in a Row. Energy Price Spike just Latest Wrinkle<br/><br/>The hit from energy in March was softened as food and services briefly backed off. In prior months, services were the driver.<br/><br/><a href="https://wolfstreet.com/2026/04/14/ppi-jumps-by-over-6-month-to-month-annualized-for-3rd-month-in-a-row-energy-price-spike-just-latest-wrinkle/">https://wolfstreet.com/2026/04/14/ppi-jumps-by-over-6-month-to-month-annualized-for-3rd-month-in-a-row-energy-price-spike-just-latest-wrinkle/</a> 2026-04-14T18:56:27Z https://njump.me/nevent1qqszps5gusfa46c35suwe93nyyvnwzcdv6l7vf6anfu57f0wy7szn6szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw93y0qw Single-Family Home Sales Drop Further into Deepfreeze, Supply Hits 10-Year High, Condo Sales Plunge to Record Low<br/><br/>March was a lousy beginning of spring selling season. But mortgage rates ticked up only modestly.<br/><br/><a href="https://wolfstreet.com/2026/04/13/single-family-home-sales-drop-further-into-deepfreeze-supply-hits-10-year-high-condo-sales-plunge-to-record-low/">https://wolfstreet.com/2026/04/13/single-family-home-sales-drop-further-into-deepfreeze-supply-hits-10-year-high-condo-sales-plunge-to-record-low/</a> 2026-04-13T18:27:34Z https://njump.me/nevent1qqst6sc9unw4upkla5pyspyz52mhp9t3jtsjdv235hcfffrmsj8fzgczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw9cyvu6 Dear Readers, Please Donate to WOLF STREET: Spring 2026 Reminder<br/><br/>Your generous support over the years has kept WOLF STREET free and open to all, without paywall. Thank you!!<br/><br/><a href="https://wolfstreet.com/2026/04/11/dear-readers-please-donate-to-wolf-street-spring-2026-reminder/">https://wolfstreet.com/2026/04/11/dear-readers-please-donate-to-wolf-street-spring-2026-reminder/</a> 2026-04-11T21:53:59Z https://njump.me/nevent1qqsgp6jtwdj8v3jux8w4ax0ke9x28gprz89rj93sg0ugdkr22cg00sqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwmwduxp US Government Sold $620 Billion of Treasury Securities this Week. 10-Year Yield Ends at 4.31%, 30-Year Yield at 4.91%<br/><br/>Those yields look too low for what’s coming at the bond market: The next wave of Inflation and a Fed that&#39;s comfortable with 3%+ core PCE inflation.<br/><br/><a href="https://wolfstreet.com/2026/04/11/us-government-sold-620-billion-of-treasury-securities-this-week-10-year-yield-ends-at-4-31-30-year-yield-at-4-91/">https://wolfstreet.com/2026/04/11/us-government-sold-620-billion-of-treasury-securities-this-week-10-year-yield-ends-at-4-31-30-year-yield-at-4-91/</a> 2026-04-11T05:47:12Z https://njump.me/nevent1qqsdvkfej0rtmks8ee3h8jmwkzrvtyqka6rxetzjwp8qjwpsynqsxfczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwp2yq34 First Wave of Energy Price Spikes Hit CPI Inflation<br/><br/>Energy that Americans pay for directly: Gasoline, propane, fuel oil, other fuels, utility natural gas, and electricity.<br/><br/><a href="https://wolfstreet.com/2026/04/10/first-wave-of-energy-price-spikes-hit-cpi-inflation/">https://wolfstreet.com/2026/04/10/first-wave-of-energy-price-spikes-hit-cpi-inflation/</a> 2026-04-10T18:29:38Z https://njump.me/nevent1qqsrta7rhjtgaf9tka0a0wf5scmrdctxe92e96rxtf2rkwvgdjenjuqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwte8ekd US Government Interest Payments, Tax Receipts, Average Interest Rate on the Debt, and Debt-to-GDP Ratio in Q4 2025<br/><br/>It’s ugly, but slightly less ugly.