Real Estate Weekly Review
Bouncing back from four straight weeks of declines, the major US equity indexes (SPY) (QQQ) each jumped more than 4% this week as softer-than-expected economic data increased the likelihood of Federal Reserve rate cuts by the end of the year. The seemingly unflappable US labor markets revealed early signs of stress with both major jobs reports missing estimates by a wide margin, sending the benchmark 10-year yield to nearly two-year lows.
For now, the economic momentum from last year’s reacceleration appears to be enough to keep the