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Sales of new single-family homes declined in June, falling 8.1 percent to 590,000 at a seasonally-adjusted annual rate from a 642,000 pace in May. Sales of new single-family homes were down in three of the country’s four regions in June. The total inventory of new single-fa...
In all fairness to the Atlanta Fed, some of last week’s statistical releases indicate an economic slowdown, but at a very slow pace, nothing like the rapid contraction that accompanied serious contractions in 2008-9 or 2020. Russia’s Gazprom last week notified major cust...
Most major economies are dealing with inflation highs not seen in decades. Market expectations of peak policy rates have declined since June, likely reflecting the significant slowdown in activity as well as recent commodity price declines. Tightening financial conditions as well ...
On the heels of a surprise 50-basis-point increase in the ECB’s target rate the FOMC will likely make good on another 75-basis-point increase in its target federal funds range. Governor Waller stated that he favored another 75-basis-point increase, as has St Louis Fed President...
The services side of the economy is considerably larger than the goods side and if it really is contracting at that rate, a recession is probably coming fairly soon. Investing is often a counterintuitive exercise and it is most counterintuitive – and hardest – at turning...
"Bad news was good news" this past week as U.S. equity markets were broadly higher after weakening economic data in the U.S. and Eurozone pulled benchmark interest rates to two-month-lows. Delivering just its fourth up-week in the past sixteen weeks, the S&P 500 advanced 2.6% whil...
Although mortgage rates have stabilized a bit, they remain at some of the highest levels since 2008 and have been heading marginally higher in the past week. Given the slight rise in rates, demand for mortgages continues to predict further weakness in upcoming home sales data. Not...
Sales of existing homes sank another 5.4 percent in June, to a 5.12 million seasonally adjusted annual rate. For the single-family segment, inventory was up 9.8 percent for the month at 1.12 million and is 5.7 percent above the June 2021 level. The combination of record-high home ...
Wednesday's release of the June Existing-Home Sales showed that sales fell to a seasonally adjusted annual rate of 5.12 million units from the previous month's 5.41 million. The median existing-home price for all housing types in June was $416,000, up 13.4% from June 2021 ($366,900), ...
We’re a couple of weeks into second-quarter earnings and all is well. The big inflation report for June is on the books, bad company news is flowing (mixed with good news), but stocks are holding up. Small caps may finally be getting their time in the spotlight. Yesterday, ...
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2024-08-02 09:36:00 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...
2024-07-03 08:00:00 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...
A look at the top 10 most actives in the United States Yield10 Bioscience Inc. (YTEN) rose 135.5% to $0.5722 on volume of 57,300,938 shares Direxion Daily Semiconductor Bear 3X Shares (SOXS) fell 8.7% to $3.16 on volume of 30,926,102 shares Kaival Brands Innovations Group Inc. (KAVL) rose...