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Market Movement

One, ten, skip a few?

June 6, 2023
There 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, 2023
Meet 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, 2023
As 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, 2023
The 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, 2023
The 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, 2023
The 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…