Here is Fed Chair Powell’s prepared testimony: Coronavirus and CARES Act The livestream is here starting at 12:30 PM ET.
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“Chemical Activity Barometer Falls Slightly In June”
Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Falls…
Continue ReadingCase-Shiller: National House Price Index increased 4.7% year-over-year in April
S&P/Case-Shiller released the monthly Home Price Indices for April (“April” is a 3 month average of February, March and April…
Continue ReadingTuesday: Case-Shiller House Prices, Fed Chair Powell Testimony
Note: Here is Fed Chair Powell’s prepared testimony: Coronavirus and CARES Act From Matthew Graham at Mortgage News Daily: Mortgage…
Continue ReadingThe Financial ETF – Dissecting the Chart
Over the weekend, I covered the financial sector in depth. Last week, the Volcker rule was rolled back, while the…
Continue ReadingJune 29 COVID-19 Test Results
The US is now conducting over 500,000 tests per day, and that might be enough to allow test-and-trace in some…
Continue ReadingMBA Survey: “Share of Mortgage Loans in Forbearance Decreases Slightly to 8.47%” of Portfolio Volume
Note: To put these numbers in perspective, the MBA notes “For the week of March 2, only 0.25% of all…
Continue ReadingNatural Gas Futures Rally as Summer Heats Up
Natural Gas futures (NG) saw gains exceeding 11% Monday morning as bearish investors lightened their short positions and new longs…
Continue ReadingDallas Fed: “Manufacturing Regains Footing After Epic Decline”
From the Dallas Fed: Manufacturing Regains Footing After Epic Decline Texas factory activity rebounded strongly in June, according to business…
Continue ReadingNAR: Pending Home Sales Increase 44.3% in May
From the NAR: Pending Home Sales Notch Record-Setting 44.3% Monthly Increase in May Pending home sales mounted a record comeback…
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