<br/><br/><a href="https://wolfstreet.com/2026/04/09/us-government-interest-payments-tax-receipts-average-interest-rate-on-the-debt-and-debt-to-gdp-ratio-in-q4-2025/">https://wolfstreet.com/2026/04/09/us-government-interest-payments-tax-receipts-average-interest-rate-on-the-debt-and-debt-to-gdp-ratio-in-q4-2025/</a> 2026-04-10T03:52:34Z https://njump.me/nevent1qqst04fksdz9k7kvzwfc436unmrvauy2nnclq0jrlfkcjttg4rnd6dczyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw7umu05 The Once Uber-Dovish ECB Continues QT, Shed €66 Billion in March, Has now Shed 50% of QE Assets since Peak<br/><br/>Marking its gold to market every quarter (unlike the Fed), the ECB booked another big write-up of its gold holdings in Q1.<br/><br/><a href="https://wolfstreet.com/2026/04/09/the-once-uber-dovish-ecb-continues-qt-shed-e66-billion-in-march-has-now-shed-50-of-qe-assets-since-peak/">https://wolfstreet.com/2026/04/09/the-once-uber-dovish-ecb-continues-qt-shed-e66-billion-in-march-has-now-shed-50-of-qe-assets-since-peak/</a> 2026-04-09T21:53:21Z https://njump.me/nevent1qqswh5mda6a9vus9xujqsxhvq9vwas8kg3rnpcr2m37m6e7n4vllueqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw3gjpra Six-Month Core PCE Inflation (still before Iran War) Jumps by Most since June 2024. The Fed Needs to Pay Attention<br/><br/>“Market-Based Core PCE price index,” which excludes the imputed housing components, spiked by the most since February 2023.<br/><br/><a href="https://wolfstreet.com/2026/04/09/six-month-core-pce-inflation-still-before-iran-war-jumps-by-most-since-june-2024-the-fed-needs-to-pay-attention/">https://wolfstreet.com/2026/04/09/six-month-core-pce-inflation-still-before-iran-war-jumps-by-most-since-june-2024-the-fed-needs-to-pay-attention/</a> 2026-04-09T17:06:17Z https://njump.me/nevent1qqswrvkv8093nt7hxuf7mlcn0nwnapwfxhvg77p9srck40vpxgvg50szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srww307g9 Home Prices in the Largest European Countries Range from Housing Bubbles to a Market that Fell back to 2010<br/><br/>Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal, Slovakia, Hungary, Bulgaria.<br/><br/><a href="https://wolfstreet.com/2026/04/08/home-prices-in-the-largest-european-countries-range-from-housing-bubbles-to-a-market-that-fell-back-to-2010/">https://wolfstreet.com/2026/04/08/home-prices-in-the-largest-european-countries-range-from-housing-bubbles-to-a-market-that-fell-back-to-2010/</a> 2026-04-08T21:33:50Z https://njump.me/nevent1qqstdtzf0xljq7edkw023s44wtjzs5mcza4c7fxc4cydhsfsken7qsqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwlfx9jh Used Vehicle Wholesale Prices Jumped. That’s How it Started in 2020 when Broad Inflation Took Off<br/><br/>These new inflation pressures suddenly building up in the pipeline are concerning.<br/><br/><a href="https://wolfstreet.com/2026/04/07/used-vehicle-wholesale-prices-jumped-thats-how-it-started-in-2020-when-broad-inflation-took-off/">https://wolfstreet.com/2026/04/07/used-vehicle-wholesale-prices-jumped-thats-how-it-started-in-2020-when-broad-inflation-took-off/</a> 2026-04-08T01:44:49Z https://njump.me/nevent1qqszv2are2m64js3592grrgjwke2cjxltklgqgrlnv3mhs9625x4ufgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwj3s6r0 Bank of Japan Accelerated QT Further, Started Selling Equity ETFs &amp; J-REITs, Shed 12.6% of its Assets since the Peak<br/><br/>BOJ tries to put a floor under the yen and a lid on inflation through QT, rather than with rate hikes.<br/><br/><a href="https://wolfstreet.com/2026/04/07/bank-of-japan-accelerated-qt-further-started-selling-equity-etfs-j-reits-shed-12-6-of-its-assets-since-the-peak/">https://wolfstreet.com/2026/04/07/bank-of-japan-accelerated-qt-further-started-selling-equity-etfs-j-reits-shed-12-6-of-its-assets-since-the-peak/</a> 2026-04-07T19:33:50Z https://njump.me/nevent1qqsgf50emcacxcr3u83y658vyyk6auxdaxj03z7yu0pcg6wxuc0g0dszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw70juzn About those Orders for Durable Goods that Factories in the US Received<br/><br/>The 12-month average, which irons out Boeing’s huge orders, shows the trend: +8.8% year-over-year.