Benzinga
Published May 16, 2023 13:56
Updated May 16, 2023 15:10
Burry In Q1: "Sell", Also Burry In Q1:
Benzinga - Institutional investors have been dumping stocks for the last 12 months. You have to ask yourself some serious questions when you see this.
Market
Prices as of 4 pm EST, 5/15/23
Macro According to CME Group’s FedWatch Tool, markets give virtually zero (0.4%) chance that interest will remain at their current level of 5-5.25bps by the end of the year.
Total consumer debt has hit a new record at over $17 trillion.
Manufacturing activity in New York collapsed to its lowest level in 4 months, falling to -31.8 in May.
Zero Hedge
Stocks Mark Kolanovic has reiterated his underweight call for US and EU equities.
Activist investor Nelson Peltz has upped his stake in Walt Disney.
Here’s what a couple of Wall Street’s biggest names were buying/selling in Q1:
Energy The US is planning to buy up to 3 million barrels of sour crude oil in August to restock its Strategic Petroleum Reserve (SPR).
Earnings Yesterday’s highlights:
Nu Holdings (NYSE: NU): $0.04 EPS (vs. $0.03 expected), $1.62 billion in sales (vs. $1.39B expected).
Monday.com (NASDAQ: MNDY): $0.14 EPS (vs. -$0.28 expected), $162.3 million in sales (vs. $155.3M expected).
What we’re watching today:
Top Headlines
Crypto
Prices as of 4 pm EST, 5/15/23
Deals
Meme Of The Day
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