The Consumer Price Index rose this month 0.3% to 3.4%, while the Core CPI number dropped from 4.0% to 3.9%.  That Core number dropping below four was enough to give…

The Fed will be auctioning off long-term Notes this week, introducing a greater supply of bonds into the market.  This over-supply, along with the recent runup in price/drop in yield…

In each of the last four years, the first week in January has brought huge swings to the bond and equity markets.  Tranquility prevailed during the last two weeks of…

Golf is one of my favorite hobbies. I'm not terrible at it, but I'm certainly not in contention to win any club championships--that would require being in a club in the…

Interest rates continue trending sideways while we're literally chilling here in the last week of 2023. Fannie Mae published their 2023 Home Price Appreciation at 5.9%.  This number will be…

Though you wouldn't know it with the 50 degree weather all afternoon, yesterday was the first day of winter. Astrologically it's the winter solstice, meaning that the earth is cresting the apex…

After yesterday's New Home report, today we have Existing Home Sales which rose 0.8% over last month's volume.  This breaks a five month downtrend, but overall, Existing Home Sales are still…

For Christmas I'm giving out hand-decorated green and red charts.  You're welcome. MBS continue to skirt across the plateau of six month high prices, which is giving us six month…

  Pretty quiet out there as we all start to focus more on holidays with family more than trivial charts and the data that fuels them. Despite additional talk from members…

As recent as the last FOMC meeting a month ago, Fed Chair Jerome Powell stated in no uncertain terms that as an institution, they would categorically not be lowering rates…

The Producer Price Index, which measures wholesale inflation, was unchanged for the month of November.  Year over year, PPI decreased 0.3% to 0.9%, which was lower than the 1% estimate.…

I heard someone say today that the Fed will continue to be "wronger for longer".  I don't quite possess intellect enough to mathematically formulate and then sensibly verbalize arguments to disprove the…

After improving significantly over the last seven weeks, the rally in interest rates has fizzled out. We'll need a favorable CPI index in tomorrow to regain any momentum. I did a…

Better late than never, the Bureau of Labor Statistics published their Jobs Report this morning. We usually see it on the first Friday of every month, but apparently last week snuck…

Pay in the labor marked has been decelerating for the last 17 months and is now at two year lows.  This is another clear sign that wage inflation is abating.  Those…