<br/><br/><a href="https://wolfstreet.com/2026/04/07/about-those-orders-for-durable-goods-that-factories-in-the-us-received/">https://wolfstreet.com/2026/04/07/about-those-orders-for-durable-goods-that-factories-in-the-us-received/</a> 2026-04-07T16:33:04Z https://njump.me/nevent1qqszxf0yy7429qckj542ef4zspzvufjlgfrjqz95k0u6nxhj4q5llmgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwxuqzhx Japanese Government 10-Year Yield Highest since 1997, Yen at 160 despite Intervention Threats, But Bond Vigilantes Still Dead<br/><br/>Inflation and the deteriorating yen pushed the Bank of Japan into a hawkish stance, and bond yields are on their own.<br/><br/><a href="https://wolfstreet.com/2026/04/06/japanese-government-10-year-yield-highest-since-1997-yen-at-160-despite-intervention-threats-but-bond-vigilantes-still-dead/">https://wolfstreet.com/2026/04/06/japanese-government-10-year-yield-highest-since-1997-yen-at-160-despite-intervention-threats-but-bond-vigilantes-still-dead/</a> 2026-04-06T19:31:19Z https://njump.me/nevent1qqsqkrps2ma44sgwg2aa3plqen94qfqauuzuthxvr4wvm6w33r6k8uszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwtlfvur Bond Market Gets Nervous about Rising Inflation, Ballooning Debt, Sees Rate Hike. Mortgage Rates Jump to 6.46%<br/><br/>10-Year Treasury yield bounced to 4.35% on Friday, after dipping earlier in the week. 30-year Treasury near 5%. Entire Yield Curve above EFFR.<br/><br/><a href="https://wolfstreet.com/2026/04/04/bond-market-gets-nervous-about-rising-inflation-ballooning-debt-sees-rate-hike-mortgage-rates-jump-to-6-46/">https://wolfstreet.com/2026/04/04/bond-market-gets-nervous-about-rising-inflation-ballooning-debt-sees-rate-hike-mortgage-rates-jump-to-6-46/</a> 2026-04-05T01:01:59Z https://njump.me/nevent1qqsd2xc8ezffx3mj6ewqzl27ty8xy7kjfrph2vhguy6wyx0vzy96alqzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwffsl03 This is the Weirdest US Labor Market I’ve Ever Seen<br/><br/>Demand for labor is weak amid job destruction at federal &amp; state governments, which should push up unemployment. But the supply of labor has plunged.<br/><br/><a href="https://wolfstreet.com/2026/04/03/this-is-the-weirdest-us-labor-market-ive-ever-seen/">https://wolfstreet.com/2026/04/03/this-is-the-weirdest-us-labor-market-ive-ever-seen/</a> 2026-04-03T17:49:37Z https://njump.me/nevent1qqsvmkaygapaun63hxp5fgufjr3v6d9qyap4un8mumpnm2skmzn9faszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwm3624s My Take on Auto Sales in March – Come to Think of it, My Take on the Tough &amp; Ugly US Auto Market<br/><br/>GM, Ford, Honda in a quagmire. Tesla now like GM &amp; Ford. Stellantis &amp; Nissan try to exit a death spiral. Toyota gains. Hyundai-Kia rocks from record to record.<br/><br/><a href="https://wolfstreet.com/2026/04/02/my-take-on-auto-sales-in-march-come-to-think-of-it-my-take-on-the-tough-ugly-us-auto-market/">https://wolfstreet.com/2026/04/02/my-take-on-auto-sales-in-march-come-to-think-of-it-my-take-on-the-tough-ugly-us-auto-market/</a> 2026-04-02T21:59:29Z https://njump.me/nevent1qqsfr6eu956ypzcvnae2wnrv4et65gqpn6mjucjq4qnr7x2hg6m5d2szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw3d8ej7 The Massive Unsustainable Trade Deficit in Goods Has Improved Sharply. Tariffs Are Doing their Job<br/><br/>The 6-month average trade deficit in goods fell to $80 billion, the least-bad since 2020.