Author | Lightnews

Steven Grey @greyvaluemgmt.bsky.social · Apr 8

What to make of Trump’s Tariffs?

This podcast from The Economist is seriously the best overview on the recent developments re. trade and tariffs I've heard.

Here's the link:
www.economist.com/podcasts/202...
#investing #stocks #bonds #trade #TradeWar #tariffs #Trump

What to make of Donald Trump’s titanic tariffs

Our podcast on markets, the economy and business. This week, the sweeping escalation of the trade war

www.economist.com

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Steven Grey @greyvaluemgmt.bsky.social · Apr 7

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Steven Grey @greyvaluemgmt.bsky.social · Apr 1

In 2024, roughly 1.73 million vehicles were seized, up 16% from the year prior and 43% compared with 2022.

The share of subprime auto borrowers at least 60 days past due on their loans rose to 6.56% in January, the most since the data collection began in 1994.

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Steven Grey @greyvaluemgmt.bsky.social · Apr 1

Repo Man

Car repossessions surged last year to the most since 2009.

Here's the full piece by Claire Ballentine:
www.bloomberg.com/news/article...

#investing #stocks #bonds #cars #AutoIndustry #autoloans #carloans #repoman #subprimeauto

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Steven Grey @greyvaluemgmt.bsky.social · Mar 27

The Real Action in Real Estate

If you're interested in real estate as an asset class, listen to this Grant's Interest Rate Observer podcast interview with Seth Weissman at Urban Standard Capital.

www.grantspub.com/podcasts.cfm

#investing #stocks #bonds #RealEstate

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Steven Grey @greyvaluemgmt.bsky.social · Mar 21

Marketing Missteps: Tesla vs Nike

This is a really interesting take from @profgalloway.com comparing the marketging efforts and political calculus of #Tesla/#ElonMusk vs #Nike :

youtu.be/I3JtZlSRMAw?...

#investing #stocks #bonds #StockMarketNews

Scott Galloway on Markets, Musk, and Trump’s “Weapons of Mass Distraction” | Amanpour and Company

YouTube video by Amanpour and Company

youtu.be

Steven Grey @greyvaluemgmt.bsky.social · Mar 20

Living on the (h)edge...

You know your business has an image problem when the biggest laugh of the night ocuurs when you're compared to Isis.
#investing #stocks #bonds #hedgefund #Terrorism

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Steven Grey @greyvaluemgmt.bsky.social · Mar 20

When Snools Rush In...

Why venture further out on the curve when you get a higher yield for playing it safe and having near-term access to liquidity in the event that assets sell off?

www.ft.com/content/6313...
#investing #yieldcurve #InterestRates #Fed #Trump #stocks #bonds

Steven Grey @greyvaluemgmt.bsky.social · Mar 20

You can find Paulo Trevisani's great article here:
www.wsj.com/finance/inve...
#investing #stocks #StockMarket #bonds #interestrates #DOGE #municipalbonds

Fast-Changing Federal Policies Shuffle Municipal-Bond Strategies

Tariffs, deportations and potential cuts to the federal budget are pushing municipal-bond investors to reevaluate debt from school districts, hospitals, port operators and other issuers.

www.wsj.com

Steven Grey @greyvaluemgmt.bsky.social · Mar 20

As the author of the article below notes, "Tariffs, deportations and potential cuts to the federal budget are pushing municipal-bond investors to reevaluate debt from school districts, hospitals, port operators and other issuers."

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Steven Grey @greyvaluemgmt.bsky.social · Mar 20

The spread turned positive as the election approached, peaking at 0.6 in early January. It was at 0.2 Thursday, above the 12-month average.

What drove the shift?

In a word: Uncertainty.

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Steven Grey @greyvaluemgmt.bsky.social · Mar 20

Policy Uncertainty is Agitating Municipal Bond Strategies

Last September, based on the yield-to-maturity, municipal bonds were perceived as safer than federal government debt. The YTM in an S&P municipal-bonds index was nearly 0.2 percentage points lower than the 10-year Treasury yield.

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Steven Grey @greyvaluemgmt.bsky.social · Mar 19

Against the backdrop of a market priced for perfection struck with sudden, rapidly escalating uncertainty, the shift was swift but not necessarily illogical.

www.bloomberg.com/news/article...

