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Stocks clamber up from 4-week lows, dollar eases from 10-week high
6/21/2021 7:20 AM
Global stocks recovered some losses after hitting a four-week low on Monday as investors continued to digest last week"s surprise hawkish shift by the U.S. Federal Reserve, while the dollar stood just below a 10-week high....(read more)
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10-year Treasury yield falls to two-month low to start the week
6/21/2021 7:03 AM
The 10-year U.S. Treasury yields fell to around 1.43% on Monday morning, its lowest point since early March....(read more)Read More
 
The Housing Conundrum
6/18/2021 2:26 PM
I"ve seen several housing booms and busts in my life. The biggest boom was the housing bubble in the mid-"00s, and the worst bust followed the bubble. Booms and bust have always been frequent in real estate. My Spidey senses are tingling again, however it isn"t obvious why this time - or what the outcome will be. In general, demographics are very f...Read More
 
Investors juggle Fed forecast and post-pandemic recovery as Wall Street dips
6/18/2021 1:22 PM
Wall Street was down and the dollar surged on Friday as investors tried to balance a seemingly more hawkish stance by the Federal Reserve with persistent optimism about the U.S. economy as it emerges from the pandemic....(read more)
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Invitation Homes CEO says he"s not worried about a housing bubble despite price spikes. Here"s why
6/18/2021 12:31 PM
"I would expect that home prices stay relatively stable, if not continue to grow in value," Invitation Homes CEO Dallas Tanner told CNBC....(read more)
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Indiana Real Estate in May: Sales Up 25% YoY, Inventory Down 48% YoY
6/18/2021 11:55 AM
Note: I"m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.  Remember sales were weak in April and May 2020 due to the pandemic, so the YoY sales comparison is easy.  For for the entire state Indiana: Closed sales in May 2021 were 8,470, up 24.8% from 6,789 in May...Read More
 
The Fed will continue to dominate the market in the week ahead after sell-off
6/18/2021 10:44 AM
The Fed"s signal that it is looking to step away from its easy policy is expected to be a dominant trading theme in the week ahead and the rest of the summer....(read more)
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Fed"s Jim Bullard sees first interest rate hike coming as soon as 2022
6/18/2021 8:56 AM
St. Louis Federal Reserve President James Bullard told CNBC that he sees an initial interest rate increase happening in 2022 as inflation picks up....(read more)
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Treasury yields ebb lower as investors shake off Fed policy update
6/18/2021 7:07 AM
U.S. Treasury yields ebbed lower on Friday morning, as investors continued to shake off the Federal Reserve"s hawkish turn in its latest policy update....(read more)
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Explaining the volatile stock and bond market moves this week following the Fed"s update
6/18/2021 7:06 AM
The Fed unleashed a huge repositioning in markets, as investor reacted to a world where the central bank no longer guarantees its policies will remain easy....(read more)
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Financial advisors shrug off Fed"s inflation, interest rate forecasts
6/17/2021 12:15 PM
The Federal Reserve sped up its timeline to raise interest rates and predicts higher inflation this year. Financial advisors don"t think it"s a big deal....(read more)
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Mortgage rates shoot higher after Fed Chairman Powell"s comments
6/17/2021 12:05 PM
Mortgage rates moved decidedly higher after the Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases....(read more)
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Hotels: Occupancy Rate Down 10% Compared to Same Week in 2019
6/17/2021 10:41 AM
Note: The year-over-year occupancy comparisons are easy, since occupancy declined sharply at the onset of the pandemic.  So STR is comparing to the same week in 2019. The occupancy rate is down 10.3% compared to the same week in 2019. Leisure (weekend) occupancy has recovered, but weekday (more business) is still down double digits. From C...Read More
 
Phoenix Real Estate in May: Sales Up 33% YoY, Active Inventory Down 54% YoY
6/17/2021 10:41 AM
Note: I"m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.  Remember sales were weak in April and May 2020 due to the pandemic, so the YoY sales comparison is easy. The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"): 1) Overall sales were at 9,...Read More
 
Fed is about to shift gears, but this time it may be different
6/17/2021 9:12 AM
Federal Reserve officials, increasingly confident the U.S. economy is recovering fast from the pandemic-induced recession, have begun telegraphing an exit from the central bank"s extraordinarily easy monetary policy that so far is smoother and signaled to be speedier than when the reins were tightened after the last crisis....(Read More



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