- by New Deal democrat[Note: New home sales will be reported later this morning, and I will post on that report afterward.]There is now more evidence...
“The rule of thumb I am using for 2021 is that existing home sales, if they’re doing good, should be trending between 5,840,000- 6,200,000. This, to...
Futures Steady Ahead Of Powell Testimony U.S. stock-index futures were little changed, trading just 1% below their all time high, while global shares extended their recovery...
The steepening trade is dead for now as Treasury flattening accelerates. The Fed’s super hawkish pivot is sending short-term Treasury yields and the US dollar higher. ...
Mortgage applications for new home sales fell 9% month-over-month in May at a seasonally unadjusted pace ― the second consecutive month sales of new homes have...
The global furniture market is expected to grow from $564 billion in 2020 to $671 billion in 2021 at a compound annual growth rate (CAGR) of...
Overview: The short squeeze that lifted the US dollar ahead of the weekend has seen limited follow-through buying, and instead a consolidative tone emerged. Europe is...
The bond market sent a clear message that they are in agreement with the Fed and that any inflation surges will likely be transitory. To the...
Food and beverage maker J.M. Smucker Company (SJM) reported better-than-expected Q4 results. Shares rose 1.4% to close at $137.88 on June 3. Notably, the company completed...
Futures Jump, Meme Stocks Soar Ahead Of Key Inflation Print S&P futures rose on Friday after solid economic data and Joe Biden’s leaked $6 trillion federal...
Biden to present budget proposal President Biden’s Preliminary Budget is envisaging a USD1.8 trillion deficit next year, after tax rises. Of course, what the President would...
Tracy Kasper, broker-owner of Berkshire Hathaway Home Services Silverhawk in Idaho, is in line to be the NAR president in late 2023. HW+ Premium Content The...
US stocks pushed higher after a wrath of data painted a pretty outlook for the economy and on expectations the US will have the highest amount...
Futures Slide Ahead Of Data Dump, Yuan Rampage Continues U.S. stock index futures ticked lower ahead of an economic data dump that will reveal the latest...
US Pending Home Sales Unexpectedly Plunged In April "Due To Lack Of Affordable Homes" With existing- and new-home sales both taking an unexpected tumble in April,...
Futures Jump As Coordinated Central Bankers Push Back On Inflation Fears US equity futures rose on Wednesday, rebounding from a modest dip the day before as...
Fed governors reiterate that inflation is transitory Inflationistas look like they might be ready to throw in the towel. We are supposed to be seeing accelerating...
Overview: The decline in US 10-year rates to two-week lows below 1.59% is helping rebuild bullish enthusiasm for stocks and weighing on the US dollar. The...
Robert Shiller: "In Real Terms, Home Prices Have Never Been So High" "In real terms, home prices have never been so high. My data goes back over...
With consumers returning to in-person shopping, these three retail stocks are worth the attention heading into earnings. The post Most Active Stocks Today? 3 Retail Stocks...
Key Events In A Very Busy Week: Inflation, Surveys And Fed Speakers Galore It is a very big week for macro data as we close-out May...
It was hard not to hear about cryptocurrencies last week what with the bear market and all...
"Air's Coming Out Of The Balloon" - Redfin CEO Says Home Price Gains Set To Cool Glenn Kelman, CEO at Redfin, spoke with Bloomberg Radio's Denise Pellegrini on...
The broader stock market averages were mixed last week, as volatility pushed higher. When the dust settled on Friday, the Nasdaq Composite had its first gain...
Wall Street seems to be finally agreeing with the Fed that inflation will be transitory. Despite all the robustness with US manufacturing and service sectors, financial...
Soft data eases inflation concerns Inflationary fears continued to abate overnight, with the Philadelphia Fed Manufacturing Index retreating from near fifty-year highs to 31.5, much lower...
Futures, Global Stocks Extend Gains To End Volatile Week S&P index futures ticked higher on Friday, alongside European and Asian stocks, and building on Thursday's strong...
Futures Slide, European Stocks Drop On Fresh Infection, Inflation Fears US equity futures and European stocks dipped in a quiet overnight session to start the week...
Key Events This Week: PMIs, Claims And Fed Minutes Looking forward at the coming relatively quiet week, the flash PMIs for May (Friday) will be the...
Financial markets seem to be constantly recalibrating. The economic data is expected to be volatile and that should support the Fed’s patient stance on waiting for...