1. Effective Corporate Tax Rates
2. Two-Year Treasury Yield
Three Lower Highs in a Row for 2 year treasury yields…trend is down pulled back to early Feb 2024 levels.
3. Q2 2024 First Year Over Year Increase in IPOs Since 2021
From Zachary Goldberg Jefferies –Wall Street Horizon noted, the second quarter of 2024 marked the first year-on-year increase in new global #IPOs since Q3 2021 and the single most active quarter since Q3 2022.
4. UPS Stock Breaks Below 2023 Lows
5. AT&T Chart…Can T Break Out of 10-Year Range?
6. De-Globalization Will Not Be Easy
Bernstein Advisors Trade Deficit is at record levels.
7. Best and Worst Cities for Renters
NY Times
By Matt Yan https://www.nytimes.com/2024/07/18/realestate/whats-the-best-city-for-renters.html
8. The US housing-market logjam keeps getting worse
Business Insider
- Existing home sales fell in June to nearly to their slowest pace since 2010.
- The decline comes as home prices notched a record high in the same month.
- Buyers are likely waiting for interest-rate cuts that would loosen financial conditions.
The pace of existing home sales fell close to a record low in June as record-high prices and persistently high mortgage rates turned buyers away.
Data from the National Association of Realtors shows that sales slumped 5.4% from May to June, hitting an annualized rate of 3.89 million. That marks the one of the slowest paces since 2010.
Adding to the reluctance of buyers was a second straight monthly record for home prices. The median existing-home price surging 4.1% year-to-year to $426,900.
The two dynamics are combining to worsen a long-standing logjam in the housing market. While the issue was once a lack of inventory, home sales have stayed stagnant even as more units have come available. It’s likely buyers are waiting for interest rates to start declining.
https://www.businessinsider.com/housing-market-outlook-logjam-existing-home-sales-record-prices-mortgages-2024-7
9. American Mortgage Holders Loan to Value at Super Strong Levels
10. Most Followed Accounts On Instagram…Ronaldo and Messi
Aside from Instagram’s own account, Cristiano Ronaldo has the most followers on Instagram with over 600 million. Another soccer star Leo Messi currently ranks third for most Instagram followers, just over 100 million behind rival Ronaldo. With the exception of YouTube’s MrBeast and T-Series (over 260 million subscribers), each of Instagram’s top 20 accounts has more followers than all other social media accounts.
17 of the top 20 Instagram accounts are focused on a single person.
| Rank | Account | Current Followers | Jan 2024 Followers | July 2022 Followers |
| 1 | 673.7 million | 665.8 million | 526 million | |
| 2 | Cristiano Ronaldo | 632.7 million | 616.5 million | 462.4 million |
| 3 | Leo Messi | 503.7 million | 496.5 million | 344.4 million |
| 4 | Selena Gomez | 426.7 million | 429.7 million | 332.8 million |
| 5 | Kylie | 399.1 million | 399.4 million | 355.1 million |
| 6 | Dwayne Johnson | 396.9 million | 395.4 million | 325.8 million |
| 7 | Ariana Grande | 378.6 million | 380.9 million | 320.2 million |
| 8 | Kim Kardashian | 362.1 million | 364.2 million | 322.8 million |
| 9 | Beyoncé | 318.1 million | 319.9 million | 265.6 million |
| 10 | Khloé Kardashian | 308.5 million | 311.4 million | 250.8 million |
| 11 | Nike | 305.9 million | 306.7 million | 227.2 million |
| 12 | Justin Bieber | 293.4 million | 292.9 million | 246 million |
| 13 | Kendall | 293 million | 294.8 million | 244.6 million |
| 14 | Taylor Swift | 283.8 million | 279.4 million | 217.2 million |
| 15 | National Geographic | 282.9 million | 283.8 million | 229.9 million |
| 16 | Virat Kohli | 269.2 million | 265.7 million | 204.4 million |
| 17 | Jennifer Lopez | 252.3 million | 253.4 million | 216.8 million |
| 18 | Barbie (Nicki Minaj) | 229.1 million | 229 million | 196.8 million |
| 19 | Kourtney Kardashian Barker | 223.1 million | 224.9 million | 187.4 million |
| 20 | NJ ?? (Neymar) | 222.3 million | 218.3 million | 176 million |
Source: Social Blade