Market Movement
One, ten, skip a few?
June 6, 2023There is an 80% probability that the FOMC will skip an opportunity to hike rates when they meet next week and a 52% shot that they'll hike again in July. Which…
Market Movement
Fannie & Freddie
June 2, 2023Meet Fannie & Freddie. Cute, aren't they? These two adorable kids guaranty $8.3 trillion worth of mortgages in the United States, which account for roughly 70% of all outstanding home loans. Last…
Market Movement
Paying the Piper
May 26, 2023As a country we have not defaulted on a single debt payment in our 247 year history. Our elected officials probably will come to a debt ceiling resolution before the next self-imposed deadline. The…
Market Movement
A Phan of Graphs
May 18, 2023The second most important insight into the nation's manufacturing sector was released this morning and the results were better than expected, though that sentence is a little misleading. Manufacturing has been in…
Market Movement
New Homes are Happy
May 16, 2023The National Association of Home Builders Housing Market Index rose five points to a reading of 50 this morning. The number 50 represents the beginning of optimism for the nation's…
Market Movement
Edge of a Cliff?
May 15, 2023The Empire State Manufacturing Index was reported today at a -31.80, WAY off last month's +10.80 reading. So the production of goods in and around the Big Apple has fallen…