#investing #stocks #bonds #stockmarket #stockmarketcrash #interestrates

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Steven Grey @greyvaluemgmt.bsky.social · Mar 18

I don't know of many people outside of Japan who would have seen that coming, but having spent a number of years there I don't find it shocking.

Here's the link to the FT article:
www.ft.com/content/44a7...

Any other takes on the topic?
#japan #japaneseculture

Young Americans lose trust in the state

Gallup poll highlights that confidence in the apparatus of government has fallen dramatically

www.ft.com

Steven Grey @greyvaluemgmt.bsky.social · Mar 18

彼らは尊敬されない / They Don't Get No Respect

An article in today's FT about "unhappy young Americans" featured an interactive graph that ranked countries based on a range of topics/responses from 15 to 29-year-olds.

Note who is at the top of the list when the topic was "not treated with respect."

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Reposted by Steven Grey

Carl Quintanilla @carlquintanilla.bsky.social · Mar 18

B of A FUND MGR SURVEY:

“.. 2nd biggest drop in global growth expectations ever

“.. biggest drop in US
equity allocation ever

“.. biggest jump in cash allocation since Mar'20 ..” 🇺🇸

47 240 920

Steven Grey @greyvaluemgmt.bsky.social · Mar 18

Investors Need to Think SMALL

If you're an investor and nervous about what's been happening in the financial markets and the economy, there's one very basic thing you can do.

By the way, if you found this video helpful, follow us. 🙂

#investing #stocks #bonds #StockMarket #stockmarket

Steven Grey @greyvaluemgmt.bsky.social · Mar 18

Investors Need to Think SMALL

If you're an investor and nervous about what's been happening in the financial markets and the economy, there's one very basic thing you can do.

By the way, if you found this video helpful, follow us. 🙂

#investing #stocks #bonds #StockMarket #stockmarket

Steven Grey @greyvaluemgmt.bsky.social · Mar 12

Crypto Curious?

Planet Money recently did a very informative, amusing episode on #Crypto and #memecoins called "The Memecoin Casino."

Learn how the shib is made!

Alexi Horowitz-Ghazi, Nic Neves, Jess Jiang, and Willa Rubin do such wow goodly job explaining.

www.npr.org/2025/02/28/1...

The Memecoin Casino : Planet Money

What do Moo Deng the pygmy hippo, social media sensation Hawk Tuah, and the President of the United States all have in common? They've all inspired highly valuable, highly volatile memecoins. The humb...

www.npr.org

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Steven Grey @greyvaluemgmt.bsky.social · Mar 10

Here are the links to the two articles featuring the charts below:
Carol Ryan, @WSJ:
www.wsj.com/economy/hous...
@jennifersaba, @Breakingviews:
www.breakingviews.com/considered-v...
#RealEstate #housingmarketmyths #housing #InterestRates #mortgagerates #investing #stocks #bonds

Tariffs Inflict Pain on Home Builders When They Can Least Afford It

Trade levies could add an extra $10,000 to the cost of building a home, likely coming out of builders’ margins.

www.wsj.com

Steven Grey @greyvaluemgmt.bsky.social · Mar 10

But this likely reflects worries about how the U.S. economy will respond to more protectionist trade policies that have pushed down the 10-year Treasury yield.

A weak economy won’t help housing affordability if it means lower incomes for buyers.

Tariffs Inflict Pain on Home Builders When They Can Least Afford It

Trade levies could add an extra $10,000 to the cost of building a home, likely coming out of builders’ margins.

www.wsj.com

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Steven Grey @greyvaluemgmt.bsky.social · Mar 10

Rising Mortgage Rates, Rising Number of Unsold Homes

It's a phenomenon that requires little explanation - under the current economic circumstances, the two go hand-in-hand.

In fact, the rate on a 30-year mortgage dropped to 6.63% this week from 7.04% in mid-January.

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Steven Grey @greyvaluemgmt.bsky.social · Mar 10

Follow the smart money, right?

Steven Grey @greyvaluemgmt.bsky.social · Mar 7

Car owners are missing their monthly payments at the highest rate in more than 30 years

And those numbers are as of January 1st, BEFORE the recent contraction began.

What say you, @cardealershipguy.bsky.social?

Read @cfb_18's full piece here:
www.bloomberg.com/news/article...
#investing

Steven Grey @greyvaluemgmt.bsky.social · Mar 5

#investing #stocks #bonds #trade #TradeWar2025 #Trump #TrumpTariffs #StockMarket

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