<br/><br/><a href="https://wolfstreet.com/2026/04/02/the-massive-unsustainable-trade-deficit-in-goods-has-improved-sharply-tariffs-are-doing-their-job/">https://wolfstreet.com/2026/04/02/the-massive-unsustainable-trade-deficit-in-goods-has-improved-sharply-tariffs-are-doing-their-job/</a> 2026-04-02T16:18:27Z https://njump.me/nevent1qqsdr58s98jlvek64ye5stwme3c528aep2tnl7hy286h0xhccmjs63szyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwp772qu Homes for Sale in California Rose to the 2nd Highest for March in at Least a Decade as Demand Withered: The Biggest Markets<br/><br/>In the San Jose metro (Silicon Valley), active listings hit at least a 10-year record for March. But Orange County lags behind.<br/><br/><a href="https://wolfstreet.com/2026/04/01/homes-for-sale-in-california-rose-to-the-2nd-highest-for-any-march-in-at-least-a-decade-as-demand-withered-the-biggest-markets/">https://wolfstreet.com/2026/04/01/homes-for-sale-in-california-rose-to-the-2nd-highest-for-any-march-in-at-least-a-decade-as-demand-withered-the-biggest-markets/</a> 2026-04-02T03:51:55Z https://njump.me/nevent1qqspefd32l7dhjfanuz4rjp62ul2cs0wq4duulcs2uky7xswvw4hm2gzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwjax2s2 Retail Sales Plunged in February. Huge Seasonal Adjustments Caused them to Jump. A Look at Both<br/><br/>But what the heck happened at food &amp; beverage stores?<br/><br/><a href="https://wolfstreet.com/2026/04/01/retail-sales-plunged-in-february-huge-seasonal-adjustments-caused-them-to-jump-a-look-at-both/">https://wolfstreet.com/2026/04/01/retail-sales-plunged-in-february-huge-seasonal-adjustments-caused-them-to-jump-a-look-at-both/</a> 2026-04-01T18:44:16Z https://njump.me/nevent1qqs06j4v8h2v7m4m406peue3wxz0tuezl6u89n5x6sjxh5vzqvudppszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwvymjne Stasis in the US Labor Market: a Peculiar Situation<br/><br/>Total separations drop to the lowest since 2015 beyond the lockdown months.<br/><br/><a href="https://wolfstreet.com/2026/03/31/stasis-in-the-us-labor-market-a-peculiar-situation/">https://wolfstreet.com/2026/03/31/stasis-in-the-us-labor-market-a-peculiar-situation/</a> 2026-03-31T18:23:26Z https://njump.me/nevent1qqsx7uxvqf5mc25njxpxhkdcw3etyrtvymsux2y0d4sk8gkkc084fuszyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srw4hmr9k Farm Action’s Letter to Congress, Lambasting the Concentration of Fertilizer Makers and its Impact on Prices<br/><br/>“These structural dynamics allow supply disruptions … to translate into rapid, outsized, and sustained price increases.”<br/><br/><a href="https://wolfstreet.com/2026/03/31/farm-actions-letter-to-congress-lambasting-the-concentration-of-fertilizer-makers-and-its-impact-on-prices/">https://wolfstreet.com/2026/03/31/farm-actions-letter-to-congress-lambasting-the-concentration-of-fertilizer-makers-and-its-impact-on-prices/</a> 2026-03-31T05:25:50Z https://njump.me/nevent1qqsw66e5vexpv3upyf5pd9wu72n4pl052c7sq3wkqwymaj544hzvecgzyq6ypjjh4699t99krklf7mpyrs7y5r4sg70a44vqc3jjntmxr2srwxv6eg3 Humana, Caught up in the Metastasizing Medicare Overbilling Scandal, Enters Our Imploded Stocks<br/><br/>Government crackdown and legal entanglements take all the fun out of the Medicare Advantage plan bonanza.<br/><br/><a href="https://wolfstreet.com/2026/03/30/humana-caught-up-in-the-metastasizing-medicare-overbilling-scandal-enters-our-imploded-stocks/">https://wolfstreet.com/2026/03/30/humana-caught-up-in-the-metastasizing-medicare-overbilling-scandal-enters-our-imploded-stocks/</a> 2026-03-30T20:26:27Z