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Market Movement

Be Prepared

"Be prepared" said the Fed, for interest rates to remain elevated longer than expected.  They now anticipate their overnight rate to be reduced more gradually over time, but do not…
jeremy
September 20, 2023
Market Movement

Ben said "A penny saved is a penny earned".  Less famously, he also said “When you run in debt; you give to another power over your liberty.”  Our nation has now relinquished…
jeremy
September 19, 2023
Market Movement

NAHB Now Negative

After a runup all year to a high of 56 in July, the NAHB Housing Market Index dropped to 50 in August and now 45 in September. Fifty is the threshold…
jeremy
September 18, 2023
Market Movement

Housing & CPI

The Consumer Price Index came in today as expected with a jump up 0.6% month over month, while the year over year increase jumped to 3.7%, which is 0.1% higher…
jeremy
September 13, 2023
Market Movement

From the top down, we as a country are spending more money that we just don't have. The government and many private companies are issuing additional bonds this week to bring in needed…
jeremy
September 5, 2023
Uncategorized

Quitters

Case Shiller 20 City Index shows that prices are down 1.2% from this time last year, while a 1.3% decline was expected. The JOLTS report shows that job openings fell…
jeremy
August 29, 2023
Market Movement

Hard Core Realtors

According to NAR, Existing Home Sales fell 4.4% last month while New Home Sales rose by 4.4%. New homes aren't quite making up the transaction count gap though, as they only…
jeremy
August 28, 2023
Market Movement

Powell Rides High

Addressing other cowboys in Jackson, Wyoming this morning, Fed Chair Jerome Powell was as clear as the mountain air as he reiterated his policymakers' stance to wrangle inflation down to 2.0% before…
jeremy
August 25, 2023
Market Movement

Existing Homes Sales inched lower in July from June falling 2.2% to an annual rate of 4.07 million units and are down nearly 17% from a year ago. “Two factors…
jeremy
August 23, 2023
Market Movement

Mortgage Backed Security pricing has dropped to levels seen last fall when domestic banks like SVB started failing. Banks freezing their assets brought greater illiquidity which drove long term interest rates down over…
jeremy
August 22, 2023
Market Movement

Later this week, over 100 economists, central bankers, and journalists will meet up in Jackson Hole for the annual Economic Symposium. The attendance is only about 5% of what DAVOS…
jeremy
August 21, 2023
Market Movement

The notes from the FOMC's most recent meeting were released this week, in the which was emphasized the data-dependent approach to fiscal policy and the firm commitment to getting inflation…
jeremy
August 18, 2023