XHB News and Press, SPDR Series Trust Homebuilders From 01/09/24

2024-01-09 12:05:00 ET Summary There’s no shortage of reasons to be cautious on the near-term outlook for markets. To be fair, every trend hits a wall eventually, and it’s often difficult, if not impossible, to successfully call turning points in real time. The r...

2024-01-09 09:00:00 ET Summary New homes became more unaffordable for the typical American household in November 2023. Median household income was $76,791, which was up from October 2023's initial estimate of $76,588. We already know the average interest rate on a conventional...

2024-01-08 22:35:00 ET Summary Many months ago it became abundantly clear that the Fed had extinguished the inflation fires that were stoked in 2020-21, and therefore lower interest rates were called for. More recently, we see that the economy has lost a lot of its forward momentu...

2024-01-04 12:25:34 ET More related to mortgage rates: Mass Debt Maturity Wall Will Likely Pressure The FED To Capitulate AllianceBernstein expects the Fed to keep rates elevated until the second half of 2024 More downside risk than upside surprise in 2024 outlook - ...

2024-01-04 00:55:00 ET Summary U.S. home prices hit record highs in 2023, as a lack of supply outstripped any dent to demand that higher mortgage prices might have caused. The Fed may be done hiking rates, but is unlikely to aggressively cut rates in 2024, in part because of shelt...

2024-01-03 12:05:40 ET Summary 2023 has been an amazing year for homebuilders with the SPDR Homebuilders ETF registering a 52.3% gain since we initiated our bullish view in November 2022. Although we are still bullish homebuilders, current valuations are no longer as deeply discou...

2023-12-31 08:10:00 ET Summary Mortgage rates have dropped, but not enough to stimulate a surge in home buying. Pending home sales remain at historic lows, indicating a frozen market. Purchase mortgage applications are significantly down compared to previous years, suggesting ...

2023-12-29 22:45:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-12-28 12:15:40 ET More related to mortgage rates: Mass Debt Maturity Wall Will Likely Pressure The FED To Capitulate U.S. Dollar Gets Even Stronger As Long-Term Yields In The U.S. Rise More downside risk than upside surprise in 2024 outlook - analyst Peo...

2023-12-28 06:30:00 ET Summary The markets have been so fixated on forecasting a recession and ensuing rate cuts that they have ignored an abundance of data pointing to the early stages of a manufacturing-led expansion. It appears the market may have been mispriced amid the Federa...