This week saw the major equity averages continue a confirmed pullback phase, with some of the biggest gainers in the…
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July 26th COVID Update: Wastewater Measure Might Have Peaked
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago…
Continue ReadingRecovery Rally In Stock Market Offers Hope: What You Need To Watch
Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn’t necessarily…
Continue Reading“Snow Belt to Sun Belt Migration: End of an Era?”
Here is new working paper from Sylvain Leduc and Daniel J. Wilson at the Federal Reserve Bank of San Francisco…
Continue ReadingFlying Financials. Will It Be Enough?
Flying Financials In the recent sector rotation, basically OUT of technology and INTO anything else, Financials and Real-Estate led the…
Continue ReadingNew Highs Coming or Will We Collapse? What Say You, Fed Chief Powell?
This will be one of the most interesting quarters in recent memory. The Fed has got to choose its poison.…
Continue ReadingPCE Measure of Shelter Slows to 5.3% YoY in June
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report…
Continue ReadingPersonal Income increased 0.2% in June; Spending increased 0.3%
The BEA released the Personal Income and Outlays report for June: Personal income increased $50.4 billion (0.2 percent at a…
Continue ReadingNvidia Breaks the 50-day SMA: Is This a Threat or an Opportunity?
After a big run this year, Nvidia (NVDA) fell over 15% from its high and broke its 50-day simple moving…
Continue ReadingHere’s Why IBM Stock is on the Move
IBM stock was up some 6% on Thursday after the technology company generated solid Q2 earnings that surpassed analysts’ estimates.…
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