California lost ~187,000 residents in 2023 for its 7th straight annual decline, according to Reventure.
This brings the 7-year total up to 1.3 million people leaving California.
In 2022 alone, nearly 415,000 people left the state of California.
To put this in perspective, even in the 2008 financial crisis the biggest annual loss was just 125,000 residents.
Where are all of these people going?
Florida has gained 450,000 residents since the pandemic and Texas has gained 340,000.
Population dynamic...

Goldman Sachs Recommends JPMorgan Call Options
- Goldman Sachs recommends purchasing JPMorgan’s January call options, specifically the $172.50 calls expiring on Jan. 24, ahead of the bank’s earnings report.
- The options trading activity suggests a potential 3% swing in the stock price, in line with its average earnings move over the past eight quarters.
Anticipated Earnings Outperformance
- Analyst Richard Ramsden from Goldman Sachs expects JPMorgan to beat con...

In 3Q 2023, most banks' net interest margins (NIM) largely declined, as banks moved to provide higher deposit costs to limit deposit outflows. Therefore, with the rate narrative pivoting towards lower rates through 2024, eyes will be on the subsequent impact on the banks’ NIM and whether margins can remain supported.
Based on the Federal Reserve (Fed)’s data which tracks commercial bank balances, lending activities in the 4Q 2023 may remain weak, amid tighte...