Oof. It is crazy that in the year of our Lord 2025, the 2008 mortgage crackdown that has defined housing and the economy for 17 years and counting is almost completely unacknowledged. Abundance vs....
May is shaping up to a challenging month for reading the macro tea leaves in an effort to gauge how tariffs are affecting the US economy. Tomorrow’s payrolls report from the Labor Department may...
The New York Fed recently released its household debt report for the first quarter. The chart below shows percentages of delinquent loans. Source: NY Fed As you can see, the situation in consumer...
Dollar slides as ADP and ISM data miss estimates Still, investors see 55bps Fed cuts in 2025 ahead of NFPs BoC stands pad, signals that one more cut may be possible ECB could deliver dovish rate...
Indices were mixed all around yesterday, with European stocks closing up 0.70% and most other indices closing down except for the Nasdaq, led by Meta (NASDAQ:META) (+3.16%) and Google (NASDAQ:GOOGL)...
Soft US Economic Data Boosted Gold The gold price (XAU/USD) rose by 0.56% on Wednesday following the weaker-than-expected ADP US Employment report. Recent data revealed a surprising contraction in...
Stocks finished flat on the day despite the dollar and rates falling sharply following weaker-than-expected ADP and ISM services reports. Notably, the ISM report revealed a surging prices paid index,...
The Dollar index is consolidating below the 100.00 level for the second consecutive week as Tuesday’s rally in the US Dollar was not strong enough to hold. The DXY is trading at 98.80 and hasn’t...
The end is near, folks. The bridges are being drawn up. The ladders are being lifted. The “Last No in Housing” has arrived in Fishers and Carmel, Indiana, with more cities likely to follow. It is...
