Category: indicators
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Buyer Beware (pt 2)
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Buyer Beware!
In August 2023, mortgage rates rose to the highest level in 23 years, with the national average 30-year fixed mortgage hitting 7.48%. With home prices and mortgage rates both rising, the U.S. is now witnessing the biggest numerical gap in the monthly cost between owning a home and renting in over 50 years. Today’s chart…
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6/21/23
https://finance.yahoo.com/news/powell-nearly-all-fed-members-expect-to-raise-rates-again-this-year-123006616.html Advanced economies like the US have had a head start on developing advanced industries, making it difficult for others to catch up. Europe, despite being primarily comprised of already advanced economies, lacks the innovative global companies compared to the US and even the new players coming from Asia, with exceptions like Germany and France,…
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Tom Lee on 2023
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JUNE FOMC
https://assets.realclear.com/files/2023/06/2201_fomc.pdf June FOMC Meeting: Saying They Will If They Have To, But Hoping They Won’t Have To? › The FOMC made no change to the Fed funds rate target range, leaving the mid-point of the target range at 5.125 percent › The updated dot plot implies a terminal Fed funds rate target range mid-point of…
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Time For Bonds
https://finance.yahoo.com/news/jpmorgan-michele-says-time-exit-143330550.html I don’t agree with this but…… it’s interesting to read what the other side thinks….. JPMorgan’s Michele Says It’s Time to Exit ‘Cash Trap’ and Move Into Bonds JPMorgan’s Michele Says It’s Time to Exit ‘Cash Trap’ and Move Into Bonds (Bloomberg) — It’s time to exit the “cash trap” of money market funds…
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Fed Day
https://finance.yahoo.com/news/fed-expected-to-skip-a-june-rate-hike-but-signal-more-in-the-future-141346398.html The Fed’s benchmark interest rate stands in a range of 5%-5.25%, the highest level since September 2007. As part of its most aggressive rate hiking campaign since the 1980s, the Fed has increased the target range for its benchmark interest rate by 5 percentage points since March 2022.
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Gundlach on Macro